"New 'fast track,' or trade promotion, authority (TPA) cleared the 107th Congress for the President's expected signature in August 2002. Such authority enables the Administration to submit negotiated foreign trade agreements to Congress for consideration under expedited procedures. Many agricultural and food industry interests were among the export-oriented enterprises that supported TPA, arguing that foreign trading partners would not seriously negotiate with an Administration that lacked it. However, some farm groups argued that fast track ultimately will lead to new agreements that have adverse effects on U.S. producers, at least of some commodities. This report will be updated if events warrant."
CRS Report for Congress, 97-817
U.S. Department of State: http://www.state.gov/