Bipartisan Trade Promotion Authority
Bipartisan Trade Promotion Authority (TPA) is a legislative procedure that allows the U.S. Congress to approve or reject trade agreements without making amendments. This authority is designed to streamline the negotiation process between the U.S. government and other countries, ensuring that trade deals can be finalized more efficiently. TPA requires that Congress receives the agreement for a set period, during which it can only vote to accept or reject the deal.
The TPA is often supported by both major political parties, hence the term "bipartisan." It aims to enhance the competitiveness of U.S. businesses in the global market while promoting economic growth. By providing a clear framework for trade negotiations, TPA helps facilitate international trade agreements, such as those involving the World Trade Organization or regional trade partnerships.