House Financial Services Chairman Casts Doubt on TPP Lame-Duck Ratification Prospects
House Financial Services Chairman Jeb Hensarling, R-Texas, on Nov. 8 said during a CNBC interview (here) that it will be difficult to pass Trans-Pacific Partnership implementing legislation during the upcoming lame-duck session of Congress, as both presidential candidates remained opposed…
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to the deal just before voters elected Donald Trump president. "We haven’t even seen the implementing legislation,” he said. “There are so many provisions that the Obama White House put in there that have nothing to do with opening up trade. We should be a great trading nation, but I’m not sure TPP makes the cut." Several lawmakers, including Senate Majority Leader Mitch McConnell, R-Ky. (see 1609300035), House Speaker Paul Ryan, R-Wis. (see 1609090013), and Sen. Jeff Flake, R-Ariz. (see 1609220036), have expressed doubts that Congress will ratify TPP during the final congressional session of President Barack Obama's tenure.