H.R. 1314 – Trade Promotion Authority
Congressman McClintock today delivered the following remarks in support of HR 1314 – Trade Promotion Authority.
HR 1314 – Trade Promotion Authority
June 12, 2015
Trade means prosperity. In any trade, both sides go away with something of greater value to themselves – or the trade wouldn’t take place. More markets for American products mean more jobs and higher wages for American workers. More products entering our economy mean more consumer choices and lower prices.
Trade agreements make trade possible. But the authority to effectively negotiate trade agreements lapsed years ago, handicapping America ever since.
This is not some new power: it just restores the same negotiating process that has served us well since the 1930’s.
Many confuse the TPA with the TPP – a trade agreement that hasn’t even been finalized. IF it is finalized, this bill assures it will meet 150 congressionally mandated conditions and be available for every American to read for at least 60 days before Congress votes to approve or reject it.
TPA tells world markets: America is back.