It said it would meet at 9:30 a.m. (1430 GMT). The U.S. House of Representatives signed off on the deal with Canada and Mexico on Dec. 19.
Approval by the Senate committee would clear the legislation for consideration by the full Senate. Senate Republican leader Mitch McConnell has said the chamber would likely take it up after an impeachment trial of President Donald Trump.
(Reporting by Tim Ahmann; Editing by Eric Beech)