Tsukasa Buddha
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- Sep 10, 2006
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NAFTA 2.0 is facing a deadline unless Trump wants to face a showdown with Pelosi:
Linky.
Even without Pelosi blocking it, it still might not have enough votes.
Sen. Pat Toomey (R-Pa.), a leading member of the Senate Finance Committee, and a group of GOP allies are pushing President Trump to move a newly negotiated trade deal with Canada and Mexico through Congress before Democrats take over the House next year.
Toomey said the Trump administration needed to submit the final text of the deal to Congress by Friday if lawmakers are to have any chance of implementing it before Democrats assume the House majority.
Congress must wait 30 days after the administration submits the text before it can vote for the agreement under expedited rules set forth by Trade Promotion Authority (TPA).
Even if Trump sends the agreement to Congress by Friday, the soonest lawmakers could vote on implementing legislation would be Dec. 30.
If Trump fails to meet the deadline, the next Democratic Speaker — likely Rep. Nancy Pelosi (D-Calif.), a longtime skeptic of free trade — will decide whether the new trade deal with Canada and Mexico, known as the United States–Mexico–Canada Agreement (USMCA), will get a vote in the new Congress.
“Nancy Pelosi does not have a long track record of ratifying Republican free-trade agreements. We have seen this movie before. The Colombia agreement is a great example. She had it, TPA was in force, and she promptly passed a rule killing TPA. They never took it up. Never. She was the Speaker for years and it got ratified when she was no longer the Speaker,” Toomey said Wednesday morning.
Linky.
Even without Pelosi blocking it, it still might not have enough votes.