SBA Administrator’s Statement on Senate Passage of Trade Promotion Authority Legislation

Release Date: 
Friday, May 22, 2015
Release Number: 
Miguel Ayala (202) 205-6420

WASHINGTON – U.S. Small Business Administrator Maria Contreras-Sweet issued today a statement on the passage of the Trade Promotion Authority (TPA) legislation in the United States Senate.

"On Friday night, the Senate voted to open new markets for America’s small businesses. This was a ‘yes’ vote for the United States to negotiate new agreements that will lower tariffs for small businesses, which create two out of three net, new jobs in our economy.

This was also a ‘yes’ vote to increase workers’ wages, because businesses that export their products and services pay more. Ninety-six percent of the world’s consumers live outside of our borders -- the Senate took an important step toward making it easier for our small businesses to reach them. I hope the House of Representatives moves quickly in support of TPA as well."