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Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy

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Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy

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Author : Congressional Research Service
language : en
Publisher: CreateSpace
Release Date : 2014-10-09

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy written by Congressional Research Service and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-09 with Law categories.

On July 1, 2007, Trade Promotion Authority (TPA) expired. TPA is the authority Congress grants to the President to enter into certain reciprocal trade agreements, and to have their implementing bills considered under expedited legislative procedures, provided the President observes certain statutory obligations.

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy

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Author : William H. Cooper
language : en
Publisher:
Release Date : 2014

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy written by William H. Cooper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Foreign trade promotion categories.

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy

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Author : J. F. Hornbeck
language : en
Publisher: DIANE Publishing
Release Date : 2010

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy written by J. F. Hornbeck and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.

This report presents background and analysis on the development of Trade Promotion Authority (TPA), which expired on July 1, 2007. The report also includes a summary of the major provisions under the recently expired authority and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy

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Author : William H. Cooper
language : en
Publisher:
Release Date : 2014

Crs Report For Congress

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Author : J. F. Hornbeck
language : en
Publisher: BiblioGov
Release Date : 2013-10

Crs Report For Congress written by J. F. Hornbeck and has been published by BiblioGov this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10 with categories.

On July 1, 2007, Trade Promotion Authority (TPA--previously fast track), expired. TPA is the authority Congress grants to the President to enter into certain reciprocal (free) trade agreements (FTAs), and to have their implementing bills considered under expedited legislative procedures, provided he observes certain statutory obligations in negotiating them. TPA defines how Congress has chosen to exercise its constitutional authority over a particular aspect of trade policy, while presumably giving the President added leverage to exercise his authority to negotiate trade agreements by effectively assuring U.S. trade partners that final agreements will be given swift and unamended consideration. TPA reflects years of debate, cooperation, and compromise between Congress and the Executive Branch in finding a pragmatic accommodation to the exercise of each branch's respective authorities over trade policy. The core provisions of the fast track legislative procedures have not changed since first enacted in 1974, although Congress has expanded trade negotiation objectives, oversight, and presidential notification requirements. While early versions of fast track/TPA received broad bipartisan support, renewal efforts have become increasingly controversial as fears have grown over the negative effects of trade, and as the trade debate has become more partisan and constituent driven, culminating in a party-line vote ...

Crs Report For Congress

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Author : J. F. Hornbeck
language : en
Publisher: BiblioGov
Release Date : 2013-10

On July 1, 2007, Trade Promotion Authority (TPA -- formerly fast track) is set to expire, and with it a special authority that Congress grants to the President to negotiate certain trade agreements and to have their implementing bills considered under expedited legislative procedures, provided the President complies with certain statutory obligations. The procedures allow Congress to exercise its constitutional authority over trade, while giving the President added negotiating flexibility by assuring U.S. trade partners that final agreements are given swift and unamended consideration. The United States is currently engaged in multiple trade negotiations that may not be completed before TPA expires, raising the question of its renewal. TPA reflects years of debate, cooperation, and compromise between Congress and the Executive Branch. Congress has express constitutional authority to impose duties and regulate foreign commerce, while the President has the sole authority to negotiate international agreements and exerts broad power over U.S. foreign policy. TPA arose from a pragmatic need to accommodate these authorities in the conduct of U.S. trade policy, as well as address concerns that constituent pressures can often lead to poor trade policy decisions. The "Smoot-Hawley" Tariff Act of 1930, for example, raised tariffs significantly, diminishing trade and ...

Trade Promotion Authority Tpa

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Author : Congressional Research Service
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-09-15

Trade Promotion Authority Tpa written by Congressional Research Service and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-15 with categories.

Legislation to reauthorize Trade Promotion Authority (TPA)-sometimes called "fast track"-the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), was signed into law by President Obama on June 29, 2015 (P.L. 114-26). If the President negotiates an international trade agreement that would reduce tariff or nontariff barriers to trade in ways that require changes in U.S. law, the United States can implement the agreement only through the enactment of legislation. If the trade agreement and the process of negotiating it meet certain requirements, TPA allows Congress to consider the required implementing bill under expedited procedures, pursuant to which the bill may come to the floor without action by the leadership, and can receive a guaranteed up-or-down vote with no amendments. Under TPA, an implementing bill may be eligible for expedited consideration if (1) the trade agreement was negotiated during the limited time period for which TPA is in effect; (2) the agreement advances a series of U.S. trade negotiating objectives specified in the TPA statute; (3) the negotiations were conducted in compliance with an extensive array of required notifications to and consultations with Congress and other stakeholders; and (4) the President submits to Congress a draft implementing bill, which must meet specific content requirements, and a range of required supporting information. If, in any given case, Congress judges that these requirements have not been met, TPA provides mechanisms through which the eligibility of the implementing bill for expedited consideration may be withdrawn in one or both chambers. TPA is authorized through July 1, 2021. The United States is now engaged in renegotiation of the North American Free Trade Agreement (NAFTA), for which TPA could be used to consider implementing legislation. The issue of TPA reauthorization raises a number of questions regarding TPA itself and the pending legislation. This report addresses a number of those questions that are frequently asked, including the following: What is trade promotion authority? Is TPA necessary? What are trade negotiating objectives and how are they reflected in TPA statutes? What requirements does Congress impose on the President under TPA? Does TPA affect congressional authority on trade policy?

Future Of U S Trade Policy An Analysis Of Issues And Options For The 111th Congress

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Author : William H. Cooper
language : en
Publisher: DIANE Publishing
Release Date : 2010

Future Of U S Trade Policy An Analysis Of Issues And Options For The 111th Congress written by William H. Cooper and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.

This report provides analysis of U.S. trade policy including factors that make up the current economic and political climate, grade issues, the depate over U.S. trade policy. It concludes with an examination of some of the options available to Congress and the pros and cons of each.

Trade Promotion Authority Tpa

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Author :
language : en
Publisher:
Release Date : 2007

Trade Promotion Authority Tpa written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.

On July 1, 2007, Trade Promotion Authority (TPA -- formerly fast track) is set to expire. TPA is the authority Congress grants to the President to enter into certain trade agreements, and to have their implementing bills considered under expedited legislative procedures, provided he observes certain statutory obligations in negotiating them. TPA allows Congress to exercise its constitutional authority over trade, while giving the President added negotiating leverage by effectively assuring U.S. trade partners that final agreements are given swift and unamended consideration. President Bush formally requested TPA renewal on January 31, 2007. TPA reflects years of debate, cooperation, and compromise between Congress and the Executive Branch. Congress has express constitutional authority to impose duties and regulate foreign commerce, while the President has the sole authority to negotiate international agreements and exerts broad power over U.S. foreign policy. TPA arose from a pragmatic need to accommodate these authorities in the conduct of U.S. trade policy, as well as address concerns that constituent pressures can often lead to poor trade policy decisions. The "Smoot-Hawley" Tariff Act of 1930, for example, raised tariffs significantly, diminishing trade and prolonging the Great Depression. In response, Congress in 1934 delegated to the President authority to implement "pre-approved" reductions in tariff rates. TPA evolved in 1974 from this precedent to allow the President to enter into non-tariff barrier (NTB) agreements, provided he observes congressional negotiating requirements set out in the statute. The core provisions of the fast track legislative procedures have remained unchanged since first enacted, although Congress has expanded trade negotiation objectives, oversight, and presidential notification requirements. While early versions of fast track/TPA received broad bipartisan support, renewal efforts became increasingly controversial as fears grew over the perceived negative effects of trade, and as the trade debate became more partisan in nature, culminating in a largely party-line vote on the 2002 renewal. The current renewal debate is centered on the broad effects of trade on the United States, with an emphasis on at least four specific issues: stronger labor and environment provisions; stricter enforcement of trade agreements; enhanced adjustment and assistance programs; and revisions to the congressional consultation process. Congress faces a difficult challenge given the number of trade negotiations, including the WTO Doha Round and bilateral agreements with South Korea, Malaysia, and Panama, among others, that are close to being concluded before TPA expires. Congress can choose among various options: no action; temporary extension; revision and renewal; permanent authority; or some hybrid solution. How this issue plays out depends on a host of variables, including the status of uncompleted negotiations, the economic effects of pursuing trade liberalization as perceived by various stakeholders, the political will to compromise between the Bush Administration and Congress, and the willingness and ability of the 110th Congress, with its new Members and majority, to craft a bipartisan solution. This report will be updated as events warrant.

Advancing Congress S Trade Agenda

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Author : United States. Congress. Senate. Committee on Finance
language : en
Publisher:
Release Date : 2014

Advancing Congress S Trade Agenda written by United States. Congress. Senate. Committee on Finance and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Foreign trade promotion categories.

Trade Promotion Authority Tpa And The Role Of Congress In Trade Policy

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