The nation's top trade official made another pitch for updating trade negotiating powers as an Asia-Pacific deal moves toward the finish line.
U.S. Trade Representative Michael FromanMichael FromanOvernight Finance: WH floats Mexican import tax | Exporters move to back GOP tax proposal | Dems rip Trump adviser's Goldman Sachs payout Froman heads to Council on Foreign Relations Overnight Finance: Carson, Warren battle at hearing | Rumored consumer bureau pick meets Trump | Trump takes credit for Amazon hirings | A big loss for Soros MORE argued that trade promotion authority provides the best avenue for Congress to shape the contents of agreements such as the Trans-Pacific Partnership (TPP), which is steadily moving toward completion.
"It’s time to update trade promotion legislation to meet the needs of today’s global economy and lock into law the progress we have made on a number of issues, including labor and the environment," he said.
Trade promotion authority legislation was last updated 13 years ago and Froman detailed the reasons why an update is necessary.
"Think about how much the world has changed since then," he said.
Froman said the rise of the digital economy, state-owned enterprises and emerging markets mean the old measure, which expired in 2007, doesn't reflect the rapidly changing global landscape.
“A bipartisan trade promotion bill will do just that, addressing these changes and empowering America to continue leading on trade," he said.
"It will help us use trade policy the right way, bringing good jobs to your communities and unlocking opportunity for the millions of Americans you represent."
He also said that there is agreement that the trade deals must tackle those major issues.
“Consider that there’s now a solid consensus that enforceable labor and environmental standards must be a major part of any trade agreement. In 2002, there was no such consensus," he said.
But the Obama administration's efforts face vehement opposition from House Democrats and labor, faith and environmental groups, which argue that the TPP and other trade deals under negotiation will lead to an evaporation of U.S. jobs and wages.
Cabinet officials, including Commerce Secretary Penny PritzkerPenny PritzkerDeVos should ‘persist’ despite liberal opposition Indiana teachers hold sit-in to demand Young recuse himself from DeVos vote Overnight Tech: Trump team eyes FCC overhaul | AT&T chief says no plans to spin off CNN in merger | Commerce pick heads to hearing MORE and Agriculture Secretary Tom VilsackThomas J. VilsackUSDA: Farm-to-school programs help schools serve healthier meals OVERNIGHT MONEY: House poised to pass debt-ceiling bill MORE have been traveling the country hawking their trade message to businesses.
Opponents of the trade deals have been on a similar nationwide tour, arguing that the agreements too closely resemble trade policy of old and should be rejected until a new model is put into place.
Senate Finance Committee Chairman Orrin HatchOrrin HatchOvernight Finance: US preps cases linking North Korea to Fed heist | GOP chair says Dodd-Frank a 2017 priority | Chamber pushes lawmakers on Trump's trade pick | Labor nominee faces Senate US Chamber urges quick vote on USTR nominee Lighthizer Live coverage: Day three of Supreme Court nominee hearing MORE (R-Utah), panel ranking member Sen. Ron WydenRon WydenThe Hill’s Whip List: Where Dems stand on Trump’s Supreme Court nominee Overnight Regulation: Senate moves to strike Obama-era internet privacy rules Overnight Tech: Senate votes to eliminate Obama internet privacy rules | FCC chief wants to stay out of 'political debate' on fake news | Wikileaks reveals new CIA docs MORE (D-Ore.) and House Ways and Means Committee Chairman Paul RyanPaul RyanDan Rather: Failure to repeal ObamaCare most 'staggering loss' so early in a term Sunday shows preview: Aftermath of failed healthcare bill GOP lawmaker: Time to work with Dems on healthcare MORE (R-Wis.) are working on an updated version of the legislation, which is expected to be ready soon.
Last week, Wyden said a planned Thursday trade hearing in the Finance committee was premature because no deal has been struck on trade promotion authority, also known as fast-track.
Fast-track gives Congress an up-or-down vote on an trade deals that reach Capitol Hill.