Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.

By JONATHAN WEISMAN  MARCH 25, 2015

President Obama with members of his cabinet speaking to the Democratic Governors Association. The Trans-Pacific Partnership is a cornerstone of Mr. Obama’s remaining economic agenda. CreditJabin Botsford/The New York Times

WASHINGTON — An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment “expectations” and hurt their business, according to a classified document. The Trans-Pacific Partnership — a cornerstone of Mr. Obama’s remaining economic agenda — would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings — federal, state or local — before tribunals organized under the World Bank or the United Nations.

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