NEWS BRIEF: Congress Advances USMCA

On Tuesday, the Senate Finance Committee approved the US Mexico Canada Agreement by a vote of 25-3. The Senate Budget Committee and Environment and Public Works Committee are expected to vote on the agreement early next week, followed by the Senate Commerce and Senate Health, Education, Labor, and Pensions Committees. Finally, the Senate Appropriations and Senate Foreign Relations Committees are expected to provide some form of approval or formal input before the agreement moves to the full Senate floor.

While the timeline for full Senate approval remains somewhat unclear at this time due to impeachment proceedings, the agreement is expected to be approved by the Senate by the last week of January. Mexico has already ratified the agreement, and Canada will likely begin its process to approve the agreement when Parliament meets later this month (January 27). There is a stipulation that the USMCA will enter into force 30 days after the President submits a notification to Congress that Mexico and Canada have taken the necessary measures to comply with the agreement. Thus, the USMCA is expected to go into force 30 days after the Canadian Parliament ratifies the agreement.

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