Posts Tagged ‘The Hill’
House aims to take up trade bill in September
A leading business coalition expects the House to take up a bill that would extend normal trade ties to Russia shortly after returning from the summer break.
The National Foreign Trade Council (NFTC) expects the House to hold a vote Sept. 12 on a bill that combines provisions providing permanent normal trade relations (PNTR) to Russia with human-rights legislation.
“If the House acts that early in September, there should be a good bit of momentum going forward in Senate,” Bill Reinsch, NFTC’s president told reporters Tuesday, on the eve of Russia joining the World Trade Organization.
Russia completes its accession to the World Trade Organization on Wednesday but Congress didn’t repeal the 1974 Jackson-Vanik provision, which would have provided normal trade relations between the two nations, before leaving for the August recess.
“Sen. [Harry] Reid hasn’t said anything about this in a very long time, but it would be big news if the House passes it on suspension, there would be a lot of momentum,” Reinsch said.
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Business groups headed to conventions to push lawmakers on Russia trade bil
Business groups will mount their next blitz on lawmakers to pass a bill normalizing trade with Russia at the upcoming party conventions.
The Business Roundtable and the U.S. Chamber of Commerce will head to the Republicans convention in Tampa and to the Democrats event in Charlotte to hammer home the need to pass legislation extending permanent normal trade relations to Moscow when they return to Washington next month.
“Through radio and print ads, media interviews and panel discussions, the BRT agenda to grow the U.S. economy, including PNTR with Russia, will be highlighted at the conventions,” said Tita Freeman, senior vice president for communications at the BRT.
The Chamber will blanket the conventions, as well.
“Yes, it will be on our agenda as well as we talk with members of Congress at both conventions,” said Blair Latoff, senior director of U.S. Chamber communications.
“With a severely attenuated congressional calendar for the fall, we will be encouraging Members to focus on key priorities, which includes finally passing Russia PNTR and allowing the trade benefits to begin to flow as soon as possible,” Latoff said.
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Business groups worry that Congress will leave Russia trade bill hanging
Business groups supporting Russian trade legislation are increasingly worried Congress will leave for its five-week recess before completing the measure.
If Congress does leave before removing Russia from the terms of the 37-year-old Jackson-Vanik law, U.S. exporters will be the ones that suffer, the groups say.
Russia in August is expected to join the World Trade Organization (WTO), a move that requires the United States to repeal Jackson-Vanik, a U.S. law originally aimed at encouraging the emigration of Russian Jews with the threat of higher tariffs on Russian products.
If the United States does not lift Russia from Jackson-Vanik, the world’s sixth-largest economy will be able to raise tariffs on U.S. goods under the WTO’s rules.
“This is a mess and it is why the USA Engage and the National Foreign Trade Council are urging this Congress and this president to get their act together right now and enact Russia PNTR [permanent normal trade relations],” Dan O’Flaherty, NFTC’s vice president, wrote in a Monday blog post.
“Otherwise, American companies will not have the advantages that our negotiators have spent 19 years gaining for them in the Russian market,” he wrote.
House and Senate committees have both approved legislation to graduate Russia from Jackson-Vanik, but they disagree over a human-rights bill that has become the price for moving the Russia trade legislation.
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OVERNIGHT MONEY: Russia bill teed up for House panel’s approval
Opening trade with Russia: The House Ways and Means Committee will mark up and, most likely, approve bipartisan legislation on Thursday to grant permanent normal trade relations (PNTR) to Russia.
Panel Democrats and Republicans agreed to push through a trade bill that mirrors the one approved last week by the Senate Finance Committee minus the human rights legislation.
That Senate bill got unexpectedly unanimous support for its measure that included the Magnitsky human-rights bill, which would punish Russian officials involved in the death of whistleblower Sergei Magnitsky, a lawyer who died in prison after reporting government corruption.
The House is expected to tack on the human-rights legislation in the Rules Committee before the measure heads to the floor.
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Business groups keep up pressure to pass Russia trade bill
Business groups are optimistic that Congress can clear legislation to normalize trade relations with Russia by next week, but intend to keep up the pressure until it’s done.
The Business Roundtable and the U.S. Chamber of Commerce said Wednesday that repealing Jackson-Vanik and extending permanent normal trade relations to Moscow would provide a boost to the sagging economy.
The bill is feeding off the momentum from the Senate Finance Committee, which unanimously approved a measure last week that combines the repeal language with the human-rights legislation that would punish Russian officials involved in the death of whistleblower Sergei Magnitsky, a lawyer who died in prison after reporting government corruption.
Bill Miller, senior vice president of government affairs of BRT, called last week’s 24-0 vote “unprecedented” and is hoping that the House Ways and Means Committee will approve its bipartisan bill on Thursday and send it to the floor early next week.
“It looks like we are very close to getting Russia PNTR done,” Milller told reporters.
Passage in the House would give the Senate a chance to clear the bill for President Obama’s signature before Russia joins the World Trade Organization on Aug. 22.
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Russia set to join World Trade Organization on Aug. 22
The countdown is on for Congress to normalize trade relations with Russia.
Moscow officially told the World Trade Organization (WTO) on Monday said it has ratified the accession package and is set to become the 156th member of the trade group on Aug. 22.
U.S. Trade Representative Ron Kirk said the “action marks a significant point in the evolution of the WTO and the global trading system.”
“Congress should continue to work on legislation regarding Jackson-Vanik and permanent normal trade relations for Russia so American businesses, workers and creators have access to the same benefits from Russia’s membership that their foreign competitors have.”
The House Ways and Means Committee is expected to hold a markup this week on a measure to repeal the Jackson-Vanik provision, an obsolete Cold War-era amendment that needs to be removed to normalize trade relations with Russia.
The House measure mirrors the language approved last week by the Senate Finance Committee, minus the human-right legislation that Chairman Max Baucus (D-Mont.) wrapped into the bill.
The so-called Magnitsky bill is expected to be tacked onto the House version in the Rules Committee before the bill heads to the floor.
Then the bill, which must pass the House first, would head to the Senate for clearance for President Obama’s signature.
Melding the trade and human rights bills has been opposed by the Obama administration and House Republicans but there was growing support on both sides of the Capitol to including the bill that would apply visa and financial sanctions on Russian officials involved in the death of whistleblower lawyer Sergei Magnitsky.
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Russian Ambassador Sergey Kislyak: On normal trade relations and the deficit of normalcy
Russia is about to formally enter the World Trade Organization. The State Duma and the Federation Council have both approved ratification documents, which were signed by the president of the Russian Federation on July 21, 2012. In August our country will become a full-fledged member of the WTO.
It took Russia 18 long years of intensive negotiations to settle all issues with the members of this global trade bloc. Accession to the organization is important for Russia as the largest economy outside the framework of the WTO. It is also potentially important for bilateral trade and economic cooperation with the United States.
To fully enjoy the benefits of Russia’s accession to the WTO, the United States will have to repeal the Jackson-Vanik amendment — a Cold War relic that used to bind bilateral trade to emigration restrictions in the former USSR. Failure to remove this obstacle will pose a problem for both Russian and American businesses. And, most probably, American companies will suffer more than ours.
But should we really have to measure who will suffer the most damage? Wouldn’t it be better to seek truly normal relations? While our countries are slowly moving in the right direction with regard to trade, political relations are still fragile and vulnerable to what I would call an extension of Cold War-era thinking.
The U.S. Congress is in the process of considering Permanent Normal Trade Relations, or PNTR, with Russia. This is something that should be welcomed, especially after so many years of absence of normalcy in our bilateral trade. In the meantime, the draft laws to achieve normalcy are bundled on Capitol Hill with legislation that has nothing to do with trade and would in fact deny normalcy in the relations between our countries. The so-called Magnitsky bill seems to be part of that bundle.
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Optimism grows Russia trade bill will pass before August recess
Optimism is rising among lawmakers and trade advocates that Congress can pass a Russian trade bill before the August recess.
The bill to normalize trade relations with Moscow, which appeared hopelessly stalled before a Senate Finance Committee markup, found new life after winning unanimous support among panel members following an agreement crafted by Chairman Max Baucus (D-Mont.) and top Republican Orrin Hatch of Utah.
While actions last week — moving the joint trade and human rights bill through Senate Finance and locking in a bipartisan deal in the House — provide greater hope that Congress can get a bill to President Obama’s desk before Russia joins the World Trade Organization next month, lawmakers are running short on time.
“I remain confident this will get done by the August recess,” Christopher Wenk, head of international policy at the U.S. Chamber of Commerce told The Hill on Friday.
“The Chamber won’t let Congress leave town without getting it done.”
The broad support in the Senate Finance Committee for a bill that combines the repeal of the 37-year-old Jackson-Vanik provision to grant permanent normal trade relations (PNTR) with a measure that punishes Russian officials involved in the death of whistleblower lawyer Sergei Magnitsky seemed to simultaneously surprise trade watchers and pave the way for a final resolution.
Although the chances for the bill to clear Congress are looking up, and the measure represents a bright spot amid the legislative logjam in Congress, there are no guarantees, supporters caution.
“Based on what I’ve been hearing, I wouldn’t say that they’re [lawmakers] confident about getting it done before the August recess,” said Ed Gerwin, a senior fellow for trade and global economic policy at Third Way.
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Senate Finance poised to approve Russia trade bill
Senators were poised Wednesday to clear the first hurdle to extend permanent normal trade relations to Russia, but plenty of uncertainty remains.
The Senate Finance Committee is expected to easily approve a measure combining a repeal of Jackson-Vanik, an obsolete Cold War-era provision, along with a human-rights measure that would punish Russian officials involved in the death of lawyer Sergei Magnitsky, who died in prison.
“By enacting PNTR together with the Magnitsky bill, we are replacing Jackson-Vanik with legislation that addresses the corruption and accountability issues that Russia confronts today,” Senate Finance Chairman Max Baucus (D-Mont.) said.
The show of bipartisan support — Baucus and ranking member Orrin Hatch (R-Utah) hammered out the compromise — could boost the bill’s chances of getting through Congress before lawmakers leave for a month-long August recess.
Russia is on track to join the World Trade Organization next month. All that is left for its accession is for President Vladimir Putin to sign the package, which passed through Russia’s upper chamber on Wednesday. Once Putin signs, the clock begins ticking, and Russia will become a member of the WTO within 30 days.
Still, there are plenty of pieces in play with no resolution in sight.
Lawmakers are divided over whether to pass a clean measure repealing the 1974 Jackson-Vanik amendment, while also holding Russia accountable for what lawmakers say is a dismal human-rights record.
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