On the recordMay 12, 2015
Mr. President, later today the Senate will vote on whether to proceed to a bill that was reported out of the Senate Finance Committee, on which I serve, the trade promotion authority legislation. What is so remarkable about this is that we are on the cusp here in the Senate of passing a major piece of legislation--bipartisan legislation on which a Republican majority in the Senate is working with a Democratic President to give him trade promotion authority--something that would be very good for our economy. If the Democrats in the Senate do not blow it, this could be a major hallmark achievement of this Congress. But my understanding is there is an effort on the other side now to prevent us from even getting on the bill to debate it. I hope that as Democrats contemplate that move, they will think long and hard about what they will be doing. Not only will they be undermining their own President, who is very much for this, but they will be hurting the American economy. Almost every President, literally back to FDR, has had trade promotion authority in which he has the ability to negotiate trade agreements with our trading partners in a way that Congress ultimately has to approve but in a way that expedites and gives the maximum amount of leverage to get the best trade agreement possible. We are taking up that legislation, hopefully, later today. But it is all going to depend on Senate Democrats and whether they want to proceed to this bill or not.…





