It's SO Bad--that even members of Congress are Shocked

That's a pretty high threshold-bar to have been reach there ... given all the outrage-fatigue lately.

TPP so bad even the US congress is shocked

By Leith van Onselen

[...]

“This is really troubling,” said Senator Charles E. Schumer of New York, the Senate’s No. 3 Democrat. “It seems to indicate that savvy, deep-pocketed foreign conglomerates could challenge a broad range of laws we pass at every level of government, such as made-in-America laws or anti-tobacco laws. I think people on both sides of the aisle will have trouble with this”…

“U.S.T.R. [United States Trade Representative] will say the U.S. has never lost a case, but you’re going to see a lot more challenges in the future,” said Senator Sherrod Brown, Democrat of Ohio. “There’s a huge pot of gold at the end of the rainbow for these companies”…

Senator Brown contended that the overall accord, not just the investment provisions, was troubling. “This continues the great American tradition of corporations writing trade agreements, sharing them with almost nobody, so often at the expense of consumers, public health and workers,” he said…
[...]

But wait that leaked Investment Chapter of the TPP--is an equal-opportunity offender. Neo-cons really don't like 'kowtowing' to the United Nations, now do they?

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

By Jonathan Weisman, nytimes.com--March 25, 2015

[...]
Backers of the emerging trade accord, which is supported by a wide variety of business groups and favored by most Republicans, say that it is in line with previous agreements that contain similar provisions. But critics, including many Democrats in Congress, argue that the planned deal widens the opening for multinationals to sue in the United States and elsewhere, giving greater priority to protecting corporate interests than promoting free trade and competition that benefits consumers.

[...] Conservatives are likely to be incensed that even local policy changes could send the government to a United Nations-sanctioned tribunal. On the left, Senator Elizabeth Warren, Democrat of Massachusetts, law professors and a host of liberal activists have expressed fears the provisions would infringe on United States sovereignty and impinge on government regulation involving businesses in banking, tobacco, pharmaceuticals and other sectors.

Members of Congress have been reviewing the secret document in secure reading rooms, but this is the first disclosure to the public since an early version leaked in 2012.
[...]

Nice--that the corporate negotiators, finally decided to let select members in on their dealings ... I wonder if their "copies" in the "secure rooms"--were heavily redacted, too?

But, but--here exactly is that "shocking part"?
  
I'm so glad you asked ...

Now We Know Why Huge TPP Trade Deal Is Kept Secret From the Public

by Dave Johnson, Fellow, Campaign for America's Future; huffingtonpost.com--March 27, 2015

[...]
The section of the TPP that has leaked is the "Investment" chapter that includes investor-state dispute settlement (ISDS) clauses. WikiLeaks has the text and analysis, and the Times has the story, in "Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.":

[...]
    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.

The WikiLeaks analysis explains that this lets firms "sue" governments to obtain taxpayer compensation for loss of "expected future profits."

Let that sink in for a moment: "Companies and investors would be empowered to challenge regulations, rules, government actions and court rulings--federal, state or local --before tribunals...." And they can collect not just for lost property or seized assets; they can collect if laws or regulations interfere with these giant companies' ability to collect what they claim are "expected future profits."
[...]

The tribunals that adjudicate these cases will be made up of private-sector (i.e., corporate) attorneys. [...]

Well--Duh!!  ... Who else would they put in charge--if it was up to them?
Let me see if I got this right: 'U-N convened tribunals will trump U.S. commerce on the global stage of the World Bank'--Yes, I'm finally starting to get that "sinking feeling" too.
Just wait til Rand Paul (and comrades) get a load of this special arrangement.  Wooh-buddy!