Senate Finance members: IRA-related trade deals require Congress’ approval

Several Senate Finance Committee members on Thursday expressed disapproval of the Biden administration’s plans to negotiate a new critical minerals-focused trade pact with the European Union – and, potentially, similar pacts with other partners – without seeking congressional consent, saying the administration is overstepping its authority. “I have got serious concerns about the administration's approach to implementing a portion of the Inflation Reduction Act that deals with sourcing critical minerals,” Senate Finance Committee Chair Ron Wyden (D-OR) told Treasury Secretary...