[Congressional Record Volume 161, Number 54 (Wednesday, April 15, 2015)]
[Senate]
[Page S2190]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TRADE PROMOTION AUTHORITY
Mr. THUNE. Mr. President, before I close, I would like to take a
moment to talk about what I think is a bright spot for our economy, and
that is bipartisan trade promotion authority. Previous free- and fair-
trade agreements have been a boon to the economy, expanding
opportunities for American workers and giving American farmers, such as
many of those I represent in South Dakota, and manufacturers access to
new markets for their goods. Nearly every one of those trade agreements
was negotiated and enacted using trade promotion authority.
The idea behind trade promotion authority is very simple: Congress
sets negotiating priorities for the administration and requires the
administration to consult with Congress during that negotiating
process. In return, Congress promises a simple up-or-down vote on the
legislation instead of a lengthy amendment process that could leave the
final agreement looking nothing like what was negotiated. That up-or-
down vote is the key. That is what gives our trading partners the
confidence to put their best offers on the table, which allows for a
successful conclusion of negotiations.
Trade promotion authority expired in 2007. Republicans have been
trying to get it reauthorized ever since. Currently, the administration
is negotiating two key trade agreements--the Trans-Pacific Partnership
and the United States-European Union trade agreement--that are unlikely
to be concluded in the near future unless trade promotion authority is
finally renewed. These agreements will expand opportunities for
American workers and open new markets for American goods. A bipartisan
reauthorization of trade promotion authority will help bring those
agreements to a speedy conclusion, and that will be good news for
American workers and American businesses.
The challenges facing our Nation are best solved when Members of both
parties come together to find solutions for the American people. I look
forward to continuing to work with my colleagues on trade promotion
authority and other issues that will grow our economy, create better
paying jobs for American workers, and increase the take-home pay of
middle-income families in this country.
Mr. President, I yield the floor.
The PRESIDING OFFICER. The Senator from Missouri.
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