On the recordMay 21, 2015
I can report there has been an all-night effort to try to work out this issue to bring parties together, particularly around our colleagues being able to offer more amendments, and on the issue of the Export-Import Bank--something I favor very strongly, and Senator Cantwell makes a very important point that we have trade agreements, but it is also important to have financing tools, which is what the Export-Import Bank is all about. So we have been working throughout the night trying to address both of those issues, Export-Import Bank and the question of our colleagues being able to offer more amendments. When you hear the words ``TPA'' and ``TPP,'' it sounds like a company that has been through too many mergers, but the fact is these terms are enormously important to America's economic future. Our markets are basically open. Many countries hit us with double- and triple-digit tariffs on our exports. Export jobs often pay better than the nonexport jobs do because there is a lot of value added in the process. The vote today will begin the efforts to replace the outdated trade rules of the 1990s with a modern set of trade rules that can help America get more of those good-paying jobs. When you talk about international trade, the first thing you have to focus on is the estimate is, in the developing world, there are going to be about 1 billion middle-class consumers.…





