Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Sierra Club : Opposes Fast-Track Bill To Rush International Trade

01/09/2014 | 06:38pm US/Eastern

WASHINGTON, DC- Today, Senate Finance Committee Chairman Max Baucus (D-MT), Ranking Member Orrin Hatch (R-UT), and House Ways and Means Committee Chairman Dave Camp (R-MI) introduced  the Bipartisan Congressional Trade Priorities Act of 2014, legislation that would grant "fast track" authority for trade deals, including the Trans-Pacific Partnership. Fast track was created under President Nixon and first passed in 1974, at a time when trade pacts focused on traditional trade issues such as cutting tariffs and lifting quotas. If this legislation were approved by Congress, the President would be able to send already signed trade pacts to Congress for straight up-or-down vote -- with no room for amendments and limited floor debate.

This legislation is likely to face stiff opposition from Congress. In November, 151 House Democrats sent a letterto President Obama calling for the creation of a new mechanism for trade agreement negotiations and approval that would give Congress "exclusive constitutional authority to set the terms of trade." Another letter signed by 23 House Republicans opposing fast track was also sent to the President on November 12, 2013.

In response, Sierra Club Executive Director Michael Brune issued the following statement:

"The Sierra Club opposes fast track, an outdated and inappropriate mechanism for trade pacts as expansive as the proposed Trans-Pacific Partnership agreement and the proposed U.S.-EU trade deal. This legislation strips Congress of its defining democratic characteristic -- its check-and-balance structure. If Congress is not able to fully debate and, if necessary, amend the language of these all-encompassing trade pacts, the environment, our climate, and our families could suffer as a result.

"Trade pacts must include binding protections to consumers, workers' rights, the environment, the climate, and much more, and Congress must be able to make sure these boxes are checked.

"It's critical that Congress has the ability to oversee trade negotiations and make sure trade protects our environment, workers, and communities here in the U.S. and abroad. The public and Members of Congress have already largely been excluded from the process of creating the Trans-Pacific Partnership -- why limit our democratic rights even further?

"We urge Members of Congress to oppose fast track and retain their rights to ensure that the U.S. leads in responsible trade. We need a real debate on the cost of trade on our economy and environment -- not a process to haphazardly push pacts over the finish line."


For more information on the proposed Trans-Pacific Partnership, see this Sierra Club report: http://sc.org/RawDealReport

For more information on the proposed U.S.-EU trade pact, see this Sierra Club report: http://sc.org/TTIP-report

About the Sierra Club
The Sierra Club is America's largest and most influential grassroots environmental organization, with more than 2.1 million members and supporters nationwide. In addition to creating opportunities for people of all ages, levels and locations to have meaningful outdoor experiences, the Sierra Club works to safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and litigation. http://www.sierraclub.org.

distributed by
React to this article
Latest news
Date Title
12:06p Fitch Rates NGL Energy's Senior Unsecured Note Offering Due 2020 'BB-'/RR5
12:06p RESEARCH AND MARKETS : Imazamox (CAS 114311-32-9) Global Market Research & Analysus Report 2015
12:05p HURRIYET GAZETECILIK VE MATBAACILIK A S : Detention, house arrest of Hurriyet leaders condemned
12:05p PAKISTAN AIRLINES : PIA's fleet being raised to expand flight opeartion: Shujaat Azeem
12:05p HURRIYET GAZETECILIK VE MATBAACILIK A S : leaders put under house arrest
12:05p DAEWOO : Documentaries on Pakistan's natural heritage to be screened
12:05p HABIB BANK : HBL Faisalabad wins SBP Governor's cup tournament
12:05p HURRIYET GAZETECILIK VE MATBAACILIK A S : Kashmir dispute root cause of disorder in region: Gilani
12:05p CONTINENTAL : Andreas Gerstenberger Takes Charge of ContiTech's Industrial Hose Business
12:05p JACQUES BOGART : BOGART GROUP to carry out capital increase by private placement
Latest news
Hot News 
UBS : raises salaries for employees
BHF KLEINWORT BENSON : Shareholder Oddo & Cie announces intention to launch a counterbid for BHF Kleinwort Benson Group at €5.75 per share
STOCK SPIRITS : *nomura cuts stock spirits to 'neutral' ('buy') - target 135 (220) pence
PLANT HEALTH CARE : Arysta LifeScience Terminate Products Deal
iKang Announces Receipt of Competing Non-Binding "Going Private" Proposal
Most Read News
11/29 Major New Business Events Headed for Bermuda in 2016
11/29 How Long Will It Take to Close the Global Gender Gap? Almas Jiwani at Naseba's Women in Leadership Conference in Abu Dhabi, UAE
11/29 MRB MALAYSIAN RUBBER BOARD : Director General Meets Kota Tinggi Research Station Staff
02:14a BOJ's Kuroda dismisses calls to go slow in hitting inflation target
Most recommended articles
12:01p FTSE lags euro zone, ends November lower
11:58aDJU.S. Corn, Soybeans Lift On Demand Hopes; Wheat Sinks
11:58aDJEUROPE MARKETS : European Stocks Climb Ahead Of Key Policy, Data Week
11:58aDJBRISTOL MYERS SQUIBB : FDA Approves New Blood-Cancer Drug Empliciti -- Update
11:55aDJTribune Publishing Says It Isn't in Talks to Sell Company