Senate Finance Committee Passes TPA; Bill Moves To Floor

The product of months of negotiations between Democrats and Republicans – Trade Promotion Authority and other trade bills advanced through the Senate Finance Committee – after an objection by one Democrat kept the panel from meeting for hours. Chairman Orrin Hatch called it an historic bill:
Hatch
Hatch says in a clear appeal to reluctant Democrats that lawmakers and the public will be able to review trade deals before they are signed. Top Finance Democrat Ron Wyden appealed to organized labor and other backers of his party:
Wyden
Ag Senator Chuck Grassley argues American agriculture also needs a level playing field in trade:
Grassley
Grassley also backed a bipartisan amendment to toughen TPA language targeted largely at China to stop countries from intentionally undervaluing currencies to make their export goods cheaper. The package of trade bills – facing time pressure from Trans Pacific trade talks – could hit the Senate floor soon.