Wyden, Hatch

Vehicle for Trade Promotion Authority (H.R. 1314)

Senator Wyden: (4:45 PM)

  • Spoke on trade.
    • "Over the past few days Chairman Hatch and I have been working in a bipartisan and cooperative fashion to come up with a balanced package of amendments that can be voted on. I very much appreciate the work of the chairman and his bipartisan leadership, and particularly my northwest colleague, Senator Murray. It appears regrettable that we have come up short. But for the benefit of colleagues, I would like to propound a unanimous consent request that would be available on our side. These are amendments that I believe are important to the Senate to consider as part of this debate."

 

Senator Hatch: (4:53 PM)

  • Spoke on trade.
    • "As you know, as everybody should know, both the distinguished senator from Oregon and myself, we tried to work these amendments out, and we were unsuccessful. There were objections and, therefore, I apologize that we weren't able to do more. But cloture was invoked, and that's the rule, I guess. I want to urge my colleagues to vote in favor of the Hatch-Wyden amendment 1411. If adopted, our amendment would strengthen the negotiating objective in the T.P.A. bill relating to currency manipulation. Specifically it would provide our country with a multitude of tools to address currency manipulation in the context of free trade agreements including enhanced transparency, disclosure, reporting, monitoring, cooperative as well as enforceable rules. As we all know, this amendment is filed as an alternative to the Portman-Stabenow currency amendment and it is superior in a number of ways. I know that many of my colleagues are sincerely concerned about currency manipulation and want to do something to address this issue."