WASHINGTON, D.C. – U.S. Sen. Sherrod Brown issued the following statement on draft investment provisions of the Trans-Pacific Partnership (TPP) obtained by the New York Times:
“It appears that the investor state provision being considered as part of TPP will still amount to a corporate handout at the expense of consumers despite the assurances of our negotiators. We need strong language to prevent multinational corporations – like Big Tobacco - from using trade agreements to challenge health and safety laws.
“It’s telling when Members of Congress and their staff have an easier time accessing national security documents than proposed trade deals, but if I were negotiating this deal I suppose I wouldn’t want people to see it either. Trade agreements should lift American workers and their counterparts abroad, rather than creating a race to the bottom.”