TeachMeFinance.com - explain Fast track authority
Fast track authority The term 'Fast track authority ' as it applies to the area of agriculture can be defined as ' A legislative procedure that may be adopted by Congress for considering bills to implement trade agreements. The procedure calls for consultation between the President and Congress as trade agreements are negotiated. Once an implementing bill is introduced, it may not be amended, time for debate is limited, and the bill is subject to an up or down vote. Many agricultural interests support fast track legislation on the grounds that it will facilitate negotiations for enhancing trade and hence possible export markets for farm products'.
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