As this issue of the Trade & Manufacturing Alert was going to press, it was reported that the Administration and the Chairmen of the Senate Finance and House Ways and Means Committees had just reached a deal to renew Trade Adjustment Assistance (TAA), the last remaining obstacle to Congressional consideration of three pending Free Trade Agreements (FTAs) - with Korea, Colombia, and Panama. The Administration had insisted that it would not submit implementing legislation for the three FTAs unless such legislation also included provisions to renew TAA, the federal program designed to assist U.S. workers displaced by foreign imports. It remained to be seen if the deal struck between the Administration and the two Chairmen would be accepted by the leadership of both the Senate and the House. If so, it was expected that the implementing legislation for the three FTAs would be submitted by the Administration to Congress under special fast-track procedures, and perhaps even passed, sometime in July.
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Congressional consideration of pending FTAs now appears possible in July
- King & Spalding LLP
- Colombia, Panama, South Korea, USA
- July 1 2011
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