Posts Tagged ‘Corey Boles’
No House Vote on Bill to Lift Trade Barriers With Russia
House Republican leaders won’t bring legislation that would permanently lift trading restrictions with Russia before the congressional summer recess, a House Republican leadership aide said, delaying until the fall a debate on whether to lift one of the remaining Cold War-era economic barriers with the former American foe.
There had been a strong push to bring the legislation forward before the month-long recess begins next week. Ultimately the momentum fell short after several major labor unions, including the AFL-CIO, urged lawmakers to oppose the legislation in a concerted messaging effort last week.
The bill would permanently lift the Jackson-Vanik amendment, a measure that places trading restrictions on countries that seek to place controls on emigration. It initially became law in 1974 and was aimed squarely at Russia.
Since the end of the Cold War, the bill has been repealed annually by Congress. But with Russia set to join the World Trade Organization in August, the U.S. must permanently strike the measure from its books in order for American exporters to be able to compete for a larger share of Russian trade.
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Russia Trade Bill Set to Advance in U.S. Senate, But Passage by August Recess Uncertain
A Senate panel appears headed to back Wednesday the lifting of trade restrictions on Russia, but the White House faces an uphill battle in its effort to win congressional approval before its long-time geopolitical rival joins the World Trade Organization as expected next month.
Several senators and private-sector supporters of legislation to approve permanent, normal trade relations with Russia said the bill is likely to clear its first major hurdle, by winning the backing of the Senate Finance Committee.
But a number of senators cast doubt on whether Congress can pass the bill before lawmakers leave town in early August for recess, raising the risk that U.S. companies will be put at a competitive disadvantage in trying to win Russian business. Rising tensions with Russia over Syria, Iran and human rights issues are complicating passage, with senators of both parties looking to attach measures to the trade bill to punish Russian human-rights violators.
“I’m very concerned about the human rights abuses and the bad behavior of Russia,” said Sen. John Cornyn (R., Texas.) Still, he and Sen. Jon Kyl (R., Ariz.), the minority whip, predicted the Finance Committee would approve the bill.
“I think things are fairly well resolved, that the (trade bill) would be accompanied by the Magnitsky legislation,” said Mr. Kyl. He was referring to a measure, named after a Russian lawyer who died in prison after accusing Russian government officials of fraud, that would freeze assets and deny visas to Russian human-rights abusers.
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