Both the Senate Finance Committee and House Ways and Means Committee approved legislation this week to renew presidential trade promotion authority (TPA).
The Senate Finance Committee approved the bill Wednesday night on a vote of 20-6. More details on the committee’s action are available in this executive session summary. In this same work session, the committee also approved legislation extending the African Growth and Opportunity Act (AGOA) for another 10 years (through September 2025). An amendment was approved requiring USTR to conduct a review, within 30 days of the bill’s final passage, examining whether South Africa is complying with AGOA eligibility requirements. This bill also extends trade preferences for Haiti through 2025 and retroactively extends the Generalized System of Preferences (GSP), which expired in late 2013, through 2017.
The House and Ways Committee approved a similar set of bills on Thursday, though some differences remain between the House and Senate versions of the TPA legislation. The Ways and Means Committee’s approval of the TPA bill (on a vote of 25-13) followed party lines to a much greater extent than in the Senate Finance Committee, as only two of the Ways and Means Committee’s 15 Democratic members supported the legislation.
We will provide further updates on TPA as these bills move to the full House and Senate for consideration.