No, merely the next step in a long series of small incremental steps designed to do away with the nation-state and erase borders.
I used to laugh at this stuff.
I no longer find it amusing.
The facts are that the inept Congress, elected to work for "we the people", are and have been, working for themselves.
We, for example, are at war and the enemy Democrat Party is aiding and abetting our enemies. Bear in mind that over 60,000,000 votes were cast for a enemy of the United States. Namely J.Effin Kerry.
You and others may worry about our sovereignty, and rightfully so, but I worry about our very survival.