What is TPA?
TPA stands for Trade Promotion Authority and is often called "fast track." TPA is a process to negotiate trade agreements and is not a trade agreement on its own.
Three main components of TPA:
- It sets specific negotiating objectives and requirements the Administration must follow.
- It requires the Administration to regularly consult with Congress and includes numerous transparency standards that allow Congress and the American people to understand the agreement before Congress votes on it. (See the timeline below for more information)
- Congress and the American people gets the final wordâ€”with an up or down vote only if the Administration meets the negotiation and transparency obligations in TPA.
TPA imposes 150 provisions to guide and direct our trade negotiations. Without TPA, the President can still negotiate any trade agreement he wants. With TPA, he must comply to the specific negotiating objectives and requirements that Congress has set in place. President Obama has a history of executive overreach and Congress needs TPA to add accountability and transparency for the American people.
Want to read TPA? Itâ€™s available here.
Congressional Timeline under Trade Promotion Authority