House Ways & Means Seeks More Discussions On TPP Data Fix Proposal

The Obama administration has yet to gain the full endorsement of House Ways & Means Committee members for its proposal seeking to shield the financial services industry from data localization requirements currently allowed under the Trans-Pacific Partnership, according to informed sources. The administration is seeking to insert this fix in future trade agreements, such as the Trade in Services Agreement (TISA). Administration officials briefed the Ways & Means Committee on July 5, and the Senate Finance Committee after that. "The...