According to BuzzFeed journalist Rick Hamby, a dozen senators have signed a letter urging Obama to remove the Investors State Dispute Settlement Clause (ISDS) from the highly controversial Trans-Pacific Partnership (TPP). Obama is pushing Congress to ratify the TPP during a lame duck session of Congress following the November election.
The senators — including Sherrod Brown, Bernie Sanders, and Elizabeth Warren — object to a private legal system established by the ISDS that would empower foreign companies to sue the US government before a panel of arbitrators. The panel would likely be made up of corporate lawyers.
The letter throws a major wrench in Obama’s plans. Under the Fast Track Authority Congress granted earlier this year, Congress can only approve or reject TPP – they can’t amend it.
TPP has been strongly condemned, both by the libertarian right and the progressive left as being less about trade than a Wall…
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