| =Under fast-track authority, there is no provision for Congress to modify the agreement by submitting amendments. Fast-track authority also treats the FTA as if it were trade legislation being negotiated by the executive branch, not as a treaty that would require a two-thirds vote from the Senate. The purpose is to assure foreign partners that the FTA, once signed, will not be changed during the legislative process.
The TPP draft agreement specifies that foreign firms from signatory countries that seek to do business in the US are exempt from American laws and regulations that would make doing business cost-ineffective, including certain environmental and financial disclosure regulations.The Obama administration appears intent on creating a judicial authority higher than the US Supreme Court, capable of overruling the decisions of U.S. federal courts regarding foreign corporations. |
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At www.wnd.com
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