January 14th, 2014
Fast Tracking Corporate Power: Investor-State Resolution and the TPP
The Trans-Pacific Partnership (TPP) trade deal includes little-known provisions that allow companies to challenge as illegal trade barriers any government policies that purportedly infringe on the companies’ profits. The contentious “investor-state dispute resolution” allows a corporation to sue federal, state and local governments if it believes that a law or regulation will negatively affect its bottom line. Foreign companies or investors could challenge regulatory safeguards that protect our families, our communities and our air and water at a global trade tribunal that could overturn the rule and award the investor monetary damages.