Mariel Saez 202-225-3130
WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the House voted on Trade Adjustment Assistance and Trade Promotion Authority:
“I have long supported lowering trade barriers, which helps American businesses and workers compete on a level playing field in overseas markets. With every trade agreement – and as a result of globalization, broadly – there are those who benefit in the short term and those who experience hardships. Congress has a responsibility to ensure that those hardships are mitigated as much as possible. That’s why I voted in favor of today’s Trade Adjustment Assistance legislation.
“However, I could not support Trade Promotion Authority today. Trade Promotion Authority legislation lays the foundation for how we approach trade policy as part of our overall economic strategy, and we cannot look at trade simply on its own. We must consider all the elements that affect American workers and jobs. While I believe that future trade agreements ought to be judged individually, when we consider Trade Promotion Authority we also need to take the steps necessary to make sure our economy is providing our workers with the tools they need to maximize the benefits from trade agreements.
“Our workers deserve policies that boost our competitiveness and place us at an advantage in global markets, making it easier for them to get ahead. They deserve a multi-year extension of the Export-Import Bank’s charter authority and a long-term reauthorization of the highway bill, both of which would help businesses access new markets and move goods to those markets more efficiently. We ought to be making investments in education and skills training, and we ought to be attracting the best and brightest innovators and entrepreneurs to help create jobs here in America. Furthermore, we need budget policies that invest in the research and development necessary to keep us at the forefront of innovation that leads to the creation of high-wage, advanced manufacturing jobs.
“Trade ought to be an area where the two parties can work together to forge a compromise. I hope that Congress can work with the President to make the investments we need to build an economy that is strong and craft trade policies that help our workers compete in the global marketplace.”