| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1679 |
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| 5 | 5 | | To direct the Secretary of Commerce, in coordination with the heads of |
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| 6 | 6 | | other relevant Federal departments and agencies, to conduct an inter- |
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| 7 | 7 | | agency review of and report to Congress on ways to increase the global |
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| 8 | 8 | | competitiveness of the United States in attracting foreign direct invest- |
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| 9 | 9 | | ment. |
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| 10 | 10 | | IN THE HOUSE OF REPRESENTATIVES |
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| 11 | 11 | | FEBRUARY27, 2025 |
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| 12 | 12 | | Mr. E |
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| 13 | 13 | | VANSof Colorado (for himself and Ms. KELLYof Illinois) introduced |
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| 14 | 14 | | the following bill; which was referred to the Committee on Energy and |
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| 15 | 15 | | Commerce |
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| 16 | 16 | | A BILL |
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| 17 | 17 | | To direct the Secretary of Commerce, in coordination with |
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| 18 | 18 | | the heads of other relevant Federal departments and |
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| 19 | 19 | | agencies, to conduct an interagency review of and report |
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| 20 | 20 | | to Congress on ways to increase the global competitive- |
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| 21 | 21 | | ness of the United States in attracting foreign direct |
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| 22 | 22 | | investment. |
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| 23 | 23 | | Be it enacted by the Senate and House of Representa-1 |
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| 24 | 24 | | tives of the United States of America in Congress assembled, 2 |
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| 25 | 25 | | SECTION 1. SHORT TITLE. 3 |
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| 26 | 26 | | This Act may be cited as the ‘‘Global Investment in 4 |
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| 27 | 27 | | American Jobs Act of 2025’’. 5 |
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| 29 | 29 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 30 | 30 | | •HR 1679 IH |
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| 31 | 31 | | SEC. 2. SENSE OF CONGRESS. 1 |
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| 32 | 32 | | It is the sense of Congress that— 2 |
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| 33 | 33 | | (1) the ability of the United States to attract 3 |
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| 34 | 34 | | foreign direct investment from responsible private- 4 |
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| 35 | 35 | | sector entities based in trusted countries is directly 5 |
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| 36 | 36 | | linked to the long-term economic prosperity, global 6 |
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| 37 | 37 | | competitiveness, and security of the United States; 7 |
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| 38 | 38 | | (2) it is a top national priority to enhance the 8 |
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| 39 | 39 | | global competitiveness, economic prosperity, and se-9 |
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| 40 | 40 | | curity of the United States by— 10 |
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| 41 | 41 | | (A) removing unnecessary barriers to for-11 |
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| 42 | 42 | | eign direct investment from responsible private- 12 |
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| 43 | 43 | | sector entities based in trusted countries and 13 |
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| 44 | 44 | | the jobs that such investment creates through-14 |
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| 45 | 45 | | out the United States; 15 |
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| 46 | 46 | | (B) promoting policies to ensure the 16 |
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| 47 | 47 | | United States remains the premier global des-17 |
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| 48 | 48 | | tination to invest, hire, innovate, provide serv-18 |
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| 49 | 49 | | ices, and manufacture products; 19 |
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| 50 | 50 | | (C) promoting policies to ensure the 20 |
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| 51 | 51 | | United States remains the global leader in de-21 |
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| 52 | 52 | | veloping and deploying cutting-edge tech-22 |
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| 53 | 53 | | nologies, such as self-driving vehicle technology, 23 |
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| 54 | 54 | | artificial intelligence, Internet of Things, quan-24 |
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| 55 | 55 | | tum computing, blockchain; and 25 |
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| 58 | 58 | | •HR 1679 IH |
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| 59 | 59 | | (D) promoting policies that maintain and 1 |
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| 60 | 60 | | expand resilient supply chains and reduce the 2 |
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| 61 | 61 | | dependence of the United States on supply 3 |
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| 62 | 62 | | chains from China; 4 |
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| 63 | 63 | | (3) maintaining the United States commitment 5 |
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| 64 | 64 | | to an open investment policy with private-sector en-6 |
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| 65 | 65 | | tities based in trusted countries encourages other 7 |
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| 66 | 66 | | countries to reciprocate and enable the United 8 |
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| 67 | 67 | | States to open new markets abroad for United 9 |
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| 68 | 68 | | States companies and their products; 10 |
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| 69 | 69 | | (4) while foreign direct investment by respon-11 |
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| 70 | 70 | | sible private-sector entities based in trusted coun-12 |
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| 71 | 71 | | tries can enhance the United States economic 13 |
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| 72 | 72 | | strength, policies regarding foreign direct investment 14 |
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| 73 | 73 | | should reflect security interests and should not dis-15 |
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| 74 | 74 | | advantage domestic investors or companies; 16 |
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| 75 | 75 | | (5) United States efforts to attract foreign di-17 |
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| 76 | 76 | | rect investment from responsible private-sector enti-18 |
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| 77 | 77 | | ties based in trusted countries should be consistent 19 |
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| 78 | 78 | | with efforts to maintain and improve domestic 20 |
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| 79 | 79 | | standard of living; 21 |
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| 80 | 80 | | (6) as digital information becomes increasingly 22 |
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| 81 | 81 | | important to the United States economy and the de-23 |
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| 82 | 82 | | velopment of new technologies and services that will 24 |
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| 83 | 83 | | be crucial to the country’s competitiveness in the 25 |
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| 85 | 85 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 4 |
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| 86 | 86 | | •HR 1679 IH |
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| 87 | 87 | | 21st century global economy, barriers including data 1 |
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| 88 | 88 | | localization and infringement of intellectual property 2 |
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| 89 | 89 | | rights must be further addressed; and 3 |
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| 90 | 90 | | (7) foreign direct investment by companies or 4 |
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| 91 | 91 | | other entities owned, directed, supported, or influ-5 |
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| 92 | 92 | | enced by the Chinese Communist Party is a threat 6 |
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| 93 | 93 | | to U.S. security and merits an aggressive policy 7 |
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| 94 | 94 | | framework to protect U.S. interests, jobs, intellec-8 |
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| 95 | 95 | | tual property, and security. 9 |
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| 96 | 96 | | SEC. 3. FOREIGN DIRECT INVESTMENT REVIEW. 10 |
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| 97 | 97 | | (a) R |
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| 98 | 98 | | EVIEW.—The Secretary of Commerce and the 11 |
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| 99 | 99 | | Comptroller General of the Government Accountability Of-12 |
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| 100 | 100 | | fice, in consultation with the Federal Interagency Invest-13 |
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| 101 | 101 | | ment Working Group established by Executive Order 14 |
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| 102 | 102 | | 13577 and in consultation with the heads of other relevant 15 |
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| 103 | 103 | | Federal departments and agencies, shall conduct an inter-16 |
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| 104 | 104 | | agency review of the global competitiveness of the United 17 |
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| 105 | 105 | | States in attracting foreign direct investment from respon-18 |
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| 106 | 106 | | sible private-sector entities based in trusted countries and 19 |
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| 107 | 107 | | addressing key foreign trade barriers that firms in ad-20 |
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| 108 | 108 | | vanced technology sectors face in the global digital econ-21 |
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| 109 | 109 | | omy. 22 |
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| 110 | 110 | | (b) S |
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| 111 | 111 | | PECIFICMATTERSTOBEINCLUDED.—The re-23 |
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| 112 | 112 | | view conducted pursuant to subsection (a) shall include 24 |
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| 113 | 113 | | a review of the following: 25 |
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| 115 | 115 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 5 |
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| 116 | 116 | | •HR 1679 IH |
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| 117 | 117 | | (1) The current economic impact of foreign di-1 |
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| 118 | 118 | | rect investment in the United States, with particular 2 |
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| 119 | 119 | | focus on manufacturing, services, trade (with an em-3 |
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| 120 | 120 | | phasis on digital trade), and U.S. jobs. 4 |
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| 121 | 121 | | (2) Trends in global cross-border investment 5 |
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| 122 | 122 | | and data flows and the underlying factors for such 6 |
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| 123 | 123 | | trends. 7 |
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| 124 | 124 | | (3) Federal Government policies that facilitate 8 |
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| 125 | 125 | | foreign direct investment attraction and retention 9 |
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| 126 | 126 | | from responsible private-sector entities based in 10 |
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| 127 | 127 | | trusted countries. 11 |
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| 128 | 128 | | (4) Foreign direct investment as compared to 12 |
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| 129 | 129 | | direct investment by domestic entities. 13 |
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| 130 | 130 | | (5) Foreign direct investment that takes the 14 |
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| 131 | 131 | | form of greenfield investment as compared to foreign 15 |
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| 132 | 132 | | direct investment relating to merger and acquisition 16 |
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| 133 | 133 | | activity. 17 |
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| 134 | 134 | | (6) The unique challenges posed by foreign di-18 |
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| 135 | 135 | | rect investment, particularly acquisitions, in the 19 |
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| 136 | 136 | | United States by State-owned or State-backed enter-20 |
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| 137 | 137 | | prises, especially from State-directed economies, in-21 |
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| 138 | 138 | | cluding companies or other entities owned, directed, 22 |
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| 139 | 139 | | supported, or influenced by the Chinese Communist 23 |
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| 140 | 140 | | Party. 24 |
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| 143 | 143 | | •HR 1679 IH |
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| 144 | 144 | | (7) Specific information on the prevalence of in-1 |
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| 145 | 145 | | vestments made by State-owned or State-backed en-2 |
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| 146 | 146 | | terprises, especially from State-directed economies, 3 |
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| 147 | 147 | | including companies or other entities owned, di-4 |
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| 148 | 148 | | rected, supported, or influenced by the Chinese Com-5 |
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| 149 | 149 | | munist Party, with a particular focus on investments 6 |
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| 150 | 150 | | relating to manufacturing, services, trade (with an 7 |
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| 151 | 151 | | emphasis on digital trade), and jobs. 8 |
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| 152 | 152 | | (8) How other trusted countries are dealing 9 |
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| 153 | 153 | | with the challenge of State-directed and State-sup-10 |
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| 154 | 154 | | ported investment and whether there are opportuni-11 |
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| 155 | 155 | | ties to work with like-minded nations to address 12 |
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| 156 | 156 | | such challenge. 13 |
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| 157 | 157 | | (9) Ongoing Federal Government efforts to im-14 |
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| 158 | 158 | | prove the investment climate and facilitate greater 15 |
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| 159 | 159 | | levels of foreign direct investment in the United 16 |
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| 160 | 160 | | States from responsible private-sector entities based 17 |
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| 161 | 161 | | in trusted countries. 18 |
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| 162 | 162 | | (10) Innovative and noteworthy initiatives by 19 |
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| 163 | 163 | | State and local government to attract foreign invest-20 |
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| 164 | 164 | | ment from responsible private-sector entities based 21 |
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| 165 | 165 | | in trusted countries. 22 |
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| 166 | 166 | | (11) Initiatives by other countries to identify 23 |
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| 167 | 167 | | best practices for increasing global competitiveness 24 |
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| 168 | 168 | | in attracting foreign direct investment from respon-25 |
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| 171 | 171 | | •HR 1679 IH |
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| 172 | 172 | | sible private-sector entities based in trusted coun-1 |
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| 173 | 173 | | tries. 2 |
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| 174 | 174 | | (12) The impact that protectionist policies by 3 |
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| 175 | 175 | | other countries, including forced data localization 4 |
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| 176 | 176 | | rules, forced localization of production, industrial 5 |
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| 177 | 177 | | subsidies, and the infringement of intellectual prop-6 |
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| 178 | 178 | | erty rights, have on the advanced technology econ-7 |
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| 179 | 179 | | omy of the United States and the ability for United 8 |
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| 180 | 180 | | States located firms to develop innovative tech-9 |
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| 181 | 181 | | nologies. 10 |
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| 182 | 182 | | (13) Other barriers to the ability of the United 11 |
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| 183 | 183 | | States to compete globally in an increasingly con-12 |
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| 184 | 184 | | nected and digital global economy, including, the use 13 |
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| 185 | 185 | | of technical barriers to trade, country-specific stand-14 |
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| 186 | 186 | | ards for technology products and digital services. 15 |
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| 187 | 187 | | (14) The adequacy of efforts by the Federal 16 |
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| 188 | 188 | | Government to encourage and facilitate foreign di-17 |
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| 189 | 189 | | rect investment in the United States. 18 |
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| 190 | 190 | | (15) Efforts by the Chinese Communist Party 19 |
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| 191 | 191 | | to circumvent existing laws to gain access to U.S. 20 |
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| 192 | 192 | | markets, foreign direct investment responsible pri-21 |
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| 193 | 193 | | vate-sector entities based in trusted countries, or in-22 |
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| 194 | 194 | | tellectual property. 23 |
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| 195 | 195 | | (c) L |
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| 196 | 196 | | IMITATION.—The review conducted pursuant to 24 |
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| 197 | 197 | | subsection (a) shall not address laws or policies relating 25 |
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| 200 | 200 | | •HR 1679 IH |
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| 201 | 201 | | to the Committee on Foreign Investment in the United 1 |
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| 202 | 202 | | States. 2 |
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| 203 | 203 | | (d) P |
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| 204 | 204 | | UBLICCOMMENT.—Before— 3 |
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| 205 | 205 | | (1) conducting the review pursuant to sub-4 |
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| 206 | 206 | | section (a), the Secretary shall publish notice of the 5 |
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| 207 | 207 | | review in the Federal Register and shall provide an 6 |
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| 208 | 208 | | opportunity for public comment on the matters to be 7 |
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| 209 | 209 | | covered by the review; and 8 |
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| 210 | 210 | | (2) the submission of the report pursuant to 9 |
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| 211 | 211 | | subsection (e), the Secretary shall publish the pro-10 |
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| 212 | 212 | | posed findings and recommendations in the Federal 11 |
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| 213 | 213 | | Register and shall provide an opportunity for public 12 |
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| 214 | 214 | | comment. 13 |
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| 215 | 215 | | (e) R |
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| 216 | 216 | | EPORT TOCONGRESS.—Not later than one year 14 |
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| 217 | 217 | | after the date of the enactment of this Act, the Secretary, 15 |
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| 218 | 218 | | in coordination with the Federal Interagency Investment 16 |
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| 219 | 219 | | Working Group and the heads of other relevant Federal 17 |
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| 220 | 220 | | departments and agencies, shall submit to Congress a re-18 |
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| 221 | 221 | | port on the findings of the review required pursuant to 19 |
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| 222 | 222 | | subsection (a) and include recommendations for increasing 20 |
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| 223 | 223 | | the global competitiveness of the United States in attract-21 |
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| 224 | 224 | | ing foreign direct investment from responsible private-sec-22 |
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| 225 | 225 | | tor entities based in trusted countries in a manner that 23 |
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| 226 | 226 | | strengthens or maintains the security, labor, consumer, fi-24 |
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| 227 | 227 | | nancial, or environmental protections of the United States. 25 |
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| 230 | 230 | | •HR 1679 IH |
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| 231 | 231 | | (f) DEFINITIONS.—In this Act: 1 |
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| 232 | 232 | | (1) R |
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| 233 | 233 | | ESPONSIBLE PRIVATE-SECTOR ENTITY.— 2 |
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| 234 | 234 | | The term ‘‘responsible private-sector entity’’ means 3 |
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| 235 | 235 | | an entity that the Secretary of Commerce deter-4 |
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| 236 | 236 | | mines is— 5 |
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| 237 | 237 | | (A) not organized under the laws of a for-6 |
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| 238 | 238 | | eign adversary; and 7 |
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| 239 | 239 | | (B) not owned, controlled, or otherwise 8 |
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| 240 | 240 | | subject to the influence of, a foreign adversary. 9 |
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| 241 | 241 | | (2) S |
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| 242 | 242 | | ECRETARY.—The term ‘‘Secretary’’ means 10 |
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| 243 | 243 | | the Secretary of Commerce. 11 |
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| 244 | 244 | | (3) T |
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| 245 | 245 | | RUSTED COUNTRY .—The term ‘‘trusted 12 |
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| 246 | 246 | | country’’ means a country that is not determined by 13 |
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| 247 | 247 | | the Secretary of Commerce to be a of the United 14 |
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| 248 | 248 | | States. 15 |
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| 249 | 249 | | Æ |
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