Bill > HR1679

This bill directs the Secretary of Commerce to conduct a comprehensive review of foreign direct investment (FDI) in the United States, with the goal of enhancing the country's global competitiveness. The review will examine the current economic impact of FDI, focusing on manufacturing, services, trade, and job creation, while also analyzing trends in cross-border investment and data flows. The Secretary will consult with other federal agencies and the Federal Interagency Investment Working Group to investigate policies that attract and retain investment from "responsible private-sector entities" in "trusted countries" - defined as entities and nations not affiliated with foreign adversaries. The review will specifically explore challenges posed by state-owned enterprises, particularly those from state-directed economies like China, and will assess barriers to investment such as data localization rules, intellectual property infringements, and technical trade barriers. The bill emphasizes maintaining U.S. economic security while promoting an open investment policy, and requires the Secretary to publish opportunities for public comment and submit a detailed report to Congress within one year of the act's enactment, including recommendations for increasing U.S. global investment competitiveness while preserving national security and protective standards.

Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/1679/all-info