The U.S. Senate Committee on Finance will hold an informal debate on Thursday to finalize bills seeking the ratification of three free trade agreements (FTA).

Senate Finance Committee Chairman Max Baucus said the committee will hold a “mock” markup from 10 p.m. Thursday to discuss pending FTAs with South Korea, Panama and Colombia.

The House Committee on Ways and Means will also launch such informal discussions on the three trade pacts.

The House committee is set to deliberate on the three deals without addressing the issue of renewing the Trade Adjustment Assistance (TAA) program, although the Senate committee is expected to touch on the renewal of the program during its markup.

The Senate Finance Committee's meeting comes a week after Republican members of the committee boycotted a similar meeting, stressing they would not take part in discussions on extending the TAA program.

The TAA program centers on providing support to Americans impacted by the effects of the trade pacts.

The Obama administration is pushing for the passage of the trade pacts before Congress goes into recess in August.