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Author: J. F. Hornbeck Publisher: DIANE Publishing ISBN: 143794311X Category : Languages : en Pages : 24
Book Description
This report presents background and analysis on the development of Trade Promotion Authority (TPA), which expired on July 1, 2007. The report also includes a summary of the major provisions under the recently expired authority and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.
Author: J. F. Hornbeck Publisher: DIANE Publishing ISBN: 143794311X Category : Languages : en Pages : 24
Book Description
This report presents background and analysis on the development of Trade Promotion Authority (TPA), which expired on July 1, 2007. The report also includes a summary of the major provisions under the recently expired authority and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.
Author: Congressional Research Congressional Research Service Publisher: CreateSpace ISBN: 9781506018492 Category : Languages : en Pages : 28
Book Description
Trade Promotion Authority (TPA), formerly called fast track, likely will be considered in the 114th Congress. TPA is the authority Congress has granted to the President for limited periods of time to enter into reciprocal trade agreements. The authority lays out U.S. trade negotiating objectives, procedures for congressional-executive notification and consultation, and expedited legislative procedures under which bills implementing trade agreements negotiated by the executive branch are to be considered. The most recent authority was enacted in December 2002 and expired as of July 1, 2007. Legislation to reauthorize TPA was introduced, but not considered, in the 113th Congress. The United States is engaged in several sets of trade agreement negotiations. The issue of TPA reauthorization has raised a number of questions regarding TPA itself and the pending legislation. This report addresses a number of those questions that are frequently asked, including:
Author: Congressional Research Congressional Research Service Publisher: CreateSpace ISBN: 9781507737446 Category : Languages : en Pages : 26
Book Description
Legislation to renew TPA is expected to be introduced in the 114th Congress. On July 1, 2007, Trade Promotion Authority (TPA-previously known as fast track) expired. TPA is the authority Congress grants to the President to enter into certain reciprocal trade agreements, and to have their implementing bills considered under expedited legislative procedures, provided the President observes certain statutory obligations. TPA defines how Congress has chosen to exercise its constitutional authority over a particular aspect of trade policy, while giving the President added leverage to negotiate trade agreements by effectively assuring U.S. trade partners that final agreements will be given timely and unamended consideration. On July 30, 2013, President Obama first publicly requested that Congress reauthorize TPA and he reiterated his request for TPA in his January 20, 2015, State of the Union address. Legislation to renew TPA-the Bipartisan Congressional Trade Priorities Act of 2014-was introduced in the 113th Congress (H.R. 3830) (S. 1900), but it was not acted upon. TPA reflects decades of debate, cooperation, and compromise between Congress and the executive branch in finding a pragmatic accommodation to the exercise of each branch's respective authorities over trade policy. The expedited legislative procedures have not changed since first codified in the Trade Act of 1974 (P.L.93-618). Congress, however, has required that the authority to use TPA be periodically reauthorized, and at times has chosen to revise trade negotiation objectives, the consultative mechanism, and presidential notification requirements. While early versions of fast track/TPA received bipartisan support, later renewal efforts have been more controversial, culminating in a more partisan vote on the 2002 TPA renewal. Future debates on TPA renewal may center on trade negotiation objectives, congressional oversight of trade negotiations, trade agreement enforcement, and clarifying the congressional authority over approval of reciprocal trade agreements and trade policy more generally, among others. TPA renewal may become a more pressing issue in the 114th Congress because current trade negotiations on the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), and the Trade in Services Agreement (TISA) are in progress. Technically, TPA is not necessary to begin or even conclude trade negotiations, but it is widely understood to be a key element of defining congressional authority, and of passing trade agreement implementing legislation. Therefore, its renewal can be construed as signaling serious congressional support for moving ahead with trade negotiations. Addressing congressional concerns over the definition and operation of TPA may be a central part of the debate. Although there appears to be support for renewal of TPA in Congress, the details of the legislation are likely to be subject to considerable debate, including the specific treatment of any related TAA program reauthorization. This report presents background and analysis on the development of TPA, a summary of the major provisions under the expired authority, and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores some of the policy options available to Congress.
Author: United States Government Accountability Office Publisher: Createspace Independent Publishing Platform ISBN: 9781976381461 Category : Languages : en Pages : 98
Book Description
Congress granted the President Trade Promotion Authority (TPA) to negotiate agreements, including free trade agreements (FTA) in 2002. TPA stipulated negotiating objectives and procedural steps for the administration, including consulting with Congress and trade advisory committees. TPA lapsed in July 2007 amidst questions about its use. GAO was asked to review: (1) What FTAs have been pursued under TPA and why? (2) Overall, what is the economic significance of these agreements for the United States? (3) What is the nature of the consultation process for Congress and how well has it worked in practice? (4) What is the nature of the consultation process for trade advisory committees, and how well has it worked in practice? GAO interviewed staff of the Office of the U.S. Trade Representative (USTR), the International Trade Commission (ITC), congressional committees with jurisdiction, trade advisory committees, and others, and reviewed USTR documents.
Author: William H. Cooper Publisher: DIANE Publishing ISBN: 1437931774 Category : Languages : en Pages : 24
Book Description
This report provides analysis of U.S. trade policy including factors that make up the current economic and political climate, grade issues, the depate over U.S. trade policy. It concludes with an examination of some of the options available to Congress and the pros and cons of each.
Author: Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The United States is in the process of considering a number of trade agreements. In addition, the 111th Congress may address the issue of trade promotion authority (TPA), which expired on July 1, 2007. These agreements range from bilateral trade agreements with countries that account for meager shares of U.S. trade to multilateral negotiations that could affect large numbers of U.S. workers and businesses. During this process, Congress likely will be presented with an array of data estimating the impact of trade agreements on the economy, or on a particular segment of the economy. An important policy tool that can assist Congress in assessing the value and the impact of trade agreements is represented by sophisticated models of the economy that are capable of simulating changes in economic conditions. These models are particularly helpful in estimating the effects of trade liberalization in such sectors as agriculture and manufacturing where the barriers to trade are identifiable and subject to some quantifiable estimation. Barriers to trade in services, however, are proving to be more difficult to identify and, therefore, to quantify in an economic model. In addition, the models are highly sensitive to the assumptions that are used to establish the parameters of the model and they are hampered by a serious lack of comprehensive data in the services sector. Nevertheless, the models do provide insight into the magnitude of the economic effects that may occur across economic sectors as a result of trade liberalization. These insights are especially helpful in identifying sectors expected to experience the greatest adjustment costs and, therefore, where opposition to trade agreements is likely to occur.
Author: United States. Government Accountability Office Publisher: Nova Science Pub Incorporated ISBN: 9781604563931 Category : Business & Economics Languages : en Pages : 107
Book Description
This book reviews what FTAs have been pursued under TPA and why Overall, what is the economic significance of these agreements to the United States? What is the nature of the consultation process for Congress and how well has it worked in practice? What is the nature of the consultation process for private sector trade advisory committees and other stakeholders, and how well has it worked in practise?
Author: J. F. Hornbeck
Author: J. F. Hornbeck
Author: Congressional Research Congressional Research Service
Author: William H. Cooper
Author: Congressional Research Congressional Research Service
Author: United States Government Accountability Office
Author: William Gary Dauster
Author: United States. President (2001-2009 : Bush)
Author: William H. Cooper
Author: 
Author: United States. Government Accountability Office