On the recordSeptember 20, 2011
just before he leaves the floor, let me tell Senator Sessions how much I appreciate the kind words and enjoy working with him. We serve on the Budget Committee together and talk often about economic issues. I wish to tell my colleague that I look forward to working with him on tax and budget issues in the days ahead especially. Amendment No. 626 Mr. President, what I would like to do now is take just a couple minutes to talk about the amendment offered by the distinguished Republican leader, Senator McConnell, to extend trade promotion authority--what is known as TPA--for 2 years. I am certainly interested in working with the leader. Certainly, Chairman Baucus has made it very clear that he wants to continue to work on this issue. But I would oppose the McConnell amendment this afternoon, and I want to outline specifically why. The last time Congress passed trade promotion authority was in 2002, essentially almost one decade ago. The McConnell amendment would simply continue Congress's instructions that were formulated back then, as I said, almost one decade ago. But the fact is, the American economy has changed dramatically since TPA was adopted last, and the overseas trade barriers have changed dramatically. Yet the McConnell amendment simply hasn't kept up with the times. What I wish to do is outline a few examples of areas where we face very different economic challenges.…





