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Lawmakers today unveiled Trade Promotion Authority (TPA) legislation to help Americans sell their goods and services to 95% of the world's customers living outside our borders.
Under the Constitution, Congress has the authority to regulate international trade, while the President has authority to negotiate with foreign governments. TPA builds on this constitutional partnership by requiring the executive branch to consult extensively with Congress during negotiations while assuring U.S. trading partners that agreements will receive an up-or-down vote.
As noted by the U.S. Chamber's President and CEO Tom Donohue, "to secure new growth-creating trade pacts such as the trans-Pacific and trans-Atlantic agreements now under negotiation, Congress must first approve TPA."
Here are 10 reasons this legislation deserves bipartisan support: