Contact: Ryan Baldwin (202) 249-6517  

WASHINGTON (June 12, 2015) - Following on the heels of a Senate vote to approve the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), the U.S. House today voted to pass legislation that would grant President Obama Trade Promotion Authority (TPA). The American Chemistry Council (ACC) issued the following statement:

"ACC applauds House and Senate leaders for joining the vast majority of Americans that say they would vote 'yes' to trade promotion authority. We now urge the House to resolve the remaining procedural hurdles to ensure that the bill can be sent to the President for signature.

"For months, ACC and our  members have worked with leaders in the House and Senate to illustrate how TPA could help unleash massive growth potential for U.S. chemical exports. We are already one of the nation's leading export industries, surpassing $190 billion in chemical exports in 2014. We estimate that number could grow to $282 billion by 2019 due to the competitive impact of increased supplies of natural gas, even before any new trade deals are completed.

"With TPA in place, U.S. trade negotiators will be in a stronger position to see historic free trade agreements, like the Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP), cross the finish line. TPA is an important administrative and substantive tool to broaden global market access of U.S. goods and services and resolve long-overdue trade issues limiting manufacturing growth in the United States and around the world.

"ACC looks forward to continuing to work with Congress, the Administration and our coalition partners to secure the completion of groundbreaking trade deals like TPP and TTIP that will demonstrate U.S. leadership and provide a significant boost to the American economy."

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