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:
“For men tied fast to the absolute, bled of their differences, drained of their dreams by authoritarian leeches until nothing but pulp is left, become a massive, sick Thing whose sheer weight is used ruthlessly by ambitious men. Here is the real enemy of the people: our own selves dehumanized into “the masses.” And where is the David who can slay this giant?”
—Lillian Smith (1897–1966)
“What is the use of going right over the old track again? There is an adder in the path which your own feet have worn. You must make tracks into the Unknown.”
—Henry David Thoreau (1817–1862)