Trade Promotion Authority (Fast-Track Authority for Trade Agreements): Background and Developments in the 107th Congress [Updated November 16, 2001] [open pdf - 132KB]
"One of the major trade issues in the 107th Congress will be whether or not Congress approves trade promotion authority (formerly called fast-track authority) for the President to negotiate trade agreements with expedited procedures for implementing legislation. Under this authority, Congress agrees to consider legislation to implement the trade agreements (usually nontariff trade agreements) under a procedure with mandatory deadlines, no amendment, and limited debate. The President is required to consult with congressional committees during negotiation and notify Congress before entering into an agreement. [...] On October 3, Ways and Means Chairman Thomas introduced H.R. 3005. This bill was reported out of the House Ways and Means Committee (H.Rept. 107-249, Part 1) on October 16, 2001. On October 4, Representative Rangel, Ways and Means Ranking Member, and Representative Levin, Ranking Member on the Ways and Means Subcommittee on Trade, released their own proposal, H.R. 3019. That bill was rejected by the Ways and Means Committee on October 9 by a 27- 12 vote. On October 11, Senator Baucus, Chairman of the Senate Finance Committee, gave a major speech outlining his position on fast-track legislation. It is uncertain when the Senate might act on any legislation. On November 16, House Majority Leader Armey announced that the House would vote on TPA legislation (H.R. 3005) on December 6. No definite action in the Senate has been announced."
CRS Issue Brief for Congress, IB10084
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