Finance leaders, most members: IPEF requires congressional approval

The Indo-Pacific Economic Framework for Prosperity requires congressional approval, the leaders and most members of the Senate Finance Committee told President Biden on Thursday. Chair Ron Wyden (D-OR) and ranking member Mike Crapo (R-ID) joined with 19 panel members from both parties in sending Biden a Dec. 1 letter asserting congressional authority over trade agreements – even those that, like IPEF, are not comprehensive deals focused on market access. “There is no question that comprehensive free trade agreements that include...