Administration Poised To Float TPP Data Fix To Congress; Froman Sees Positive Outcome

The Obama administration is close to presenting to congressional trade committees its proposal for shielding the financial services industry from data localization requirements under the Trans-Pacific Partnership, according to informed sources. This could happen as early as next week, they said. Following that, the administration will vet the proposal with cleared advisers before trying to introduce it in ongoing trade negotiations like the Trade in Services Agreement (TISA). The next TISA negotiating round kicks off at the end of next...