While most of the Congressional trade debate has centered around whether to renew Trade Promotion Authority (so-called “fast track” authority) and the merits of the Trans-Pacific Partnership, the full package of trade measures is contained in a trio of bills: the Trade Act of 2015, the Trade Preferences Extension Act of 2015, and the Trade Facilitation and Trade Enforcement Act of 2015. The first two are ready to be signed by the President. The third requires a Congressional conference to resolve differences between the versions passed by the House of Representatives and the Senate.
This client alert provides an overview of the key components of each of the three pieces of legislation.
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