A draft letter circulating in the House of Representatives that calls on President Obama to seek currency provisions in the Trans-Pacific Partnership (TPP) has thus far garnered bipartisan support from lawmakers representing more than one-third of the House.
The letter signals that the drive to convince the Obama administration to address currency manipulation in TPP is gaining traction, including among members of the Republican caucus (Inside U.S. Trade, May 10).
As of today (May 31), the letter had garnered 194 signatures, and supporters expected to attract several more House members before sending the letter next week, according to one informed source. This source said the letter would be sent before the June 6 confirmation hearing of Michael Froman to be U.S. trade representative.