[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2563 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
1st Session
S. 2563
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.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 31, 2025
Mr. Young (for himself and Mr. Peters) introduced the following bill;
which was read twice and referred to the Committee on Commerce,
Science, and Transportation
_______________________________________________________________________
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 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. DEFINITIONS.
In this Act:
(1) Federal interagency investment working group.--The term
``Federal Interagency Investment Working Group'' means the
Federal Interagency Investment Working Group established by
Executive Order 13577 (75 Fed. Reg. 35715; relating to the
establishment of the SelectUSA Initiative).
(2) Responsible private sector entity.--The term
``responsible private sector entity'' means an entity that the
Secretary 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.
(3) Secretary.--The term ``Secretary'' means the Secretary
of Commerce.
(4) Trusted country.--The term ``trusted country'' means a
country that is not determined by the Secretary to be a foreign
adversary of the United States.
SEC. 3. 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, and 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 enables
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
economic strength of the United States, policies regarding
foreign direct investment should reflect security interests and
should not disadvantage domestic investors or companies;
(5) the efforts of the United States to attract foreign
direct investment from responsible private sector entities
based in trusted countries should be consistent with efforts to
maintain and improve the domestic standard of living;
(6) as digital information becomes increasingly important
to the economy of the United States and the development of new
technologies and services that will be crucial to the
competitiveness of the United States 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 the security of the
United States and merits an aggressive policy framework to
protect the interests, jobs, intellectual property, and
security of the United States.
SEC. 4. FOREIGN DIRECT INVESTMENT REVIEW.
(a) In General.--The Secretary and the Comptroller General of
United States, in consultation with the Federal Interagency Investment
Working Group and 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 that addresses 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 under
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 jobs in the United States.
(2) Trends in global cross-border investment and data flows
and the underlying factors for those 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 compared to direct investment
by domestic entities.
(5) Foreign direct investment that takes the form of
greenfield investment 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 trusted countries are dealing with the challenge of
State-directed and State-supported investment and whether there
are opportunities to work with like-minded countries to address
that 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 firms located in the United States 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--
(A) markets in the United States;
(B) foreign direct investment in responsible
private sector entities based in trusted countries; or
(C) intellectual property.
(c) Limitation.--The review conducted under subsection (a) shall
not address laws or policies relating to the Committee on Foreign
Investment in the United States.
(d) Public Comment.--
(1) Review.--Before the date on which the Secretary begins
the review required under subsection (a), the Secretary shall--
(A) publish in the Federal Register notice of the
review; and
(B) provide an opportunity for public comment on
the matters to be covered by the review.
(2) Submission.--Before the date on which the Secretary
submits the report required under subsection (e), the Secretary
shall--
(A) publish in the Federal Register the proposed
findings and recommendations contained in the report;
and
(B) provide an opportunity for public comment.
(e) Report to Congress.--Not later than 1 year after the date of
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 under subsection (a) that includes
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.
<all>