Yesterday, Pacific Research Institute fellow Wayne Winegarden wrote a piece for us arguing that Congress should give President Obama fast track authority concerning the Trans Pacific Partnership (TPP):
Under a TPA, Congress would maintain a powerful voice over whether the U.S. would enter into the TPP agreement. However, Congress would only have the ability to conduct an up or down vote on the deal; it would not have the ability to amend the trade deal.
Such a commitment is important. It is unlikely that our trading partners will approve a free trade agreement with the U.S. knowing that the terms of that agreement could, and likely would, be endlessly changed or bottled up in Congressional committees due to amendments from any one of the 535 Members of Congress.