Skip to main content

Obama Signs Trade Promotion Authority Into Law

LESS THAN ONE WEEK AWAY! Join Sourcing Journal & industry leaders at our SOURCING SUMMIT NY on October 19 to discuss the most pressing issues of the day. Your business cannot afford to miss this!

President Obama sealed a legislative victory Monday when he signed two trade bills into law, one that will allow forward movement on pending trade deals and one that will provide trade preferences for nations that need it.

The president signed the Trade Promotion Authority (TPA), or fast-track bill—qhich which will allow him to send trade deals to Congress for yea or nay votes and no amendments—after a hotly debated campaign and opposition from his own party. The fast-track legislation is expected to accelerate the completion of the Trans-Pacific Partnership (TPP) agreement the U.S. is negotiating with 11 Pacific Rim nations.

Read more at Sourcing Journal.