Trade Promotion Authority, Government Update

Washington, D.C. – Government Update –Friday, June 12, 2015, our elected officials uscapitol-washingtondc-picture1are preparing to vote on the Trade Promotion Authority Act of 2015 (TPA) and the Trade Adjustment Assistance Act (TAA) of 2015.   Machinery Dealers National Association (MDNA) association partner and voice in Washington, NAM (National Association of Manufacturing) is calling for passage of TPA and TAA.

“The House of Representatives now faces a simple decision: vote in support of TPA and expand opportunities for manufacturers to sell our products overseas, increase global competitiveness and fuel our ability to grow and create jobs, or vote to keep manufacturers on the sidelines and at a global disadvantage. A vote for TPA is a vote to support the 12 million men and women working in manufacturing in the United States.”– Joint statement from NAM President and CEO Jay Timmons and NAM Vice Chair of International Economic Affairs Policy and Emerson Chairman and CEO David Farr.

Hear NAM President and CEO Jay Timmons’ appeal here.   

In support of these measures NAM recommends calling your representative now at: 202-224-3121

Background:

TPA

The fast track negotiating authority for trade agreements is the authority of the President of the United States to negotiate international agreements that Congress can approve or disapprove but cannot amend or filibuster. Also called trade promotion authority (TPA) since 2002, fast track negotiating authority is a temporary and controversial power granted to the President by Congress. The authority was in effect from 1975 to 1994, pursuant to the Trade Act of 1974, and from 2002 to 2007 by the Trade Act of 2002. Although it expired for new agreements on July 1, 2007, it continued to apply to agreements already under negotiation until they were eventually passed into law in 2011. In 2012, the Obama administration began seeking renewal of the authority. Learn more here.

TAA

The Trade Adjustment Assistance Act of 2015 reauthorizes the Trade Adjustment Assistance (TAA) program through 2020 and renews the program’s 2009-2010 eligibility and benefit levels.  Trade Adjustment Assistance provides necessary assistance for workers who have lost their job due to trade. The Department of Labor (DOL) estimates that since 1975 over two million workers have relied on the TAA program to receive benefits to make ends meet and the training necessary to find new employment. Congress included a short term TAA extension in the omnibus bill last year, but the statutory authority for the program expires entirely at the end of this fiscal year. Learn more at: house.gov

What is TPA & Why is it important to me?