Rep Neal:Stop the TPP/Fast Track

The TransPacific Parthership (TPP) is misleadingly called a “trade agreement.” But only 5 of its 29 chapters actually cover trade issues such as tariffs and quotas. This would impose one-size-fits all international rules to which U.S. federal, state and local law would be forced to conform. It would also give preferential treatment to foreign banks and other firms operating here, exempting foreign companies in the US from financial, environmental and land use regulations that US businesses would still be required to obey. be empowered to order payment of U.S. tax dollars to foreign firms if U.S. laws undermined the foreign firms’ new special privileges.