Citing a lack of action that would promote high standards to consumer and environmental protection, some of the largest consumer organizations have come out against the latest trade promotion authority or “fast track” legislation.
“It (trade promotion authority) includes problematic negotiating objectives, such as requiring that regulations be based on cost-benefit analysis and risk assessment, that could undermine our existing safeguards on financial services, food and product safety and that could require the U.S. to accept goods and services that do not meet U.S. standards.
The letter is signed by leaders from the Consumer Federation of America, Consumers Union, National Consumers League, Public Citizen, Union of Concerned Scientists and the Public Interest Research Group.
Click here to read the full letter.
Trade promotion authority legislation is currently under consideration in the Senate Finance Committee.