I’ve been writing about the proposed Trans Pacific Partnership agreement as if it were a done deal, and the only significance of the Trade Promotion Authority bill, aka “fast track,” in regard to the TPP is to push it through with a minimum of debate. This is not so.
I do in fact think that is the significance of “fast track,” but I should emphasize that the TPP is not a done deal. The Japanese government is balking at some of the proposals and, without Japan, the TPP would be meaningless.
So a “fast track” plan that allowed Congress to give meaningful input into the negotiations would be important. Whether or not the Wyden-Hatch-Ryan bill does this is an important question.