Lew: TPP Local Data Requirements Still An Open Issue Internally
Treasury Secretary Jacob Lew has signaled that the issue of how to address financial services industry complaints about data localization requirements in the Trans-Pacific Partnership is still under active discussion internally among U.S. regulators and other administration officials. At the same time, he insisted that while the issue is technically complicated, there is a “pathway forward.” Lew spoke at a May 13 breakfast of organized by the Christian Science Monitor. Lew said the issue is complicated because there are two...