Sens. Say TPP Fundamentally Flawed, Needs Reworking

By Caroline Simson (September 29, 2016, 7:56 PM EDT) -- A group of Democratic and independent senators told the Obama administration on Thursday that the Trans-Pacific Partnership trade deal must be renegotiated, saying it has "fundamental flaws" that, among other things, will adversely affect the U.S. auto sector and allow foreign corporations to bring claims against the U.S.

Led by Sen. Sherrod Brown, D-Ohio, the 12 lawmakers claim in a letter to President Barack Obama that it would be inappropriate for Congress to consider the now much-maligned 12-nation trade deal without renegotiating these questionable provisions, such as the inclusion of investor-state dispute settlement — which allows foreign corporations and other investors...

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