WASHINGTON, DC—Congresswoman Rosa DeLauro (D-CT) released the following statement today on the Investor-State Dispute Settlement (ISDS) chapter of the Trans-Pacific Partnership (TPP). DeLauro viewed the chapter last week under heavy supervision by staff of the United States Trade Representative. DeLauro is a longtime opponent of trade deals that cost American jobs, depress wages, and undermine critical worker, environmental, financial and food safety protections. The Administration is currently seeking Fast Track trade promotion authority to submit the TPP to Congress for an up or down vote with little debate and no amendments.

“It should not take an anonymous leak to the New York Times for the American public to have an unvarnished look at the degree to which the TPP would empower corporate special interests over the American people. Through ISDS, foreign companies would be allowed to sue governments at the local, state and federal level if they believe that domestic laws and regulations hinder their future profits. The Administration knows this is a bad deal and that is why they have been going to such lengths to keep it from the same members of Congress they are asking to approve it.

“There is a lot at stake here. The TPP is potentially the biggest trade agreement in history. It could affect everything from jobs to wages to food safety to environmental protection to the affordability of medicines. Americans, many of whom are still struggling with stagnant wages, deserve better. That is why we should not grant Fast Track promotion authority for the TPP.”