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STATEMENTFORTHERECORD
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U.S.SenatorRonWyden
,
OnIntp.oductionofthe«CongressionalOversightOverTradeNegotiationsAct"
M.President,rightnow,theObamaAdministrationis
in
theprocessofnegotiatingwhatmightprovetobethemostfar-reachingeconomicagreementsincetheWorldTradeOrganizationwasestablishednearlytwentyyearsago.Thegoalofthisagreement-knownastheTransPacificPartnership(TPP)-istoeconomicallybindtogethertheeconomiesoftheAsiaPacific.
It
involvescountriesrangingfromAustralia,Singapore,Vietnam,Peru,ChileandtheUnitedStatesandholdsthepotentialtoincludemanymorecountries,likeJapan,Korea,Canada,andMexico..
If
successful,theagreementwillsetnormsforthetradeofgoodsandservicesandincludesdisciplinesrelatedtointellectualproperty,accesstomedicines,Internetgovernance,investment,governmentprocurement,workerrightsandenvironmentalstandards.
If
agreedto,TPPwillsetthetoneforournation'seconomicfutureforyearstocome,impactingthewayCongressintervenesandactsonbehalfoftheAmericanpeopleitrepresents.
It
maybethe
u.s.
TradeRepresentative's(USTR)currentjobtonegotiatetradeagreementsonbehalfoftheUnitedStates,butArticle
1
Section8oftheU.S.ConstitutiongivesCongress-nottheUSTRoranyothermemberoftheExecutiveBranch-theresponsibilityofregulatingforeigncommerce.Itwas
OUT
FoundingFathers'intentiontoensurethatthelawsandpoliciesthatgoverntheAmericanpeopletakeintoaccounttheinterestsofalltheAmericanpeople,notjustaprivilegedfew.Andyet,Mr.President,themajorityofCongressisbeingkeptinthedarkastothesubstanceoftheTPPnegotiations,whilerepresentativesofU.S.corporations-likeHalliburton,Chevron,PI-IRMA,Corncast,andtheMotionPictureAssociationofAmerica-arebeingconsultedandmadeprivytodetailsoftheagreement.
As
theOfficeoftheUSTR
will
tellyou,thePresidentgivesitbroadpowertokeepinformationaboutthetradepolicies
it
advancesandnegotiates,secret.Letmetellyou,theUSTR
is
making
fun
useofthisauthority.
As
theChairmanoftheSenateFinanceCommittee'sSubcommitteeonInternationalTrade,Customs,andGlobalCompetitiveness,myofficeisresponsibleforconductingoversightovertheUSTRandtradenegotiations.Todothat,IaskedthatmystaffobtainthepropersecuritycredentialstoviewtheinformationthatUSTRkeepsconfidentialandsecret.ThisismaterialthatfullydescribeswhattheUSTRisseeking
in
theTPPtalksonbehalfoftheAmericanpeopleandonbehalfofCongress.Morethantwomonthsafterreceivingthepropersecuritycredentials,mystaffisstillbarredfromviewingthedetailsoftheproposalsthatUSTRisadvancing.