Thursday, June 30, 2011
Mockup on FTAs Face Onslaught of Amendments
The amendments range from proposals that enjoy considerable support in the business community (e.g., the Affordable Footwear Act) to many that are widely opposed.
Regardless of the views of a given association or company on any particular amendment, it is widely believed that approval of an amendment could significantly complicate the approval process for the FTAs. The U.S.-Korea FTA Business Coalition believes amending the implementing bills could seriously undermine passage of the agreement.
Given the timing of the hearing and the amount of amendments, there a serious risk that the Senate Finance Committee Chairman will not have a quorum present and that this could significantly delay consideration.
It is critical that Senators vote to approve the final implementing bill in order for these agreements to be ratified prior to the August recess. We are rapidly running out of time for Congressional consideration this summer and we can ill afford to miss this window of opportunity.
The lists of amendments and separate documents with the amendments are below:
• Amendments to Korea FTA
• List of Amendments of the Korea FTA
• Amendments to Colombia FTA
• List of Amendments of the Colombia FTA
• Amendments to Panama FTA
• List of Amendments of the Panama FTA