Senate Finance Reports FTA Bills & Congress Votes on Oct 12, House also Votes on GSP/MPF Bill
On October 11, 2011, the Senate Finance Committee favorably reported the implementing legislation for the free trade agreements with Korea, Colombia, and Panama. Both the House and Senate are scheduled to debate and vote on the FTA implementing bills on October 12, 2011. The goal continues to be passage of the FTA implementing bills before Korean President Lee addresses a joint session of Congress on October 13, 2011. Passage of these bills by both the House and Senate is expected.
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Senate-Passed GSP/MPF/TAA Bill to also be Voted on by House on Oct 12
In addition, the House is scheduled to vote on the Senate-passed GSP/MPF/TAA bill on October 12, 2011. Passage of the GSP/MPF/TAA bill by the House is also expected.
(Both the KORUS implementing bill and the GSP/MPF/TAA bill include provisions to raise the MPF. See ITT's Online Archives 11101111, for summary of the Merchandise Processing Fee provisions in these bills. See ITT's Online Archives 11090818 for summary of Generalized System of Preferences provisions of the House-passed version of the GSP/MPF/TAA bill, which are also part of the Senate-passed version.)
(See ITT’s Online Archives 11100603 for summary of House Ways and Means mark-up of FTA implementing bills.)
Senate Finance Committee Chairman’s press release on the Committee's action available here