I
119THCONGRESS
1
STSESSION H. R. 1679
To direct the Secretary of Commerce, in coordination with the heads of
other relevant Federal departments and agencies, to conduct an inter-
agency review of and report to Congress on ways to increase the global
competitiveness of the United States in attracting foreign direct invest-
ment.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY27, 2025
Mr. E
VANSof Colorado (for himself and Ms. KELLYof Illinois) introduced
the following bill; which was referred to the Committee on Energy and
Commerce
A BILL
To direct the Secretary of Commerce, in coordination with
the heads of other relevant Federal departments and
agencies, to conduct an interagency review of and report
to Congress on ways to increase the global competitive-
ness of the United States in attracting foreign direct
investment.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Global Investment in 4
American Jobs Act of 2025’’. 5
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SEC. 2. SENSE OF CONGRESS. 1
It is the sense of Congress that— 2
(1) the ability of the United States to attract 3
foreign direct investment from responsible private- 4
sector entities based in trusted countries is directly 5
linked to the long-term economic prosperity, global 6
competitiveness, and security of the United States; 7
(2) it is a top national priority to enhance the 8
global competitiveness, economic prosperity, and se-9
curity of the United States by— 10
(A) removing unnecessary barriers to for-11
eign direct investment from responsible private- 12
sector entities based in trusted countries and 13
the jobs that such investment creates through-14
out the United States; 15
(B) promoting policies to ensure the 16
United States remains the premier global des-17
tination to invest, hire, innovate, provide serv-18
ices, and manufacture products; 19
(C) promoting policies to ensure the 20
United States remains the global leader in de-21
veloping and deploying cutting-edge tech-22
nologies, such as self-driving vehicle technology, 23
artificial intelligence, Internet of Things, quan-24
tum computing, blockchain; and 25
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(D) promoting policies that maintain and 1
expand resilient supply chains and reduce the 2
dependence of the United States on supply 3
chains from China; 4
(3) maintaining the United States commitment 5
to an open investment policy with private-sector en-6
tities based in trusted countries encourages other 7
countries to reciprocate and enable the United 8
States to open new markets abroad for United 9
States companies and their products; 10
(4) while foreign direct investment by respon-11
sible private-sector entities based in trusted coun-12
tries can enhance the United States economic 13
strength, policies regarding foreign direct investment 14
should reflect security interests and should not dis-15
advantage domestic investors or companies; 16
(5) United States efforts to attract foreign di-17
rect investment from responsible private-sector enti-18
ties based in trusted countries should be consistent 19
with efforts to maintain and improve domestic 20
standard of living; 21
(6) as digital information becomes increasingly 22
important to the United States economy and the de-23
velopment of new technologies and services that will 24
be crucial to the country’s competitiveness in the 25
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21st century global economy, barriers including data 1
localization and infringement of intellectual property 2
rights must be further addressed; and 3
(7) foreign direct investment by companies or 4
other entities owned, directed, supported, or influ-5
enced by the Chinese Communist Party is a threat 6
to U.S. security and merits an aggressive policy 7
framework to protect U.S. interests, jobs, intellec-8
tual property, and security. 9
SEC. 3. FOREIGN DIRECT INVESTMENT REVIEW. 10
(a) R
EVIEW.—The Secretary of Commerce and the 11
Comptroller General of the Government Accountability Of-12
fice, in consultation with the Federal Interagency Invest-13
ment Working Group established by Executive Order 14
13577 and in consultation with the heads of other relevant 15
Federal departments and agencies, shall conduct an inter-16
agency review of the global competitiveness of the United 17
States in attracting foreign direct investment from respon-18
sible private-sector entities based in trusted countries and 19
addressing key foreign trade barriers that firms in ad-20
vanced technology sectors face in the global digital econ-21
omy. 22
(b) S
PECIFICMATTERSTOBEINCLUDED.—The re-23
view conducted pursuant to subsection (a) shall include 24
a review of the following: 25
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(1) The current economic impact of foreign di-1
rect investment in the United States, with particular 2
focus on manufacturing, services, trade (with an em-3
phasis on digital trade), and U.S. jobs. 4
(2) Trends in global cross-border investment 5
and data flows and the underlying factors for such 6
trends. 7
(3) Federal Government policies that facilitate 8
foreign direct investment attraction and retention 9
from responsible private-sector entities based in 10
trusted countries. 11
(4) Foreign direct investment as compared to 12
direct investment by domestic entities. 13
(5) Foreign direct investment that takes the 14
form of greenfield investment as compared to foreign 15
direct investment relating to merger and acquisition 16
activity. 17
(6) The unique challenges posed by foreign di-18
rect investment, particularly acquisitions, in the 19
United States by State-owned or State-backed enter-20
prises, especially from State-directed economies, in-21
cluding companies or other entities owned, directed, 22
supported, or influenced by the Chinese Communist 23
Party. 24
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(7) Specific information on the prevalence of in-1
vestments made by State-owned or State-backed en-2
terprises, especially from State-directed economies, 3
including companies or other entities owned, di-4
rected, supported, or influenced by the Chinese Com-5
munist Party, with a particular focus on investments 6
relating to manufacturing, services, trade (with an 7
emphasis on digital trade), and jobs. 8
(8) How other trusted countries are dealing 9
with the challenge of State-directed and State-sup-10
ported investment and whether there are opportuni-11
ties to work with like-minded nations to address 12
such challenge. 13
(9) Ongoing Federal Government efforts to im-14
prove the investment climate and facilitate greater 15
levels of foreign direct investment in the United 16
States from responsible private-sector entities based 17
in trusted countries. 18
(10) Innovative and noteworthy initiatives by 19
State and local government to attract foreign invest-20
ment from responsible private-sector entities based 21
in trusted countries. 22
(11) Initiatives by other countries to identify 23
best practices for increasing global competitiveness 24
in attracting foreign direct investment from respon-25
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sible private-sector entities based in trusted coun-1
tries. 2
(12) The impact that protectionist policies by 3
other countries, including forced data localization 4
rules, forced localization of production, industrial 5
subsidies, and the infringement of intellectual prop-6
erty rights, have on the advanced technology econ-7
omy of the United States and the ability for United 8
States located firms to develop innovative tech-9
nologies. 10
(13) Other barriers to the ability of the United 11
States to compete globally in an increasingly con-12
nected and digital global economy, including, the use 13
of technical barriers to trade, country-specific stand-14
ards for technology products and digital services. 15
(14) The adequacy of efforts by the Federal 16
Government to encourage and facilitate foreign di-17
rect investment in the United States. 18
(15) Efforts by the Chinese Communist Party 19
to circumvent existing laws to gain access to U.S. 20
markets, foreign direct investment responsible pri-21
vate-sector entities based in trusted countries, or in-22
tellectual property. 23
(c) L
IMITATION.—The review conducted pursuant to 24
subsection (a) shall not address laws or policies relating 25
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to the Committee on Foreign Investment in the United 1
States. 2
(d) P
UBLICCOMMENT.—Before— 3
(1) conducting the review pursuant to sub-4
section (a), the Secretary shall publish notice of the 5
review in the Federal Register and shall provide an 6
opportunity for public comment on the matters to be 7
covered by the review; and 8
(2) the submission of the report pursuant to 9
subsection (e), the Secretary shall publish the pro-10
posed findings and recommendations in the Federal 11
Register and shall provide an opportunity for public 12
comment. 13
(e) R
EPORT TOCONGRESS.—Not later than one year 14
after the date of the enactment of this Act, the Secretary, 15
in coordination with the Federal Interagency Investment 16
Working Group and the heads of other relevant Federal 17
departments and agencies, shall submit to Congress a re-18
port on the findings of the review required pursuant to 19
subsection (a) and include recommendations for increasing 20
the global competitiveness of the United States in attract-21
ing foreign direct investment from responsible private-sec-22
tor entities based in trusted countries in a manner that 23
strengthens or maintains the security, labor, consumer, fi-24
nancial, or environmental protections of the United States. 25
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(f) DEFINITIONS.—In this Act: 1
(1) R
ESPONSIBLE PRIVATE-SECTOR ENTITY.— 2
The term ‘‘responsible private-sector entity’’ means 3
an entity that the Secretary of Commerce deter-4
mines is— 5
(A) not organized under the laws of a for-6
eign adversary; and 7
(B) not owned, controlled, or otherwise 8
subject to the influence of, a foreign adversary. 9
(2) S
ECRETARY.—The term ‘‘Secretary’’ means 10
the Secretary of Commerce. 11
(3) T
RUSTED COUNTRY .—The term ‘‘trusted 12
country’’ means a country that is not determined by 13
the Secretary of Commerce to be a of the United 14
States. 15
Æ
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