Senate squashes amendment to limit trade assistance


Sen. Orrin HatchOrrin HatchInternet companies dominate tech lobbying Senate panel approves pension rescue for coal miners Overnight Tech: GOP says internet fight isn't over | EU chief defends Apple tax ruling | Feds roll out self-driving car guidelines | Netflix's China worries MORE’s (R-Utah) amendment would have mandated that trade with foreign countries be a “substantial” factor for a worker who lost his job in order to receives Trade Adjustment Assistance (TAA) instead of a contributing factor as the law currrently requires.

Prior to the vote Hatch said his amendment was designed to prevent TAA from becoming “another out-of-control spending program.”

Sen. Ron WydenRon WydenOvernight Finance: McConnell offers 'clean' funding bill | Dems pan proposal | Flint aid, internet measure not included | More heat for Wells Fargo | New concerns on investor visas US wins aerospace subsidies trade case over the EU Wells CEO Stumpf resigns from Fed advisory panel MORE (D-Ore.), however, came to the floor and countered that the Senate shouldn’t limit assistance to the unemployed while the economy is in such a dire condition.

“The Hatch amendment would make it harder for… companies and farmers to obtain TAA and be better positioned to compete in the global economy." he said.