May 22 2015 -
WASHINGTON – The U.S. Senate voted in favor of bipartisan trade legislation this evening. U.S. Senator Deb Fischer (R-Neb.), a vocal proponent of free trade, voted for the bill, which will generate greater opportunities for American farmers, ranchers, and manufacturers. This legislation will allow producers to capture new markets and reach more consumers worldwide. The bill now goes to the House of Representatives for consideration.
Senator Fischer released the following statement this evening:
“Our nation has an enormous opportunity to open new markets, increase productivity, and create jobs through strong free-trade agreements. Today, the Senate passed bipartisan Trade Promotion Authority legislation ensuring that the United States will have a strong voice at the negotiating table. It also ensures that the unsung heroes of the American dinner table – including Nebraska’s farmers, ranchers, food processors, and their families – will be able to offer their products to the world.”
Nebraska leads the way in progress as a top producer and exporter of agriculture and manufacturing products. In 2013, Nebraska exported $7.3 billion in products tied to the agriculture and processing industries. Trade Promotion Authority (TPA) provides opportunities for Nebraskans, allowing them to tap into new markets and reach more consumers around the world.
TPA is an important trade tool that effectively combines Congress’s authority to regulate foreign commerce alongside the president’s authority to negotiate treaties. It reinforces the role of Congress to set negotiation priorities and requires the president to consult extensively with legislators throughout the entire process.
Through TPA, the United States will be able to complete the trade negotiations currently underway. This trade tool will provide American negotiators with the credibility they need to conclude trade agreements.
Click here to watch Senator Fischer’s April 23 floor speech on TPA.