On Trade, Here’s What the President Signed into Law:
June 29, 2015
03:55 PM EDT
Congress passed two bills that will help rewrite the rules for our trade policy: Trade Promotion Authority and the Trade Preferences Extension Act, which includes Trade Adjustment Assistance. Today, President Obama signed them into law.
That’s a good thing, because as President Obama has said, past trade deals haven’t always lived up to the hype. Now, thanks to the new rules of the road laid out by Congress, our latest trade deal — the Trans-Pacific Partnership (TPP) — can put in place high, enforceable standards that reflect our values on the environment, on workers’ rights, on transparency, and more.
Here’s a quick look at the rules the President signed today and how they will help ensure American workers can benefit from the most progressive trade deal in history.