There are some good news and some bad news. Some sources say that the TPP is dead.
This could be good news because Japan has a strong stance on its agricultural products. Other groups including labor unions, non-profits organizations, and some manga authors who enjoy seeing people support their work show strong opposition against the TPP.
Some other sources say that they will likely reach a basic agreement, this is bad news.
The leaked IP chapter of the TPP is worse it could overturn the Alice corp v. CLS bank decision you can go to prison for installing Linux over Windows and every open source software you have installed including Mozilla Firefox or Google Chrome on your computer. The TPP would also create a dress police making cosplay a felony, you could even get fined for singing a copyrighted song in public, and even you could go to prison if you or your child doodle a copyrighted cartoon character. Deviantart would be removing the fan art category and be force to police their website and ban users for having or uploading fan art. Facebook, Google and Twitter would become the copyright police to ban people for linking to a news article.
Even if a basic agreement is reached, Fast track (Trade Promoting Authority) would need to be renewed before the TPP is submitted, Congress cannot look at, amend, or filibuster it and they only have 20 hours of debate and they have to approve it by an up and down vote. Senate Majority Leader Harry Reid promising not to bring a fast track bill up to the floor won't be able to if the GOP takes the Senate, he could filibuster fast track, Senator Wyden who controls the trade committee would be given to Senator Orin Hatch who is the co-sponsor of Fast Track with Senator Baucus who is now the ambassador to China. The GOP controlling the Senate which would likely give Obama fast track.
Wyden's Smart track bill which is a watered down version of Fast track, calls for transparency and to address currency manipulation.
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