Treasury Poised To Unveil TPP Data Fix; Coalition Plans Letter Campaign

The Treasury Department has signaled to the financial services industry that it plans to unveil next week its proposal for addressing their complaints about being excluded from a ban in the Trans-Pacific Partnership (TPP) on local data storage requirements, according to informed sources. The proposal as discussed informally will not seek to change the TPP or seek a side letter to it, but instead offers to address the issue prospectively in future trade agreements, they said. According to these sources,...