Fast Track (trade)
The fast track negotiating authority (also called Trade Promotion Authority or TPA, since 2002) for trade agreements is the authority of the President of the United States to negotiate international agreements that the Congress can approve or disapprove but cannot amend or filibuster. Fast-track negotiating authority is granted to the president by Congress. It was in effect pursuant to the Trade Act of 1974 from 1975 to 1994 and was restored in 2002 by the Trade Act of 2002. It expired at midnight on July 1, 2007.
Read more about Fast Track (trade): Enactment and History, Procedure, Scope
Famous quotes containing the words fast and/or track:
“There was a literary gentleman present who who had dramatised in his time two hundred and forty-seven novels as fast as they had come out—and who was a literary gentleman in consequence.”
—Charles Dickens (1812–1870)
“Water. Its sunny track in the plain; its splashing in the garden canal, the sound it makes when in its course it meets the mane of the grass; the diluted reflection of the sky together with the fleeting sight of the reeds; the Negresses fill their dripping gourds and their red clay containers; the song of the washerwomen; the gorged fields the tall crops ripening.”
—Jacques Roumain (1907–1945)