Will Hold Press Call at 5:45 Today To Discuss Bill

WASHINGTON, DC—Congresswoman Rosa DeLauro (D-CT) released the following statement today on Fast Track legislation introduced by Senate Finance Committee Chair Orrin Hatch (R-UT), Ways and Means Committee Chairman Paul Ryan (R-WI) and Finance Committee Ranking Member Ron Wyden (D-OR):

“The Trans-Pacific Partnership has been negotiated in secret for the last six years and now Members of Congress are being asked to rubber stamp it. That is an abdication of our responsibilities and simply unacceptable. The single biggest economic issue facing American families is that jobs do not pay enough to live on. Fast tracking the TPP would make it easier for corporations to offshore Americans jobs and force our workers to compete with those in Vietnam making less than 60 cents an hour. It will put our health at risk by allowing unregulated food into our country, such as seafood from Malaysia, where banned toxic chemicals have been found in the seafood.

“Unfortunately--but not unsurprisingly--there are no enforceable currency manipulation provisions contained in the TPP and there would be no way to fix that with Fast Track in place. Currency manipulation makes imports from our trading partners cheaper while making our exports more expensive, further increasing the trade deficit. This puts American businesses and the economy at a severe disadvantage with no enforceable recourse for currency cheaters. Over 230 representatives and 60 senators have told the Administration that there must be a strong, enforceable currency chapter in the TPP. Yet that bipartisan majority has been ignored. This is wrong and Members of Congress will not stand for it.”

DeLauro, along with other Members of Congress who oppose the legislation will hold a press call today at 5:45 to discuss the legislation further. Information on a call-in number will follow shortly.

The bill would not alter the core Fast Track delegation of authority that Congress has only authorized once in the past 21 years.