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Committee on Ways and Means

For Immediate Release
Contact: Press Office 202-225-8933
October 3, 2001

Bipartisan Compromise Reached on Trade Promotion Authority

WASHINGTON – This afternoon, Democrats and Republicans will introduce a bipartisan compromise to provide President Bush with the authority to negotiate agreements that reduce barriers to international trade.

Trade promotion authority – previously known as "fast-track" – lapsed in 1994, and has not since been renewed. The authority grants the President flexibility in negotiating trade deals, while retaining the right of Congress to vote an agreement down if it does not approve.

What: Bipartisan Press Conference on Trade Promotion Authority

When: October 3, 2001 at 2:00 p.m.

Where H-137, U.S. Capitol

Who: Rep. Bill Thomas (R-CA)
Rep. Phil Crane (R-IL)
Rep. Cal Dooley (D-CA)
Rep. John Tanner (D-TN)

For a copy of H.R. 3005, click here.

Summary of Provisions of H.R. 3005

Summary of Agricultural Provisions of H.R. 3005

Summary of  Consultation with Congress Provisions of H.R. 3005

Summary of Labor and Environment Provisions of H.R. 3005