The fight over Fast Track just got real.
U.S. House and Senate leaders announced Thursday afternoon that they have reached a deal on legislation aimed at jamming the Trans Pacific Partnership through Congress.
“Congress shouldn’t throw Americans under the bus by giving up its authority over this unprecedented giveaway to multinational corporations.” —Murshed Zaheed, CREDO
The so-called Fast Track bill (The Bipartisan Congressional Trade Priorities and Accountability Act of 2015, TPA-2015), which would make it easier for President Barack Obama’s administration to negotiate trade deals by preventing Congress from amending them, includes compromise provisions added in order to “win over” Sen. Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee.
According to the New York Times:
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.
The legislation would also make any final trade agreement public for 60 days before the president signs it, and up to four months before Congress votes. If the agreement, negotiated by the United States Trade Representative, fails to meet the objectives laid out by Congress — on labor, environmental and human rights standards — a 60-vote majority in the Senate could shut off “fast track” trade rules and open the deal to amendments.