TPA is Critically Important to Creating American Jobs

McLernon: ‘TPA Is Critically Important’ to Creating American Jobs

WASHINGTON – In applauding Chairman Hatch, Senator Wyden and Chairman Ryan, Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in response to the introduction of the bipartisan Trade Priorities and Accountability (TPA) Act:

“Today’s announcement of a bipartisan agreement on TPA is an important demonstration of our nation’s support for a robust trade agenda.  Given that 90 percent of America’s foreign direct investment originates from countries based in TTIP and TPP countries, passage of TPA is critically important to increasing global investment in the United States and creating new American jobs.”

About OFII

Created more than two decades ago, the Organization for International Investment (OFII) is a non-profit business association in Washington, D.C. representing the U.S. operations of many of the world's leading global companies, which insource millions of American jobs.  OFII works to ensure the United States remains the top location for global investment.  As such, OFII advocates for fair, non-discriminatory treatment of foreign-based companies and promotes policies that will encourage them to establish U.S. operations, increase American employment, and boost U.S. economic growth.  For more information, please visit www.OFII.org.