Trade Promotion Authority (TPA)
Trade Promotion Authority (TPA)
Trade Promotion Authority (TPA) allows Congress and the Executive Branch to share power on international trade, including on trade negotiating priorities and oversight of the process. In TPA legislation, Congress outlines the U.S. negotiating priorities and objectives for international trade agreements, as well as the legislative procedures that allow the President to submit a bill implementing a trade agreement to Congress for an up-or-down vote without any amendments. These procedures include extensive consultations between the President and Congress, providing for Congressional input and oversight into the negotiations. Congress last enacted TPA in 2002, and TPA expired in 2007. In January 2014, bipartisan TPA legislation was introduced in both the House and Senate, but no action was taken.
Finally, in April 2015, the House and Senate introduced the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, which would provide TPA for six years. The legislation was part of a large package of trade bills including other key priorities for the industry, as well. After a long fight, Congress finally passed TPA and President Obama signed it into law on June 29, 2015.
The United States Fashion Industry Association (USFIA) supports congressional action to approve Trade Promotion Authority (TPA) and applauds Congress for passing the legislation in June 2015.
USFIA is a member of the Trade Benefits America Coalition, a wide range of associations and companies that are dedicated to the pursuit of U.S. international trade agreements that benefit American businesses, farmers, workers, and consumers. The Coalition believes that passage of modernized Trade Promotion Authority (TPA) legislation is important to help ensure America continues to benefit from trade. For more information, visit www.tradebenefitsamerica.org.
The United States Fashion Industry Association (USFIA) applauded the bipartisan support in the House for Trade Promotion Authority (TPA), but urged lawmakers to find agreement on Trade Adjustment Assistance (TAA). The statement is available on our website.
The United States Fashion Industry Association (USFIA) joined the Trade Benefits America Coalition letter to the Senate urging them to support the bill passed by the House on June 18th. The letter is available here.
On May 22, 2015, during the ongoing negotiations about Trade Promotion Authority (TPA) amendments, the United States Fashion Industry Association (USFIA) joined a letter organized by the Emergency Committee for American Trade (ECAT) opposing Senate Amendment No. 1251 (SA 1251) to the bipartisan Congressional Trade Priorities & Accountability Act of 2015, or TPA. This amendment would create special rules for China to make it more difficult for China to join the Trans-Pacific Partnership (TPP). However, the TPA legislation already provides a mechanism for Congress to approve new TPP partners so the amendment is unnecessary and would "undermine the ability of the U.S. government to reach the aim of TPP to open markets in the Asian region and promote economic growth and job creation in the United States." The letter is available here.