Lawmakers passed the Bipartisan Congressional Trade Priorities & Accountability Act (TPA 2015) on Wednesday.
Senate Finance Committee Chairman Orrin Hatch (R-Utah), who authored the bill along with Finance Committee Ranking Member Sen. Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Paul Ryan (R-Wis.), noted that Washington had not acted on trade policy of this magnitude in nearly 15 years. “The Senate took historic action and delivered a strong win for the American people and the future of the nation’s economy,” he said. “This bipartisan legislation meets the demands of the 21st-century global economy. It empowers Congress and the American people with a strong voice in international trade negotiations, maximizes dialogue among stakeholders, and helps secure high-standard trade pacts that will benefit American workers and job creators."
The bill, which has been supported by job creators throughout Utah, passed 60-38.
“With Trade Promotion Authority back in our trade arsenal, we can continue as the premier leader on global trade and open more international markets for American farmers, ranchers, and businesses. These new opportunities will mean better jobs, bigger paychecks, and a healthier economy here at home. I commend Chairman Ryan and Senator Wyden for their tireless work on this vital issue. These results today are a reflection of true bipartisan compromise. By working together, we were able to get this bill across the finish line and to the President’s desk to be signed into law.”