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:
“The Fountaine of parents duties is Love....Great reason there is why this affection should be fast fixed towards their children. For great is that paine, cost, and care, which parents must undergoe for their children. But if love be in them, no paine, paines, cost or care will seeme too much.”
—William Gouge (20th century)
“What joy when the insouciant
armadillo glances at us and doesn’t
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across the track into the palm brush.
What is this joy? That no animal
falters, but knows what it must do?”
—Denise Levertov (b. 1923)