Loretta Sanchez on Free Trade
Democratic Representative (CA-47)
Opposes TPP; joined union protests against it
Kamala Harris told reporters that she opposed the TPP trade pact because it didn't offer sufficient worker protections. Loretta Sanchez tends to present herself as an economic moderate. But she did Ms. Harris one better.
Not only did Rep. Sanchez reiterate her opposition to TPP, but she also joined a protest line of union carpenters outside the convention center, in full view of television cameras, reporters and delegates.
Ms. Harris had previously been circumspect on the trade deal, but Rep. Sanchez's entry into the race has created a situation in which neither candidate wants to risk alienating the Democratic base on such a highly charged issue.
If there were any doubt that both candidates had made the politically safe decision, they were quickly put to rest by the rapturous response that Sen. Elizabeth Warren elicited when she told the crowd that TPP would "leave American workers in the dirt."
Source: Wall Street Journal on 2016 California Senate race
, May 19, 2016
Voted NO on promoting free trade with Peru.
Approves the Agreement entered into with the government of Peru. Provides for the Agreement's entry into force upon certain conditions being met on or after January 1, 2008. Prescribes requirements for:
- enforcement of textile and apparel rules of origin;
- certain textile and apparel safeguard measures; and
- enforcement of export laws governing trade of timber products from Peru.
Proponents support voting YES because:
Rep. RANGEL: It's absolutely ridiculous to believe that we can create jobs without trade. I had the opportunity to travel to Peru recently. I saw firsthand how important this agreement is to Peru and how this agreement will strengthen an important ally of ours in that region. Peru is resisting the efforts of Venezuela's authoritarian President Hugo Chavez to wage a war of words and ideas in Latin America against the US. Congress should acknowledge the support of the people of Peru and pass this legislation by a strong margin.
Opponents recommend voting NO because:
Rep. WU: I regret that I cannot vote for this bill tonight because it does not put human rights on an equal footing with environmental and labor protections.
Rep. KILDEE: All trade agreements suffer from the same fundamental flaw: They are not self-enforcing. Trade agreements depend upon vigorous enforcement, which requires official complaints be made when violations occur. I have no faith in President Bush to show any enthusiasm to enforce this agreement. Congress should not hand this administration yet another trade agreement because past agreements have been more efficient at exporting jobs than goods and services. I appeal to all Members of Congress to vote NO on this. But I appeal especially to my fellow Democrats not to turn their backs on those American workers who suffer from the export of their jobs. They want a paycheck, not an unemployment check.
Reference: Peru Trade Promotion Agreement Implementation Act;
Bill H.R. 3688
; vote number 2007-1060
on Nov 8, 2007
Voted YES on assisting workers who lose jobs due to globalization.
H.R.3920: Trade and Globalization Act of 2007: Amends the Trade Act of 1974 to allow the filing for trade adjustment assistance (TAA) by adversely affected workers. Revises group eligibility requirements for TAA to cover: (1) a shift of production or services to abroad; or (2) imports of articles or services from abroad.
Proponents support voting YES because:
Rep. RANGEL: In recent years, trade policy has been a dividing force. This legislation develops a new trade policy that more adequately addresses the growing perception that trade is not working for American workers. The Trade and Globalization Assistance Act would expand training and benefits for workers while also helping to encourage investment in communities that have lost jobs to increased trade--particularly in our manufacturing sector. The bill is a comprehensive policy expanding opportunities for American workers, industries, and communities to prepare for and overcome the challenges created by expanded trade.
Opponents recommend voting NO because:
Rep. McCRERY: We should be considering trade adjustment assistance in the context of trade opportunities generally for US workers. That is to say, I think we should be considering modifications to our assistance network in the context of the pending free trade agreements that are before the Congress. Unfortunately, we are not doing that. We are considering TAA in isolation. [We should instead] restructure TAA from a predominantly income support program into a job retraining program. Other problems include that H.R. 3920 would:
Reference: Trade and Globalization Assistance Act;
; vote number 2007-1025
on Oct 31, 2007
- pointlessly keep people in trade adjustment assistance longer.
- increase TAA spending by billions of dollars, but would not require any further accountability on how program funds are spent.
- greatly expand TAA and exacerbate the inefficiencies in the program today.
- extend benefits to public sector workers and submit State and local officials to subpoenas and legal proceedings to comply.
Voted NO on implementing CAFTA, Central America Free Trade.
To implement the Dominican Republic-Central America-United States Free Trade Agreement. A vote of YES would:
Reference: CAFTA Implementation Bill;
Bill HR 3045
; vote number 2005-443
on Jul 28, 2005
- Progressively eliminate customs duties on all originating goods traded among the participating nations
- Preserve U.S. duties on imports of sugar goods over a certain quota
- Remove duties on textile and apparel goods traded among participating nations
- Prohibit export subsidies for agricultural goods traded among participating nations
- Provide for cooperation among participating nations on customs laws and import licensing procedures
- Encourage each participating nation to adopt and enforce laws ensuring high levels of sanitation and environmental protection
- Recommend that each participating nation uphold the International Labor Organization Declaration on Fundamental Principles and Rights at Work
- Urge each participating nation to obey various international agreements regarding intellectual property rights
Voted YES on implementing US-Australia Free Trade Agreement.
United States-Australia Free Trade Agreement Implementation Act: implementing free trade with protections for the domestic textile and apparel industries.
Reference: Bill sponsored by Rep Tom DeLay [R, TX-22];
; vote number 2004-375
on Jul 14, 2004
Voted NO on implementing US-Singapore free trade agreement.
Vote to pass a bill that would put into effect a trade agreement between the United States and Singapore. The trade agreement would reduce tariffs and trade barriers between the United States and Singapore. The agreement would remove tariffs on goods and duties on textiles, and open markets for services The agreement would also establish intellectual property, environmental and labor standards.
Reference: US-Singapore Free Trade Agreement;
Bill HR 2739
; vote number 2003-432
on Jul 24, 2003
Voted NO on implementing free trade agreement with Chile.
United States-Chile Free Trade Agreement Implementation Act: Vote to pass a bill that would put into effect a trade agreement between the US and Chile. The agreement would reduce tariffs and trade barriers between the US and Chile. The trade pact would decrease duties and tariffs on agricultural and textile products. It would also open markets for services. The trade pact would establish intellectual property safeguards and would call for enforcement of environmental and labor standards.
Reference: Bill sponsored by DeLay, R-TX;
Bill HR 2738
; vote number 2003-436
on Jul 24, 2003
Voted NO on withdrawing from the WTO.
Vote on withdrawing Congressional approval from the agreement establishing the World Trade Organization [WTO].
Reference: Resolution sponsored by Paul, R-TX;
Bill H J Res 90
; vote number 2000-310
on Jun 21, 2000
Voted NO on 'Fast Track' authority for trade agreements.
Vote to establish negotiating objectives for trade agreements between the United States and foreign countries and renew 'fast track' authority for the President.
Reference: Bill introduced by Archer, R-TX.;
Bill HR 2621
; vote number 1998-466
on Sep 25, 1998
Build a rule-based global trading system.
Sanchez adopted the manifesto, "A New Agenda for the New Decade":
Write New Rules for the Global Economy
The rise of global markets has undermined the ability of national governments to control their own economies. The answer is neither global laissez faire nor protectionism but a Third Way: New international rules and institutions to ensure that globalization goes hand in hand with higher living standards, basic worker rights, and environmental protection. U.S. leadership is crucial in building a rules-based global trading system as well as international structures that enhance worker rights and the environment without killing trade. For example, instead of restricting trade, we should negotiate specific multilateral accords to deal with specific environmental threats.
Goals for 2010
Source: The Hyde Park Declaration 00-DLC1 on Aug 1, 2000
- Conclude a new round of trade liberalization under the auspices of the World Trade Organization.
- Open the WTO, the World Bank, and International Monetary Fund to wider participation and scrutiny.
- Strengthen the International Labor Organization�s power to enforce core labor rights, including the right of free association.
- Launch a new series of multinational treaties to protect the world environment.
Rated 29% by CATO, indicating a pro-fair trade voting record.
Sanchez scores 29% by CATO on senior issues
The mission of the Cato Institute Center for Trade Policy Studies is to increase public understanding of the benefits of free trade and the costs of protectionism.
The Cato Trade Center focuses not only on U.S. protectionism, but also on trade barriers around the world. Cato scholars examine how the negotiation of multilateral, regional, and bilateral trade agreements can reduce trade barriers and provide institutional support for open markets. Not all trade agreements, however, lead to genuine liberalization. In this regard, Trade Center studies scrutinize whether purportedly market-opening accords actually seek to dictate marketplace results, or increase bureaucratic interference in the economy as a condition of market access.
Studies by Cato Trade Center scholars show that the United States is most effective in encouraging open markets abroad when it leads by example.
The relative openness and consequent strength of the U.S. economy already lend powerful support to the worldwide trend toward embracing open markets. Consistent adherence by the United States to free trade principles would give this trend even greater momentum. Thus, Cato scholars have found that unilateral liberalization supports rather than undermines productive trade negotiations.
Scholars at the Cato Trade Center aim at nothing less than changing the terms of the trade policy debate: away from the current mercantilist preoccupation with trade balances, and toward a recognition that open markets are their own reward.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: CATO website 02n-CATO on Dec 31, 2002
Tariffs against countries undervaluing their currency.
Sanchez signed H.R.2378 & S.1027
Amends the Tariff Act of 1930 to require the administering authority to determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and to take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Congress makes the following findings:
Source: Currency Reform for Fair Trade Act 09-HR2378 on May 13, 2009
- The strength, vitality, and stability of the US economy and the openness and effectiveness of the global trading system are critically dependent upon an international monetary regime of orderly and flexible exchange rates.
Increasingly in recent years, a number of foreign governments have undervalued their currencies by means of protracted, large-scale intervention in foreign exchange markets, and this fundamental misalignment has substantially contributed to distortions in trade flows.
- This exchange depreciation serves as a subsidy for, and facilitates dumping of, exports from countries that engage in this mercantilist practice.
- It is consistent with the agreements of the World Trade Organization and the International Monetary Fund that US trade law make explicit that fundamental undervaluation by an exporting country of its currency is actionable as a countervailable export subsidy and alternatively can be offset by antidumping duties.
Review free trade agreements biennially for rights violation.
Sanchez signed H.R.3012
Trade Reform, Accountability, Development, and Employment Act or the TRADE Act:
- review biennially certain free trade agreements (including Uruguay Round Agreements) between the US and foreign countries to evaluate their economic, environmental, national security, health, safety, and other effects; and
- report on them to the Congressional Trade Agreement Review Committee (established by this Act), including analyses of specified aspects of each agreement and certain information about agreement parties, such as whether the country has a democratic form of government, respects certain core labor rights and fundamental human rights, protects intellectual property rights, and enforces environmental laws.
Declares that implementing bills of new trade agreements shall not be subject to expedited consideration or special procedures limiting amendment, unless such agreements include certain standards with respect to: Requires the President to submit to Congress a plan for the renegotiation of existing trade agreements to bring them into compliance with such standards. Expresses the sense of Congress that certain processes for U.S. trade negotiations should be followed when Congress considers legislation providing special procedures for implementing bills of trade agreements.
Source: TRADE Act 09-HR3012 on Jun 24, 2009
- human rights;
- environment and public safety;
- food and product health and safety;
- provision of services;
- intellectual property;
- trade remedies and safeguards;
- dispute resolution and enforcement;
- technical assistance;
- national security; and
Impose tariffs against countries which manipulate currency.
Sanchez signed Currency Reform for Fair Trade Act
- Amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the US from foreign countries with fundamentally undervalued currency.
- Defines "benefit conferred" as the difference between:
- the amount of currency provided by a foreign country in which the subject merchandise is produced; and
- the amount of currency such country would have provided if the real effective exchange rate of its currency were not fundamentally undervalued.
- Determines that the currency of a foreign country is fundamentally undervalued if for an 18-month period:
- the government of the country engages in protracted, large-scale intervention in one or more foreign exchange markets
- the country's real effective exchange rate is undervalued by at least 5%
- the country has experienced significant and persistent global current account
- the country's government has foreign asset reserves exceeding the amount necessary to repay all its debt obligations.
[Explanatory note from Wikipedia.com "Exchange Rate"]:
Between 1994 and 2005, the Chinese yuan renminbi was pegged to the US dollar at RMB 8.28 to $1. Countries may gain an advantage in international trade if they manipulate the value of their currency by artificially keeping its value low. It is argued that China has succeeded in doing this over a long period of time. However, a 2005 appreciation of the Yuan by 22% was followed by a 39% increase in Chinese imports to the US. In 2010, other nations, including Japan & Brazil, attempted to devalue their currency in the hopes of subsidizing cheap exports and bolstering their ailing economies. A low exchange rate lowers the price of a country's goods for consumers in other countries but raises the price of imported goods for consumers in the manipulating country.
Source: HR.639&S.328 11-HR0639 on Feb 14, 2011
Sponsored imposing import fee on countries with undervalued currency.
Sanchez co-sponsored Currency Reform for Fair Trade Act
Congressional Summary:Amends the Tariff Act of 1930 to include a countervailing duty or antidumping duty on merchandise imported into the US from foreign countries with fundamentally undervalued currency.
- Defines the [amount subject to the import fee as] ) the amount of currency such country would have provided if the real effective exchange rate of its currency were not fundamentally undervalued.
- Determines that the currency of a foreign country is fundamentally undervalued if for an 18-month period the government of the country engages in protracted, large-scale intervention in one or more foreign exchange markets; and the country has experienced significant and persistent global current account surpluses; and the country's government has foreign asset reserves exceeding the amount necessary to repay all its debt obligations falling due within the coming 12 months.
Opponent's argument against bill: (by the
Club for Growth)We urge all House members to not co-sponsor the protectionist Currency Reform for Fair Trade Act. This proposal would make it easier for the federal government to slap
Source: H.R.1276 13-H1276 on Mar 20, 2013
$25B more loans from Export-Import Bank.
Sanchez co-sponsored H.R.1031 & S.824
This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:
- Provide technical assistance to small businesses on how to apply for financial assistance from the Bank;
- Establish programs under which private financial institutions may share risk in the loans, guarantees, and other Bank products in exchange for receiving fees received from program participants.
- The Bank may enter into up to $25 billion worth of contracts of reinsurance, co-finance, or other risk-sharing arrangements on its portfolio or individual transactions with insurance companies, financial institutions, or export credit agencies.
Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You'd think the bank would spread the money around to
nurture up-and-coming businesses. You'd be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the "New Economic Patriotism," where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama's National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. "New Economic Patriotism" basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.
Source: Promoting U.S. Jobs Through Exports Act 15-HR1031 on Feb 24, 2015
Rated 50% by the USAE, indicating a mixed record on trade.
Sanchez scores 50% by USA*Engage on trade issues
Ratings by USA*Engage indicate support for trade engagement or trade sanctions. The organization's self-description: "USA*Engage is concerned about the proliferation of unilateral foreign policy sanctions at the federal, state and local level. Despite the fact that broad trade-based unilateral sanctions rarely achieve our foreign policy goals, they continue to have political appeal. Unilateral sanctions give the impression that the United States is 'doing something,' while American workers, farmers and businesses absorb the costs."
USA*Engage at Work
- Developing the Case: USA*Engage explains the benefits of economic engagement, and the high cost of sanctions for American exports, investment and jobs.
- Education: We recruit respected foreign policy and economic experts to speak out against sanctions, actively engage the media and provide outreach to key target states and Congressional districts.
- Contacting Government Officials: USA*Engage directly contacts Congressional, Administration, state and local officials.
VoteMatch scoring for the USA*Engage ratings is as follows :
Source: USA*Engage 2011-2012 ratings on Congress and politicians 2012-USAE on Dec 31, 2012
- 0%-49%: supports trade sanctions;
- 50%-74%: mixed record on trade engagement;
- 75%-100%: supports trade engagement.
Page last updated: Jun 29, 2017