CEOs Push Congress to Pass 'Updated' TPA in Lame-Duck
A coalition of industry CEOs urged congressional leadership to tackle Trade Promotion Authority in the lame-duck session in a Nov. 13 letter to the leadership squad (here). The Business Roundtable pushed the lawmakers to pass “updated” TPA, but made no…
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mention of a specific bill. A bipartisan group of House Ways and Means and Senate Finance Committee legislators introduced a TPA bill in January. Finance ranking member Orrin Hatch, R-Utah, co-introduced that bill, and he is now set to take over Finance following the Republican midterm landslide. Some analysts say current Finance Chairman Ron Wyden, D-Ore., privately proposed changes to that legislation in recent weeks (see 1411120045). The Business Roundtable letter also pressed the leadership squad to pass tax extenders. In the past, lawmakers have eyed extenders as a vehicle for trade legislation (see 14051620). Republican senators reelected Mitch McConnell to lead their party on Nov. 13, while Democrats also approved Harry Reid for the chief party post in the chamber despite some efforts to delay a vote (here).