Leaders on the Senate Finance Committee introduced a bill Thursday to the give the White House Trade Promotion Authority that some say could seal the deal on the 12 country Trans Pacific Partnership agreement.
Committee Chair Orrin Hatch introduced the bill with ranking member Ron Wyden, and House Ways and Means Chairman Paul Ryan.
Agriculture Secretary Tom Vilsack, U.S. Trade Ambassador Michael Froman and Treasury Secretary Jacob Lew testified before the committee on Thursday.
The hearing highlighted disagreement among Democrats about TPA and the process to move it forward.
Senator Charles Schumer of New York railed on the fact that the hearing was being held on a bill that had not been unveiled yet.
Meanwhile, Country of Origin Labeling – or COOL – came up for discussion during the hearing. Senate Ag Committee Chair Pat Roberts indicated to Secretary Vilsack that the committee would make required changes to avoid retaliatory trade measures Canada and Mexico due to rulings from the World Trade Organization.
Past Committee Chair Debbie Stabenow echoed those thoughts.
Iowa Senator Charles Grassley posed a question to the Ag Secretary.
The response from Ag Secretary Tom Vilsack.
A World Trade Organization dispute panel is currently reviewing the legality of the amended COOL regulations. A WTO compliance report is expected in May.Share