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:
“Man ... cannot learn to forget, but hangs on the past: however far or fast he runs, that chain runs with him.”
—Friedrich Nietzsche (1844–1900)
“To most men, experience is like the stern lights of a ship, which illumine only the track it has passed.”
—Samuel Taylor Coleridge (1772–1834)