The House has approved the new Trans-Pacific Partnership (TPP) trade deal and President Donald Trump has sent it to the Senate for final approval.
The Senate will hold a final vote on Wednesday afternoon.
The House vote will take place in the Capitol rotunda and will likely be a tie.
The TPP is a massive, ambitious trade deal that aims to open up markets for US companies and workers.
The deal will create 12 new nations and four of the 12 nations already in the TPP will become members of the deal, including Australia, Brunei, Chile, Malaysia, New Zealand, Peru and Singapore.
The Senate is set to vote on its version of the TPP Thursday.
Here’s what you need to know.
What you need now: The Senate approved the trade bill on Monday.
Here are some key points to keep in mind:The Senate has passed two other versions of the trade deal, but not the one that President Trump sent to the House for final passage.
Both versions of TPP contain provisions that could prevent some of the most important reforms of the Obama administration.
One of those provisions is the Investor State Dispute Settlement (ISDS) provision, which requires foreign governments to arbitrate disputes over the rights and obligations of corporations in international trade agreements.
ISDS would give foreign companies more control over their own legal system and give foreign governments a greater ability to claim intellectual property rights over products made by American companies.
The TPP has been the subject of intense opposition in Congress.
Republicans and Democrats both want the TPP to go through, and both sides say they’re ready to go to the brink of a government shutdown to get it done.
Republicans in Congress have threatened to shut down the government if President Trump does not sign the trade agreement into law by Wednesday.
The administration has insisted that it can sign it into law.