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:
“Although knaves win in every political struggle, although society seems to be delivered over from the hands of one set of criminals into the hands of another set of criminals, as fast as the government is changed, and the march of civilization is a train of felonies, yet, general ends are somehow answered.”
—Ralph Waldo Emerson (1803–1882)
“Away went the messenger’s bicycle,
His serpent’s track went up the hill forever.
And all the time she stood there hot as fever
And cold as any icicle.”
—John Crowe Ransom (1888–1974)