Senator Brown (D) issued a statement urging the Administration to press China to curb currency manipulation during the May 9-10, 2011 U.S.-China Strategic & Economic Dialogue (S&ED). However, Senator Brown insists that legislation will be the mechanism to force real China currency change. According to Senator Brown, China's unfair currency manipulation has gone on for far too long and legislation is needed. (Senator Brown is the sponsor of the Currency Reform for Fair Trade Act (S. 328), bipartisan legislation that would crack down on Chinese currency manipulation. See ITT's Online Archives or 02/11/11 news, 11021083, for BP summary of S. 328)
The following are trade-related highlights of the Executive Communications sent to Congress on May 5, 2011:
On May 6, 2011, the following trade-related bill was introduced:
The following are the trade-related hearings scheduled for May 9-14, 2011:
On May 5, 2011, Representative Ros-Lehtinen (R), Chairman of the House Foreign Affairs Committee, and Representative Engel (D), a Senior Member on the Committee, sent a letter to the President asking him to fully implement U.S. sanctions laws targeting Syria and to step up support for democracy promotion in Syria. (Ros-Lehtinen and Engel authored the Syria Accountability and Lebanese Sovereignty Restoration Act of 2003 (P.L. 108-175), which sought to mandate sanctions against Syria for its threatening activities.)
On May 6, 2011, House Ways and Means Ranking Member Levin (D) and Trade Subcommittee Ranking Member McDermott (D) issued a joint statement after the Department of Labor denied requests for Trade Adjustment Assistance (TAA) from three groups of workers -- from Alabama, Ohio and Pennsylvania -- due to the fact that they were service workers and no longer eligible for assistance. These were the first denials that resulted from the February 12, 2011 expiration of the expanded TAA program.
At a Senate Homeland Security and Governmental Affairs Committee hearing on May 4, 2011, Department of Homeland Security (DHS) Secretary Napolitano announced that, based on previous questions from the Committee, she had ordered Customs and Border Protection (CBP) to devise new border security metrics. See future issue of ITT for additional details from this hearing.
The following are trade-related highlights of the Executive Communications sent to Congress on May 2-4, 2011:
On May 5, 2011, the following trade-related bills were introduced:
On May 4, 2011, the minority parties of both the House and Senate announced/relaunched their own “jobs” agendas. House Democrats relaunched their “Make it in America” agenda and noted that they have introduced numerous trade-related “jobs” bills in the 112th Congress, including legislation to address currency manipulation (H.R. 639), address concerns about rare earth minerals (H.R. 618, 952, and 1314), and give preference to U.S.-made goods and services (H.R. 1684, 679, and 1344). In addition, Senate Republicans announced their “jobs” plan, which includes only a few trade-related goals, such as ratification of the pending free trade agreements with Korea, Panama, and Colombia and renewal of the President's Trade Promotion Authority (aka fast track).