1、www.crs.gov | 7-5700 January 13, 2014 Trade Promotion Authority (TPA) Overview What is TPA? Trade Promotion Authority (TPA), previously “fast track,” is the time-limited authority that Congress uses to set trade negotiating objectives, establish consultation requirements, and to have implementing bi
2、lls for certain reciprocal trade agreements considered under expedited procedures, provided certain statutory requirements are followed (see Figure 1). What is the current status? TPA expired as of July 1, 2007. On July 30, 2013, President Obama requested that Congress reauthorize TPA. On January 9,
3、 2014, legislation to reauthorize TPAthe “Bipartisan Congressional Trade Priorities Act of 2014was introduced in the House (H.R. 3830) and the Senate (S.1900). Current negotiations on the proposed Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Trade i
4、n Services (TISA), and the World Trade Organization (WTO) Doha Round agreements may require TPA to pass implementing legislation. Why TPA? The President has the authority to negotiate international agreements, including free trade agreements (FTAs), but the Constitution gives the U.S. Congress sole
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