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House Needs to Get Trade Promotion Authority Across Finish Line

Posted by John Neuffer, President & CEO on Jun 12, 2015 5:00:00 PM

SIA is encouraged the House of Representatives today voted in favor of Trade Promotion Authority (TPA) on a bipartisan basis, but we are disappointed it failed to approve accompanying legislation that would allow TPA to be signed into law by the president. The failure to get TPA across the finish line is a missed opportunity to boost the United States’ economic strength and global competitiveness.

TPA facilitates free trade, economic growth, and the spread of innovation. TPA empowers U.S. trade negotiators to reach final agreements consistent with negotiating objectives laid out by Congress. Free trade is critical to the American economy, fostering the spread of innovation and commerce globally. Trade is especially important to the U.S. semiconductor industry, which relies on a global network of materials and equipment suppliers, R&D providers, and customers. Eighty-two percent of U.S. semiconductor sales are to customers overseas, and semiconductors are one of America’s top exports.

Failure to enact TPA would be a significant setback for growth and innovation in the semiconductor industry and across the U.S. economy. We urge House members to work together over the next few days to do what’s right for our industry, our economy, and our country by finally getting TPA across the finish line.

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Topics: trade, trade promotion authority

House Closing in on Decisive Vote on Trade Promotion Authority

Posted by John Neuffer, President & CEO on Jun 11, 2015 11:00:00 AM

With much at stake for the semiconductor industry, the U.S. economy, and our country’s standing in the world, the House of Representatives looks poised to vote this week on bipartisan Trade Promotion Authority (TPA) legislation. SIA has long advocated for TPA and yesterday joined a coalition of technology leaders asking the House to swiftly approve it. In April, the SIA Board of Directors sent a letter to congressional leaders expressing support for the legislation and urging its quick passage.

TPA makes it easier for U.S. negotiators to strike deals on free trade agreements because it provides the necessary assurance that an agreed-to deal will receive a simple up-or-down vote from Congress, which in turn means swifter and more productive negotiations with our trading partners.   

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Topics: trade, trade promotion authority

Senate Approval of TPA a Big Win for Semiconductor Industry, U.S. Economy

Posted by John Neuffer, President & CEO on May 26, 2015 10:30:00 AM

On Friday night, the U.S. Senate approved bipartisan Trade Promotion Authority legislation that would foster free trade, promote job creation, and spur growth in the semiconductor industry and throughout the U.S. economy. SIA applauds the Senate for passing this much-needed legislation and urges the House of Representatives to move quickly to do the same.

The legislation was introduced in April by Senate Finance Committee Chairman Orrin Hatch (R-Utah), Ranking Member Ron Wyden (D-Ore.), and House Ways and Means Committee Chairman Paul Ryan (R-Wis.), and would empower U.S. trade negotiators to reach final agreements consistent with negotiating objectives laid out by Congress. It would also make our trading partners more likely to negotiate freely with the assurance that final agreements may be voted on by Congress without amendment.   

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Topics: trade, trade promotion authority

Congress Should Approve Trade Promotion Authority Legislation

Posted by John Neuffer, President & CEO on Apr 23, 2015 10:00:00 AM

This week, House and Senate committees are considering the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), legislation that would enable free trade agreements, strengthen the U.S. semiconductor industry, and promote job creation and growth throughout the U.S. economy. The Senate Finance Committee approved the bill late yesterday with bipartisan support, and the House Ways and Means Committee is expected to vote on it today. SIA strongly supports this legislation and urges Committee members to approve it.  

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Topics: trade, trade promotion authority