Obama Hails Passage of Trade Bills
President Barack Obama hailed recent Congressional action on trade legislation in remarks on June 25, following a critical House vote that capped months of intense Capitol Hill wrangling on trade. The House overwhelmingly supported the package, which includes renewals for…
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the Generalized System of Preferences, the African Growth and Opportunity Act and Trade Adjustment Assistance. “This week's votes represent a much-needed win for hardworking American families,” said Obama. “I look forward to signing these bipartisan bills into law as soon as they reach my desk.” Many trade supporters expect the U.S. to now step up focus on closing Trans-Pacific Partnership talks. Obama didn’t mention the 12-nation pact directly, but said TPA will help the U.S. “write the rules of our global economy.” Lawmakers now are likely to head to conference over Customs Reauthorization, but that bill is now legislatively disconnected from TPA and the trade package.