Congress Unveils Trade Bill Boosting Obama’s Pacific Talks

Legislation sought by President Barack Obama to boost his trade agenda, including a deal with Pacific nations, was unveiled in Congress with key lawmakers agreeing on a compromise designed to win support from reluctant Democrats.

Senators Orrin Hatch, the Republican chairman of the Finance Committee that oversees trade policy, and Ron Wyden, the panel’s top Democrat, on Thursday introduced a bipartisan bill that would let the White House send Congress trade pacts for votes without amendment, known as trade promotion authority. Ways and Means Committee Chairman Paul Ryan, a Wisconsin Republican, introduced the bill in the House.