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Deal Reached on Fast-Track Authority for Obama on Pacific Trade Pact

By: clo in FFFT3 | Recommend this post (0)
Fri, 17 Apr 15 12:40 AM | 42 view(s)
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This is going to COST AMERICAN WORKERS! This TPP SUCKS!
Contact your politicians, lets try to avert a bigger mistake than NAFTA..........

Deal Reached on Fast-Track Authority for Obama on Pacific Trade Pact

The leaders of Congress’s tax-writing committees reached agreement Thursday on legislation to give President Obama “fast track” authority to negotiate an ambitious trade accord with 11 other Pacific nations, beginning what is sure to be one of the toughest legislative battles of his last 19 months in office.

The “trade promotion authority” bill — likely to be unveiled Thursday afternoon — would give Congress the power to vote on the Trans-Pacific Partnership once it is completed,

but would deny lawmakers the chance to amend what would be the largest trade deal since the North American Free Trade Agreement. 

Senator Orrin G. Hatch, chairman of the Senate Finance Committee, and Representative Paul D. Ryan of Wisconsin, chairman of the Ways and Means Committee, had to agree to stringent requirements for the trade deal to win over Senator Ron Wyden of Oregon, the ranking Democrat on the finance panel. Those requirements included a human-rights negotiating objective that has never existed in trade agreements, according to lawmakers involved in the talks.

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http://www.nytimes.com/2015/04/17/business/obama-trade-legislation-fast-track-authority-trans-pacific-partnership.html?emc=edit_na_20150416




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