AGRIBUSINESS: Both Parties Have Concerns About TPA

Trade Promotion Authority (TPA) is granted to the President by Congress, and lets the executive branch broker trade deals that Congress can pass or reject, but not amend.

House Minority Whip Steny Hoyer says granting it to the president now will be difficult. Hoyer says that's because both parties have serious areas of concern about trade promotion authority.

Senate Majority Leader Harry Reid has made clear he has no immediate plans to move TPA legislation out of the Senate finance committee. California Democrat Congressman Xavier Becerra says his party supports free trade so long as it's also fair.

Hoyer says he's in talks with Democrat negotiators to reach a deal, but says Republicans are also split on granting TPA.

Filed in: Agribusiness


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