Initially Congressional responsibility centred around setting tariff rates. Subsequently Congress delegated (but did not surrender) periodic negotiating authority to the president under a so-called Trade Promotion Authority (TPA) - sometimes now called "fast track".
The TPA reaffirms Congressional oversight of trade policy objectives and priorities as well as requiring the president to consult Congress before, during and after actual negotiation, but also commits Congress itself to expedite the negotiation process by confining it to simply voting up or down any final draft agreement submitted by the president. Congress is not entitled to re-open negotiation on any particular part of a final draft. | Stuff.co.nz
Congress Must Not Fast Track TPP to Ratification | Electronic Frontier Foundation
US lawmakers may soon introduce legislation to give the Trans-Pacific Partnership (TPP) a “fast-track” through Congress. Senate Finance committee leaders Sen. Max Baucus and Sen. Orrin Hatch have renewed their call to pass such fast-track legislation and hand over Congress' constitutional power to set the terms of US trade policy. Instead, under fast-track, (also known as Trade Promotion Authority) lawmakers would be limited to an up-or-down vote, and shirk their responsibility to hold proper hearings on its provisions.Japan, US confirm to conclude TPP talks by end of 2013 - WORLD - BUSINESS - Globaltimes.cn
Countries involving in the free trade talks are expected to hold a chief negotiators'meeting in US Salt Lake City and also expected to conclude a deal at a TPP ministerial meeting next month in Singapore.
The TPP groups 12 countries, namely Brunei, Chile, New Zealand, Singapore, the United States, Australia, Peru, Vietnam, Malaysia, Mexico, Canada and Japan.
Click HERE to see infograph explaining TTP and it's impact on the lives of Americans and the world.