On June 9, Senate Finance Committee Chairman Ron Wyden (D-OR), Ranking Member Mike Crapo (R-ID), House Ways and Means Committee Chairman Jason Smith (R-MO) and Ranking Member Richard Neal (D-MA) introduced legislation that would approve the first trade agreement signed under the recently signed U.S.-Taiwan Initiative on 21st-Century Trade. The bill would require the administration to return to Congress for approval of subsequent rounds of the agreement, establishing rules on transparency and consultation for any future agreements negotiated under the Taiwan initiative.
Source EY
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