May Trade Legislative Update from Kelley Drye & Warren LLP

Four key bills were introduced in both the Senate and House in late April, including the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, also known as “trade promotion authority” or “fast track,” the Trade Adjustment Assistance Enhancement Act of 2015, the AGOA Extension and Enhancement Act of 2015 (which also includes extension of benefits provided under the Generalized System of Preferences and two programs benefiting Haiti), and finally, the Trade Facilitation and Trade Enforcement Act, which reauthorizes U.S. Customs and Border Protection, among other things. The Trade Promotion Authority (“TPA”) bill and Trade Adjustment Assistance (“TAA”) bill were combined, after the Senate failed to gain cloture on an earlier vote for consideration of TPA on its own. The same day the Customs and trade preference bills were passed, the Senate successfully obtained cloture (65-33) to proceed to debate on the combined TPA/TAA bill. More information is available at the link below.

Link to Kelley Drye Article