Economy
April 28, 2015
TPA: A Controversial Undertaking
Written by Sandy Williams
The Trade Promotion Authority bill S.995, or “fast track bill” as it being called, passed the Senate Finance Committee last week by a vote of 20-6. The fast track portion gives the President the authority and guidelines to negotiate trade deals in exchange for a vote by Congress passing resulting trade agreements without amendment. The bill has been introduced to the Senate floor for further consideration and vote.
Critics of fast track say it will push Congress to agree to trade deals without due consideration, a concern for Democrats who worry that agreements may harm domestic jobs and the environment. A House Ways and Means committee voted 25-13 in favor similar legislation with only two democrats voting in favor.
