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:
“A feeble man can see the farms that are fenced and tilled, the houses that are built. The strong man sees the possible houses and farms. His eye makes estates, as fast as the sun breeds clouds.”
—Ralph Waldo Emerson (1803–1882)
“He who rides and keeps the beaten track studies the fences chiefly.”
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