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Rep. Lloyd Doggett (D-TX) and Sen. Carl Levin (D-MI) are urging President Obama to refrain from seeking a congressional vote on the Panama free trade agreement before Panama has agreed to an “effective” tax information exchange agreement and to changing its bank secrecy laws, according to a May 20 letter.
The Office of Government Ethics (OGE) on May 15 took a step toward congressional consideration of two nominations put forward by President Barack Obama by releasing the financial disclosure forms for Rep. Ellen Tauscher (D-CA), who is nominated to be the State Department undersecretary of state for arms control and international security, and Frank Sanchez, who is nominated to be the Commerce Department undersecretary for international trade.
Four House members on May 18 criticized moves by General Motors and Chrysler LLC to close auto plants in the United States, and in the case of GM plans to increase production in other countries and import finished autos for sale in the United States as part of their restructuring plans designed to restore profitability.
Democrats on the House Energy and Commerce Committee have worked out compromise climate change legislation that delays to 2025 border tariffs on imports from countries that do not face the cost of comparable controls on greenhouse gas emissions that the bill will impose on U.S. trade-sensitive industries.