Congress Likely to Delay Russian Trade Bill for a Month
Congress probably will delay action on legislation to ease U.S. trade relations with Russia until after that country joins the World Trade Organization next month.
The measure, sought by U.S. companies such as Caterpillar Inc. (CAT) (CAT), was approved by the House Ways and Means Committee on a voice vote yesterday. House Speaker John Boehner, an Ohio Republican, told reporters he doesn’t plan a vote next week on the measure because the House has a full schedule of other issues to consider.
With lawmakers scheduled to leave Washington next week for a monthlong recess, the delay would preclude enactment before Congress returns in September. Read more here.
Date: July 27, 2012