Trade

Congress Deals a Setback to the Corporate Trade Agenda

Earlier Friday the House of Representatives voted down one of the key provisions in the Senate version of the Trade Promotion Authority (TPA). That measure, better known as “fast track,” would pave the way for the job-killing Trans-Pacific Partnership (TPP) and similar deals in the future.

While the House then approved the TPA itself by a razor-thin margin, that vote is purely symbolic. “Fast track” cannot be sent to the President for his signature without additional Congressional action, and the effort to defeat it continues.

Bernie issued the following statement in response:

“As one of the Senate leaders in the fight against the TPP, I applaud the House of Representatives for their vote today.  While the fight will no doubt continue, today’s vote is a victory for America’s working people and for the environment. The TPP, pushed by corporate America and Wall Street, is the continuation of disastrous trade policies which have cost us millions of decent paying jobs as large corporations shut down in this country and move to low-wage countries abroad.  We need a new approach to trade, an approach which benefits the working families of our country, and not just the CEOs of multi-national corporations. Today’s vote is an important step in the right direction.”