Senate panel approves trade bill

Senate panel approves trade bill
The Senate Finance Committee on Wednesday approved a bill that would streamline passage of global trade deals through Congress. 
 
The panel approved, on a 20-6 vote, a long-awaited trade promotion authority (TPA) measure with the support of seven Democrats, sending the measure to the Senate floor, where it will face another tough test in the coming weeks. 
 
The Democrats who voted to approve were Sens. Ron WydenRonald (Ron) Lee WydenHillicon Valley: GOP lawmakers offer election security measure | FTC Dem worries government is 'captured' by Big Tech | Lawmakers condemn Apple over Hong Kong censorship Lawmakers condemn Apple, Activision Blizzard over censorship of Hong Kong protesters Hillicon Valley: Zuckerberg defends handling of misinformation in political ads | Biden camp hits Zuckerberg over remarks | Dem bill would jail tech execs for lying about privacy | Consumer safety agency accidentally disclosed personal data MORE (Ore.), Maria CantwellMaria Elaine CantwellOvernight Energy: Trump administration issues plan to reverse limits on logging in Tongass National Forest| Democrats inch closer to issuing subpoenas for Interior, EPA records| Trump's plan to boost ethanol miffs corn groups and the fossil fuel industry Trump administration issues plan to reverse limits on logging in Tongass National Forest Zuckerberg defends meetings with conservative politicians, pundits MORE (Wash.), Ben CardinBenjamin (Ben) Louis CardinDemocrats vow to push for repeal of other Trump rules after loss on power plant rollback Senate Democrats aim to repeal rules blocking Trump tax law workarounds Congress briefed on Iran after Saudi oil attacks MORE (Md.), Bill NelsonClarence (Bill) William NelsonBottom Line Bottom Line Media and candidates should be ashamed that they don't talk about obesity MORE (Fla.), Tom CarperThomas (Tom) Richard CarperInstead of raising the gas tax, stop wasting money on frivolous projects To stave off a recession, let's pass a transportation infrastructure bill Overnight Energy: Trump tweets he's revoking California's tailpipe waiver | Move comes as Trump visits state | California prepares for court fight | Climate activist Greta Thunberg urges lawmakers to listen to scientists MORE (Del.), Mark WarnerMark Robert WarnerLawmakers set to host fundraisers focused on Nats' World Series trip The Hill's 12:30 Report: Washington mourns loss of Elijah Cummings Lawmakers from both sides of the aisle mourn Cummings MORE (Va.) and Michael BennetMichael Farrand BennetThe Hill's Campaign Report: Biden camp faces new challenges Bennet reintroduces bill to ban lawmakers from becoming lobbyists Schumer seeks focus on health care amid impeachment fever MORE (Colo.).
 
 
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In the most contentious vote of the day, Sens. Rob PortmanRobert (Rob) Jones PortmanOvernight Defense — Presented by Boeing — Pence says Turkey agrees to ceasefire | Senators vow to move forward with Turkey sanctions | Mulvaney walks back comments tying Ukraine aid to 2016 probe On The Money: Senate fails to override Trump veto over border emergency | Trump resort to host G-7 next year | Senators to push Turkey sanctions despite ceasefire | McConnell tees up funding votes Senate fails to override Trump veto over emergency declaration MORE (R-Ohio) and Debbie StabenowDeborah (Debbie) Ann StabenowPoll shows Sen. Gary Peters with slim lead over GOP rival in Michigan Republican challenger to Gary Peters in Michigan raises over million USDA nixes release of multiple reports over researcher exodus MORE (D-Mich.) lost their bid — on an 11-15 vote — to include an amendment in the legislation that would have required the White House to include enforceable currency manipulation provisions in international trade agreements. 
 
Five Democrats — Cantwell, Nelson, Carper, Bennet and Warner — and 10 Republicans opposed the amendment.
 
Portman, a former U.S. trade representative, said the amendment was needed because the “playing field is tilted against us” and it would “allow our workers to compete.”
 
Stabenow argued the Obama administration’s process is “just not enough” to convince countries to make faster progress toward market-driven exchange rates.  
 
After markup, Portman said he will make another attempt at passing the rule in floor debate.
 
The White House has argued that requiring the addition of currency provisions would derail negotiations on the Trans-Pacific Partnership (TPP) and likely jeopardize its passage in Congress. 
 
A Treasury official told the panel the department is “very concerned” adding currency rules to a fast-track measure would be counterproductive and possibly disrupt continuing negotiations. 
 
“We have serious concerns about the inclusion of enforceable currency provisions in this or any trade agreement,” Treasury Secretary Jack LewJacob (Jack) Joseph LewHogan urges Mnuchin to reconsider delay of Harriet Tubman bill Mnuchin says new Harriet Tubman bill delayed until 2028 Overnight Finance: US reaches deal with ZTE | Lawmakers look to block it | Trump blasts Macron, Trudeau ahead of G-7 | Mexico files WTO complaint MORE told the House Ways and Means Committee on Wednesday afternoon.
 
Lew has repeatedly asked Congress to tread lightly in pushing for provisions that could, in the end, do more to hurt U.S. workers than help.
 
“Enforceable currency disciplines would impair our already-successful efforts addressing currency practices through our bilateral and multilateral engagement and could grant other countries a legal basis to interfere with the flexibility of U.S. policymakers to take the steps necessary to protect jobs, support growth, and ensure continued price stability in the United States,” Lew said.  
 
In a letter to senators Tuesday, Lew said other trading partners “have made clear that they will not support the introduction of enforceable currency provisions in the context of trade agreements, and specifically, the TPP.”
 
 
“We’ve come a long way, and while I know the sincerity behind it, I think it makes it very difficult to carry this bill through,” Hatch said.
 
Wyden, the Senate Finance Committee ranking member, said the amendment runs the risk of putting the United States on the side of creating rules for global monetary policy and is “a bridge too far.” 
 
The contentious fast-track legislation has splintered congressional Democrats and put them at odds with President Obama and his bid to push through his trade agenda before he leaves office. 
 
The bill gives Congress an up-or-down vote on trade agreements and doesn’t allow amendments, a process that ensures trading partners that pacts won’t be changed on Capitol Hill. 
 
The Obama administration says the 12-nation TPP would shore up the U.S. economic and strategic presence in the Pacific Rim.
 
“If you want to have influence in Asia you have to pass this TPA bill to ensure that you get a good TPP,” Hatch said.
 
During the markup, Hatch warned lawmakers “to be careful not to amend” the six-year measure, so it wouldn’t differ from the version brokered last week by Hatch, Wyden and House Ways and Means Committee Chairman Paul RyanPaul Davis RyanAmash: Trump incorrect in claiming Congress didn't subpoena Obama officials Democrats hit Scalia over LGBTQ rights Three-way clash set to dominate Democratic debate MORE (R-Wis.). 
 
The Ways and Means Committee is slated to mark up the bill Thursday. 
 
The committee also easily approved a Trade Adjustment Assistance bill on a 17-9 vote that Hatch and others say will have to pass each chamber simultaneously. 
 
The panel approved, by a voice vote, a package that includes the renewal of the African Growth and Opportunity Act, the Generalized System of Preferences and continuing trade benefits for Haiti.
 
The panel also approved on a voice vote a customs enforcement measure that Wyden said includes the “most robust trade enforcement provisions in decades.”
 
 
Although Portman-Stabenow failed to gain traction, the panel did approve two other currency amendments that were attached to the customs legislation. 
 
The first, on a 26-0 vote, was an amendment offered by Sens. Michael Bennet (D-Colo.) and Tom Carper (D-Del.) that would block a country that illegally manipulates its currency from participating in future trade agreements. 
 
The panel also easily approved an amendment, on an 18-8 vote, an effort led by Sen. Charles SchumerCharles (Chuck) Ellis SchumerTrump touts Turkey cease-fire: 'Sometimes you have to let them fight' Mattis responds to Trump criticism: 'I guess I'm the Meryl Streep of generals' Democrats vow to push for repeal of other Trump rules after loss on power plant rollback MORE (D-N.Y.) that would impose duties on products from countries that have lowered the value of their currency against the dollar. 
 
Seven Republicans and Cantwell opposed the Schumer amendment.
 
Notably, Schumer said that after consulting other lawmakers, he decided not to push to include the amendment in the fast-track bill.
 
The House and Senate customs bills are different, so there is no guarantee that the currency provisions will survive through the expected conference process. 
 
In a letter to lawmakers on Tuesday, Lew said the Obama administration opposes current legislation, which is similar to Schumer’s amendment, “that would use the countervailing duty process to address currency undervaluation.” 
 
“The legislation raises questions about consistency with our international obligations, and other countries might pursue retaliatory measures that could hurt our exporters,” he wrote. 
 
Schumer called currency manipulation the “most significant trade challenge this country faces.”
 
He said the Obama administration has sold the TPP as a geopolitical necessity to ensure that the United States doesn’t cede more ground to China in the region. 
 
“It also makes sense, that as part of the overall effort, we also should deal with China head on to show them we will not continue business as usual in our direct trade relations with them as well,” Schumer said. 
 
He argued that TPP alone won’t provide the United States with the tools it needs to combat this specific challenge of currency manipulation,” he said. 
 
“It’s time to do something that might solve this problem,” Schumer said. 
 
The panel approved only one amendment to the bill that would promote human rights to a principal negotiating objective. The amendment was authored by Cardin.
 
The panel also approved, on a 16-10 vote, an amendment by Sen. Robert MenendezRobert (Bob) MenendezPaul blocks Senate vote on House-passed Syria resolution House to vote on resolution condemning Trump's Syria pullback Rand Paul calls for probe of Democrats over Ukraine letter MORE (D-N.J.) that would not allow fast-track for certain countries on the State Department’s list of human traffickers. The list includes Malaysia, which is one of the TPP partners, according to Menendez’s office.
  
—This report was updated on April 23 at 11:33 a.m.