Congressional Deal Reached on Obama Trade-Talks Authority

Brian Wingfield, Laura Litvan and Michael C. Bender

Congressional leaders who oversee trade policy introduced legislation today that would give President Barack Obama the fast-track authority he is seeking to enact three of the world’s largest accords.

House Ways and Means Committee Chairman Dave Camp of Michigan joined leaders of the Senate Finance Committee to offer legislation on so-called trade-promotion authority, which subjects trade deals to an up-or-down vote by Congress.

“The TPA legislation we are introducing today will make sure that these trade deals get done, and get done right,” Democratic Senator Max Baucus of Montana, the Senate Finance Committee Chairman, said in a statement. “This is our opportunity to tell the administration -- and our trading partners -- what Congress’s negotiating priorities are.”

Source: 
Bloomberg Politics