Fast-Track Legislation Not on the Fast-Track in Congress
Before moving forward on Trade Promotion Authority legislation - the new Senate Finance Chairman wants to talk with his Democratic colleagues. Oregon Democrat Ron Wyden wants to address how the global marketplace has changed since the last TPA bill was approved in 2002 and factor that into any legislative mechanism. According to Wyden - his colleagues want a chance to talks about these issues and examine the changes in global commerce. He says that's what it's going to take to forge a bipartisan measure that can make it through Congress - giving other legislators a chance to come into the debate and having more transparency in the discussion. Former Finance Chairman Max Baucus - recently confirmed as the U.S. Ambassador to China - had crafted a TPA bill with Finance Ranking Member Orrin Hatch and House Ways and Means Chair Dave Camp. The bill would smooth passage of trade deals by giving lawmakers an up-or-down vote on trade agreements. But Wyden is advocating a more measured approach and says he will give his colleagues a chance to talk about the issues, talk with the administration and go from there.
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