TPP Moves Forward In Senate With Fast Track; On To The House
from the but of course dept
As was widely expected after last week’s vote, the Senate has now voted in favor of fast track for trade agreements (officially “Trade Promotion Authority”) after Republican Senators convinced enough of their Democratic counterparts to give up their Constitutional authority in regulating international commerce (yes, you read that right: Republicans who keep complaining about the President taking too much power and not obeying the Constitution, just voted explicitly to give up Constitutional authority to the President of the other party, while most Democrats declined to do so).
Also as expected, all attempts to add amendments to the TPP — including Elizabeth Warrens’ plan to strip corporate sovereignty ISDS provisions — failed. Any of the amendments almost certainly would have sunk the fast track bill in the House, so they were all basically poison pills designed to kill fast track. Still, it’s disappointing that Congress is favoring corporate sovereignty, when it’s pretty clear that it’s a provision that is going to come back and bite us badly.
Either way, the fight will now move on to the House, where it’s not yet clear if there are enough votes. But, don’t be surprised to see a full court press to convince another dozen or so Democrats to join with Republicans in coughing up Congress’ Constitutional authority over international trade.