As the country mourned the 15th anniversary of the September 11th attacks on Sunday, Congress returned to D.C. with a full agenda. On Monday, the Senate and the House both returned for the second of three scheduled legislative work weeks in September. The top priority for Congress is to pass a new spending bill to fund the government before the current spending bill expires on October 1. Senate, House, and administration budget negotiators have hinted that they are close to a deal to fund the government through December 9, which would avoid a government shutdown and include $1.1 billion dollars to combat the spread of the Zika virus. Once an agreement is reached both the House and the Senate are expected to act swiftly. No matter how the election in November plays out, the passage of another short term spending measure ensures that Congress will return for another lame duck session.
This Tuesday, September 20th, join AIADA for the first installment of our special Auto Talk Election Series featuring Congressman and auto dealer Mike Kelly. For more information and to register, please click HERE.
Now THIS is what you Auto Know Now…
In 2015, what percentage of green cars were sold by international automakers?
E) None of the above
Please click HERE to see What You Auto Know Now.
The Kaminsky Column: Think Auto Trade is Rigged? TPP is the Solution
In August, entrepreneur and author Michael Dunne published a piece in Forbes with the headline, “Trump Is Right about One Thing: Auto Trade with Asia Is Rigged, And U.S. Looks like a Dupe.” In it, he writes that America’s automotive trade policies are, “out of whack” and that the Trans-Pacific Partnership (TPP) would in no way improve matters.
As a second-generation auto dealer selling Hondas and Toyotas in Southern California, the article caught my eye. Dunne is not the first to suggest that U.S. auto trade with Asian nations is unbalanced, but with a presidential election around the corner and TPP hanging in the balance, I felt his views call for a response.
First, Asia is not a country and it has no trade policy. It’s a diverse continent made up of 48 independent nations, some with which we have trade agreements (South Korea, for example), some with which we have pending trade agreements (Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand are all part of TPP), and some with which we don’t (China is one). To conflate all of these countries and claim they are sabotaging our good-faith efforts to sell cars is demonstrably false.
To read more from AIADA Chairman Greg Kaminsky, visit our website by clicking HERE.
No Spending Deal Yet as Leaders Leave White House Meeting
President Barack Obama and congressional leaders appeared confident they soon will ink a deal to avoid a government shutdown, but neither side announced a final agreement on Monday.
Republican and Democratic leaders from both chambers met with Obama for about an hour in the Oval Office in a discussion that covered a wide range of issues. Senior lawmakers and White House aides are signaling that a stopgap funding bill lasting until Dec. 9 could hit the Senate floor later this week.
Obama told reporters he has “modest” hopes that leaders on both sides of Pennsylvania Avenue can find enough common ground to pass a continuing resolution before government funding expires, as well as tack on a section addressing federal efforts to curb the Zika virus outbreak.
“Even though I know that we’re in the midst of a political season and everybody is thinking about elections, there’s still business to be done and I was encouraged by some of the constructive work that’s being done right now,” Obama told reporters in the Oval Office, flanked by House and Senate leaders.
For more from Roll Call, please click HERE.
Hatch: TPP deal can get done in lame-duck session
Senate Finance Committee Chairman Orrin Hatch said Wednesday that Congress will pass a sweeping Asia-Pacific trade agreement before the end of the year.
The Utah Republican said he is working with the Obama administration to resolve several lingering issues that could ultimately pave the way for a vote on the Trans-Pacific Partnership (TPP) in the lame-duck session after the November elections.
"I think we're going to get it done in lame-duck," Hatch told The Hill.
First though, the White House needs to calm his concerns over the truncated length of patent protections for high-tech medicines called biologics, Hatch said.
Hatch and other pro-trade Republicans want 12 years of data exclusivity, which is the U.S. standard, whereas the TPP provides up to eight years.
To read more from The Hill, please click HERE.
In Trade News
A Vote Against Trade Is a Vote Against Growth [The Wall Street Journal]
Reichert: President Obama Must Rally Dems Around Pacific Trade Deal [The Hill]
Why TTIP Failure Would Be Damaging for Barack Obama [Newsweek]
In Auto News
The Battle Between Tesla and Your Neighborhood Car Dealership[The Washington Post]
Toyota’s Carter: Sky Isn’t Falling [Automotive News]
Mercedes Extends Global Luxury Sales Race Lead [Automotive News]
Thanks, Obama [The Washington Post]