What is TPA? Trade Promotion Authority (TPA), previously “fast track,” is the time-limited authority that Congress uses to set trade negotiating objectives, establish consultation requirements, and to have implementing bills for certain reciprocal trade agreements considered under expedited procedures, provided certain statutory requirements are followed (see Figure 1).
What is the current status? TPA expired as of July 1, 2007. On July 30, 2013, President Obama requested that Congress reauthorize TPA. On January 9, 2014, legislation to reauthorize TPA—the “Bipartisan Congressional Trade Priorities Act of 2014—was introduced in the House (H.R. 3830) and the Senate (S.1900). Current negotiations on the proposed Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Trade in Services (TISA), and the World Trade Organization (WTO) Doha Round agreements may require TPA to pass implementing legislation.
Date of Report: January 13, 2014
Number of Pages: 2
Order Number: IF00002
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