The White House also credits him with setting up a new center to crack down on unfair trade practices and overseeing trade policy for the administration.
Froman also has strong business ties, having worked at Citigroup.
If confirmed, he’ll take charge of what the Obama administration has said will be an aggressive trade agenda in Obama’s second term. The president has called for negotiating a major new trade pact with Europe and the U.S. is negotiating a sweeping Trans-Pacific Partnership agreement with nearly a dozen other countries.
Froman would replace Ron Kirk, who left the position in March.
Hillary Rodham Clinton, center, along with former Secretary of State Madeleine Albright, right, and Annette Tilleman-Dick, left, wife for former Rep. Tom Lanots, D-Calif. Clinton was honored with the Tom Lantos Human Rights Prize during a ceremony last week at the Cannon House Office Building. Previous winners include the Dalai Lama and Elie Wiesel.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.