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Home > "Pacific Trade Authority Bill Wins Final Approval in Senate"

"Pacific Trade Authority Bill Wins Final Approval in Senate" [1]

"The Senate on Wednesday gave final approval to legislation granting President Obama enhanced power to negotiate major trade agreements with Asia and Europe, sending the president’s biggest end-of-term legislative priority to the White House for his signature.

Senators then approved a bill that provides assistance to workers displaced by international trade accords, attaching it to a popular African trade measure that will go to the House for a final vote Thursday morning. House Democrats signaled they would support the measure, which they had voted down two weeks before.

The burst of legislative action secured a hard-fought victory for Mr. Obama and the Republican congressional leadership. It kept on track an ambitious agenda to complete a broad trade agreement joining 12 countries — from Canada and Chile to Australia and Japan — into a web of rules governing trans-Pacific commerce. Negotiators will also move forward on an accord with Europe, knowing that any agreement over the next six years will be subject to a straight up-or-down vote, but cannot be amended or filibustered in Congress."

Jonathan Weisman reports for the New York Times June 24, 2015. [2]

SEE ALSO:

"Environmentalists Lobby Against A Controversial Trade Deal" (KPBS: 4/27/2015) [3]

Economy & Business [4]
National (U.S.) [5]
Public [6]
Source: NY Times [2], 06/25/2015
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Source URL:https://www.sej.org/headlines/pacific-trade-authority-bill-wins-final-approval-senate

Links
[1] https://www.sej.org/headlines/pacific-trade-authority-bill-wins-final-approval-senate [2] http://www.nytimes.com/2015/06/25/business/trade-pact-senate-vote-obama.html [3] http://www.kpbs.org/news/2015/may/27/environmentalists-lobby-agaisnt-controversial-trad/ [4] https://www.sej.org/category/topics-beat/business [5] https://www.sej.org/category/region/national [6] https://www.sej.org/taxonomy/term/81