HOUSE PANEL APPROVES FAST TRACK TRADE BILL
A key committee cleared legislation for speed trade deals through congress this thursday. There was low democratic support because Obama is trying to shift towards Asia. There is a battle between the parties on how to punish countries that manipulate their currencies to gain an export edge. The vote in the House of Representatives' Ways and Means Committee took a big step forward for the legislation, which prohibits Congress from amending trade deals and allow for just yes-or-no votes. Many Democrats oppose because they worry that trade deals could harm jobs and the environment. In efforts to make the fast-track bill more palatable for critics, there is a provision that would turn off the streamlined procedures if a trade deal did not fulfill objectives set by Congress.
http://www.huffingtonpost.com/2015/04/23/house-fast-track-trade_n_7132036.html?utm_hp_ref=politics
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