[Pen-l] NYT: Deal Reached on Fast-Track Authority for Obama on Pacific Trade Pact

[Robert Naiman]

Here we go. This is going to be very interesting...

---------- Forwarded message ----------
From: NYTimes.com News Alert <nytdir...@nytimes.com>
Date: Thu, Apr 16, 2015 at 1:44 PM
Subject: Breaking News: Deal Reached on Fast-Track Authority for Obama on
Pacific Trade Pact
To: nai...@justforeignpolicy.org


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         BREAKING
NEWS Thursday, April 16, 2015 2:37 PM EDT          Deal Reached on
Fast-Track Authority for Obama on Pacific Trade Pact
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The
leaders of Congress’s tax-writing committees reached agreement Thursday on
legislation to give President Obama “fast track” authority to negotiate an
ambitious trade accord with 11 other Pacific nations, beginning what is
sure to be one of the toughest legislative battles of his last 19 months in
office. The “trade promotion authority” bill — likely to be unveiled
Thursday afternoon — would give Congress the power to vote on the
Trans-Pacific Partnership once it is completed, but would deny lawmakers
the chance to amend what would be the largest trade deal since the North
American Free Trade Agreement. 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.  READ MORE »
http://www.nytimes.com/2015/04/17/business/obama-trade-legislation-fast-track-authority-trans-pacific-partnership.html?emc=edit_na_20150416
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