Key Topic – Trade Promotion Authority
Trade Promotion Authority
– Under presidential trade promotion authority (TPA), trade agreements are subject to congressional approval on an up-or-down vote without amendments, making TPA a critically important tool for U.S. negotiators because it assures trading partners that an agreement will not be altered in the congressional approval process.
Final congressional action to renew TPA was viewed as a critical and necessary step for completion of the Trans-Pacific Partnership (TPP) negotiations. After several weeks of legislative activity, a bill to renew TPA passed both houses of Congress and was signed into law by President Obama on June 29.