General Discussion
In reply to the discussion: Could Someone Please Tell Me Why Obama Supports Fast Track and TPP [View all]procon
(15,805 posts)"Trade promotion authority gives Congress the right to accept or reject a trade deal but not amend or filibuster it. But the new bill before both the Senate Finance and House Ways and Means committees this week lays out new requirements for openness and review. The president would have to notify Congress of the accords completion 90 days before he intends to sign it, a delay similar to past requirements. But in a new twist, the full agreement would have to be made public for 60 days before the president gives his final assent and sends it to Congress. Congress could not begin considering it for 30 days after that."
http://www.nytimes.com/2015/04/22/business/obama-fast-track-pacific-trade-deal.html?_r=0
The objections hinge on the fact that congress can't alter the initial agreement, but afterward a 'timeout' period they can. Given that the Republicans have the majority, I can only imagine what they would add at the behest of all their corporate pals, so maybe that's a good thing, I dunno. I'll wait to see what's in it like everyone else.