Elizabeth Warren: The Pacific Trade Deal Would Undermine U.S. Sovereignty

Elizabeth Warren's Illustrated Quotations

http://paxonbothhouses.blogspot.com/2014/12/senator-elizabeth-warren-illustrated.html

Elizabeth Warren's Fiery Attack On The Bankers' Club That Runs America

http://paxonbothhouses.blogspot.com/2014/12/elizabeth-warrens-fiery-attack-on.html

Sen. WARREN: The Pacific trade deal would undermine U.S. sovereignty, argues the Massachusetts Democrat. "The provision, an increasingly common feature of trade agreements, is called 'Investor-State Dispute Settlement,' or ISDS. The name may sound mild, but don’t be fooled. ... Here’s how it would work. Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions — and even billions — of dollars in damages." The Washington Post.