Republican and Democratic lawmakers have reached a deal to give President Obama fast-track authority for the Trans-Pacific Partnership trade pact. Senate Finance Committee leaders Republican Orrin Hatch and Democrat Ron Wyden reached the deal along with Republican Rep. Paul Ryan. It will allow Obama to negotiate the 12-nation pact in secret, then present it to Congress for a yes-or-no vote, with no amendments allowed. In a statement, Lori Wallach of Public Citizen said the bill introduced Thursday would “delegate away Congress’ constitutional trade authority and give blank-check powers to whomever may be president during the next three to six years for any agreements he or she may pursue.” Wallach has described the deal as a “corporate Trojan horse” which would serve multinational firms while undermining health and environmental regulations. (Click here to watch our interview with Lori Wallach and Rep. Alan Grayson on the TPP.)
Lawmakers Reach Deal to Give Obama TPP Fast-Track Authority
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