On June 21, 2011, Senators Rockefeller (D) and Snowe (R) introduced S. 1238, a bill to hold the U.S.' trading partners accountable if they deliberately suppress the value of their currency to gain an unfair trade advantage.
On June 23, 2011, the House is expected to begin consideration of H.R. 2219, the fiscal year 2012 Department of Defense Appropriations Act. As reported by the House Appropriations Committee, H.R. 2219 contains a few trade-related provisions, including one that would revoke a blanket Buy American waiver if a country has violated a reciprocal trade agreement by discriminating against certain U.S. products; certain requirements for government purchase of only U.S. products (e.g., anchors, supercomputers, bearings), etc.
Although House Ways and Means Trade Subcommittee Chairman Brady (R) recently stated that he expected the Committee to hold ‘mock’ mark-ups on the implementation legislation for the three pending free trade agreements (Korea, Colombia, and Panama) during the week of June 20, 2011, sources indicate that it is unlikely they will be held before July 5, 2011.
On June 21, 2011, the following trade-related bills were introduced:
The following hearings, markups, or meetings are scheduled for June 22, 2011:
On June 15, 2011, the Subcommittee on Terrorism, Nonproliferation and Trade of the House Committee on Foreign Affairs held a hearing where officials from the Departments of State and Defense discussed global maritime piracy.
On June 21, 2011, the Senate resumed consideration of S. 782, the Economic Development Revitalization Act. However, the Senate failed to move the bill forward when it was unable to pass a motion to end debate. As a result, the Senate ended its consideration of S. 782 and moved on to other legislative business.
On June 21, 2011, the Senate Commerce, Science, and Transportation Committee held a hearing on the nomination of John Bryson for Secretary of Commerce1. During the hearing, Committee members noted Bryson’s extensive business experience, but some expressed concern about his experience with the National Resources Defense Council, his support for a 2009 cap-and-trade bill, and the National Labor Relations Board’s lawsuit against Boeing (where Bryson was a Director).
The following are the trade-related hearings scheduled for June 20-25, 2011:
The following hearings, markups, or meetings are scheduled for June 21, 2011: