119-hr1679

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1679 Referred in Senate

    (RFS) ]

<DOC>
119th CONGRESS
 1st Session
 H. R. 1679

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 June 24, 2025

 Received; read twice and referred to the Committee on Commerce, 
 Science, and Transportation

_______________________________________________________________________

 AN ACT

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 competitiveness of the United States in attracting foreign 
 direct investment.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Global Investment in American Jobs 
Act of 2025''.

SEC. 2. SENSE OF CONGRESS.

 It is the sense of Congress that--

    (1) the ability of the United States to attract foreign 
 direct investment from responsible private-sector entities 
 based in trusted countries is directly linked to the long-term 
 economic prosperity, global competitiveness, and security of 
 the United States;

    (2) it is a top national priority to enhance the global 
 competitiveness, economic prosperity, and security of the 
 United States by--
        (A) removing unnecessary barriers to foreign direct 
 investment from responsible private-sector entities 
 based in trusted countries and the jobs that such 
 investment creates throughout the United States;
        (B) promoting policies to ensure the United States 
 remains the premier global destination to invest, hire, 
 innovate, provide services, and manufacture products;
            (C) promoting policies to ensure the United States 
 remains the global leader in developing and deploying 
 cutting-edge technologies, such as self-driving vehicle 
 technology, artificial intelligence, Internet of 
 Things, quantum computing, blockchain; and
            (D) promoting policies that maintain and expand 
 resilient supply chains and reduce the dependence of 
 the United States on supply chains from China;

    (3) maintaining the United States commitment to an open 
 investment policy with private-sector entities based in trusted 
 countries encourages other countries to reciprocate and enable 
 the United States to open new markets abroad for United States 
 companies and their products;

    (4) while foreign direct investment by responsible private-
 sector entities based in trusted countries can enhance the 
 United States economic strength, policies regarding foreign 
 direct investment should reflect security interests and should 
 not disadvantage domestic investors or companies;

    (5) United States efforts to attract foreign direct 
 investment from responsible private-sector entities based in 
 trusted countries should be consistent with efforts to maintain 
 and improve domestic standard of living;

    (6) as digital information becomes increasingly important 
 to the United States economy and the development of new 
 technologies and services that will be crucial to the country's 
 competitiveness in the 21st century global economy, barriers 
 including data localization and infringement of intellectual 
 property rights must be further addressed; and

    (7) foreign direct investment by companies or other 
 entities owned, directed, supported, or influenced by the 
 Chinese Communist Party is a threat to U.S. security and merits 
 an aggressive policy framework to protect U.S. interests, jobs, 
 intellectual property, and security.

SEC. 3. FOREIGN DIRECT INVESTMENT REVIEW.

    (a) Review.--The Secretary of Commerce and the Comptroller General 
of the Government Accountability Office, in consultation with the 
Federal Interagency Investment Working Group established by Executive 
Order 13577 and in consultation with the heads of other relevant 
Federal departments and agencies, shall conduct an interagency review 
of the global competitiveness of the United States in attracting 
foreign direct investment from responsible private-sector entities 
based in trusted countries and addressing key foreign trade barriers 
that firms in advanced technology sectors face in the global digital 
economy.

    (b) Specific Matters To Be Included.--The review conducted pursuant 
to subsection

    (a) shall include a review of the following:

    (1) The current economic impact of foreign direct 
 investment in the United States, with particular focus on 
 manufacturing, services, trade (with an emphasis on digital 
 trade), and U.S. jobs.

    (2) Trends in global cross-border investment and data flows 
 and the underlying factors for such trends.

    (3) Federal Government policies that facilitate foreign 
 direct investment attraction and retention from responsible 
 private-sector entities based in trusted countries.

    (4) Foreign direct investment as compared to direct 
 investment by domestic entities.

    (5) Foreign direct investment that takes the form of 
 greenfield investment as compared to foreign direct investment 
 relating to merger and acquisition activity.

    (6) The unique challenges posed by foreign direct 
 investment, particularly acquisitions, in the United States by 
 State-owned or State-backed enterprises, especially from State-
 directed economies, including companies or other entities 
 owned, directed, supported, or influenced by the Chinese 
 Communist Party.

    (7) Specific information on the prevalence of investments 
 made by State-owned or State-backed enterprises, especially 
 from State-directed economies, including companies or other 
 entities owned, directed, supported, or influenced by the 
 Chinese Communist Party, with a particular focus on investments 
 relating to manufacturing, services, trade (with an emphasis on 
 digital trade), and jobs.

    (8) How other trusted countries are dealing with the 
 challenge of State-directed and State-supported investment and 
 whether there are opportunities to work with like-minded 
 nations to address such challenge.

    (9) Ongoing Federal Government efforts to improve the 
 investment climate and facilitate greater levels of foreign 
 direct investment in the United States from responsible 
 private-sector entities based in trusted countries.

    (10) Innovative and noteworthy initiatives by State and 
 local government to attract foreign investment from responsible 
 private-sector entities based in trusted countries.

    (11) Initiatives by other countries to identify best 
 practices for increasing global competitiveness in attracting 
 foreign direct investment from responsible private-sector 
 entities based in trusted countries.

    (12) The impact that protectionist policies by other 
 countries, including forced data localization rules, forced 
 localization of production, industrial subsidies, and the 
 infringement of intellectual property rights, have on the 
 advanced technology economy of the United States and the 
 ability for United States located firms to develop innovative 
 technologies.

    (13) Other barriers to the ability of the United States to 
 compete globally in an increasingly connected and digital 
 global economy, including, the use of technical barriers to 
 trade, country-specific standards for technology products and 
 digital services.

    (14) The adequacy of efforts by the Federal Government to 
 encourage and facilitate foreign direct investment in the 
 United States.

    (15) Efforts by the Chinese Communist Party to circumvent 
 existing laws to gain access to U.S. markets, foreign direct 
 investment responsible private-sector entities based in trusted 
 countries, or intellectual property.
            (c) Limitation.--The review conducted pursuant to subsection

    (a) shall not address laws or policies relating to the Committee on Foreign 
Investment in the United States.
            (d) Public Comment.--Before--

    (1) conducting the review pursuant to subsection

    (a) , the 
 Secretary shall publish notice of the review in the Federal 
 Register and shall provide an opportunity for public comment on 
 the matters to be covered by the review; and

    (2) the submission of the report pursuant to subsection

    (e) , the Secretary shall publish the proposed findings and 
 recommendations in the Federal Register and shall provide an 
 opportunity for public comment.

    (e) Report to Congress.--Not later than one year after the date of 
the enactment of this Act, the Secretary, in coordination with the 
Federal Interagency Investment Working Group and the heads of other 
relevant Federal departments and agencies, shall submit to Congress a 
report on the findings of the review required pursuant to subsection

    (a) and include recommendations for increasing the global 
competitiveness of the United States in attracting foreign direct 
investment from responsible private-sector entities based in trusted 
countries in a manner that strengthens or maintains the security, 
labor, consumer, financial, or environmental protections of the United 
States.

    (f) 

=== Definitions. ===
-In this Act:

    (1) Responsible private-sector entity.--The term 
 ``responsible private-sector entity'' means an entity that the 
 Secretary of Commerce determines is--
        (A) not organized under the laws of a foreign 
 adversary; and
        (B) not owned, controlled, or otherwise subject to 
 the influence of, a foreign adversary.

    (2) Secretary.--The term ``Secretary'' means the Secretary 
 of Commerce.

    (3) Trusted country.--The term ``trusted country'' means a 
 country that is not determined by the Secretary of Commerce to 
 be a of the United States.

 Passed the House of Representatives June 23, 2025.

 Attest:

 KEVIN F. MCCUMBER,

 Clerk.