Congressional trade leaders are demanding that the Obama administration immediately ramp up talks with lawmakers as negotiations on a massive Asia-Pacific agreement reach a critical stage.
House Ways and Means Committee Chairman Paul RyanPaul Davis RyanPaul Ryan researched narcissistic personality disorder after Trump win: book Paul Ryan says it's 'really clear' Biden won election: 'It was not rigged. It was not stolen' Democrats fret over Trump-district retirements ahead of midterms MORE (R-Wis.), panel ranking member Sandy Levin (D-Mich.), Senate Finance Committee Chairman Orrin HatchOrrin Grant HatchCongress, stop holding 'Dreamers' hostage Drug prices are declining amid inflation fears The national action imperative to achieve 30 by 30 MORE (R-Utah) and the panel's top Democrat, Ron WydenRonald (Ron) Lee WydenA Democratic plan to wipe out independent contractors Biden pushes back at Democrats on taxes Want a clean energy future? Look to the tax code MORE (Ore.), said "we expect you to intensify these consultations and coordination immediately" on the Trans-Pacific Partnership (TPP).
In a letter to U.S. Trade Representative Michael FromanMichael B.G. FromanOn The Money: Sanders unveils plan to wipe .6T in student debt | How Sanders plan plays in rivalry with Warren | Treasury watchdog to probe delay of Harriet Tubman bills | Trump says Fed 'blew it' on rate decision Democrats give Trump trade chief high marks US trade rep spent nearly M to furnish offices: report MORE and Treasury Secretary Jack LewJacob (Jack) Joseph LewThe Hill's Morning Report - Biden argues for legislative patience, urgent action amid crisis On The Money: Senate confirms Yellen as first female Treasury secretary | Biden says he's open to tighter income limits for stimulus checks | Administration will look to expedite getting Tubman on bill Sorry Mr. Jackson, Tubman on the is real MORE, they said that any agreement reached on the TPP must meet the priorities set out by Congress as part of the fast-track authority law signed by President Obama in June.
If officials aren't ready to wrap up work on the TPP this week in Atlanta, the lawmakers suggested top trade officials take a step back before proceeding.
“We urge you to take the time necessary to get the best possible deal for the United States working closely with us and with stakeholders to resolve the many outstanding issues in these critically important negotiations," they wrote in the letter.
“If you are unable to obtain an agreement that is consistent with the standards we have set out, we would support continuing negotiations so that TPP meets the benchmark that Congress can support.”
Negotiations on the TPP slipped into Friday as the United States and 11 other nations try to complete work on the sweeping pact that covers 40 percent of global growth.