Naturally a trade bill contains provisions concerning intellectual property and here the trouble begins. A cynic might argue that TPP is the international version of Sopa and its bastard step brother Protect IP. Supporters of TPP include the usual list of suspects, the Obama administration, the motion picture industry and the Chamber of Commerce. Chris Dodd, as Chairman and Chief Executive Officer of the Motion Picture Association of America enjoys access to negotiating texts that he could not view as a senator. Thirty academics sent a letter to Ambassador Kirk expressing their concern over the lack of transparency. Kirk responded immediately “You may be surprised to know that USTR has conducted the most active outreach to all stakeholders relative to the TPP than in any [free trade agreement] previously, including the proposed disciplines on intellectual property.”
The academics replied; “USTR’s consultation process consists of choosing with whom to share its international legislative proposals and leaving the rest of the country in the dark until the deal is done,”
Naturally all this secrecy invites speculation and leaks have been scarce but critics claim and the USTR has yet to deny that the treaty would;
Limit how U.S. federal and state officials could regulate foreign firms operating within U.S. boundaries, with requirements to provide them greater rights than domestic firms;I'm not a big fan of Senator Ron Wyden but he is right on point on this issue. In the video he expresses his concern about internet freedom which he considered to be imperiled by the proposed treaty. Listen to the entire video. It's worth you time.
Extend the incentives for U.S. firms to offshore investment and jobs to lower-wage countries;
Establish a two-track legal system that gives foreign firms new rights to skirt U.S. courts and laws, directly sue the U.S. government before foreign tribunals and demand compensation for financial, health, environmental, land use and other laws they claim undermine their TPP privileges;
Allow foreign firms to demand compensation for the costs of complying with U.S. financial or environmental regulations that apply equally to domestic and foreign firms.