[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6707 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 6707
To direct the United States Trade Representative to prioritize North
American alignment on foreign investment review during the next joint
review conducted under the United States-Mexico-Canada Agreement.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 15, 2025
Mr. Arrington (for himself, Mr. Schneider, Mr. Moran, and Mr.
Moolenaar) introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To direct the United States Trade Representative to prioritize North
American alignment on foreign investment review during the next joint
review conducted under the United States-Mexico-Canada Agreement.
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 ``Consistency in Foreign Investment in
the United States-Mexico-Canada Agreement Act'' or the ``CFIUSMCA
Act''.
SEC. 2. NORTH AMERICAN ALIGNMENT ON FOREIGN INVESTMENT REVIEW.
(a) Sense of Congress.--It is the sense of Congress that--
(1) Canada and Mexico are the two largest trading partners
of the United States, with bilateral goods and services trade
between the United States and each such country reaching
approximately $1,000,000,000,000 in 2024;
(2) the United States-Mexico-Canada Agreement (USMCA)
underpins much of the trade referred to in paragraph (1) and
promotes a strong North American supply chain that supports
millions of good-paying jobs in the United States;
(3) given the close economic relationship between the
United States, Mexico, and Canada under the USMCA, ensuring
that each party has robust investment review mechanisms in
place is important towards strengthening the collective
national security interests of those countries;
(4) the Committee on Foreign Investment in the United
States plays a critical role in protecting the national
security of the United States by reviewing foreign investments
for national security risks; and
(5) the establishment or modification by Mexico and Canada
of legislative and regulatory frameworks to review foreign
investments for national security risks that are similar to the
framework established under section 721 of the Defense
Production Act of 1950 (50 U.S.C. 4565) would--
(A) advance the national security interests of the
United States; and
(B) allow for closer coordination between the USMCA
countries with respect to shared threats from
investments in strategically important economic sectors
and critical infrastructure in North America.
(b) Joint Review Negotiation Objective.--Subject to the
requirements of section 611 of the United States-Mexico-Canada
Agreement Implementation Act (19 U.S.C. 4611), during the first joint
review conducted after the date of the enactment of this Act, the Trade
Representative shall advocate for--
(1) each USMCA country to implement a legislative and
regulatory framework for reviewing foreign investment for
national security risks that is similar to the framework
established under section 721 of the Defense Production Act of
1950 (50 U.S.C. 4565); and
(2) the establishment of a mechanism for USMCA countries to
coordinate to address shared threats from investments in
strategically important economic sectors and critical
infrastructure in North America that is overseen by the Trade
Representative, Secretary of State, and Secretary of the
Treasury and provides a forum for each USMCA country to--
(A) implement this mechanism;
(B) enhance communication and cooperation among the
USMCA countries related to shared threats from foreign
investment;
(C) facilitate the development of consistent
foreign investment screening practices and standards
among the USMCA countries;
(D) exchange information on shared threats from
investments in strategically important economic sectors
and critical infrastructure;
(E) notify the other USMCA countries of investments
in strategically important economic sectors and
critical infrastructure; and
(F) identify, consult, manage, and resolve existing
or proposed foreign investments in one USMCA country
determined to pose a national security risk to another
USMCA country.
(c) Technical Assistance.--In carrying out subsection (b)(1), the
Trade Representative shall coordinate with the Secretary of the
Treasury and the Secretary of State with respect to the provision of
technical assistance to USMCA countries to support the establishment or
modification of frameworks for reviewing foreign investments for
national security risks. With respect to the provision of technical
assistance to USMCA countries to support the establishment or
modification of frameworks for reviewing foreign investment for
national security risks, the Trade Representative shall also consult
closely and on a timely basis with appropriate Congressional
committees, including the Committee on Ways and Means of the House of
Representatives and the Committee on Finance of the Senate.
(d) Definitions.--In this section:
(1) Critical infrastructure.--The term ``critical
infrastructure'' means, in the context of a particular covered
control transaction, systems and assets, whether physical or
virtual, so vital to the United States that the incapacity or
destruction of such systems or assets would have a debilitating
impact on national security.
(2) Foreign investment.--The term ``foreign investment''
has the meaning given the terms ``covered investment'',
``covered investment critical infrastructure'', and ``covered
transaction'' in sections 800.211 through 800.213 of title 31,
Code of Federal Regulations.
(3) Joint review.--The term ``joint review'' has the
meaning given that term in section 611 of the United States-
Mexico-Canada Agreement Implementation Act (19 U.S.C. 4611).
(4) Trade representative.--The term ``Trade
Representative'' means the United States Trade Representative.
(5) National security risk.--The term ``national security
risk'' has the meaning given that term for purposes of any
determination under section 721 of the Defense Production Act
of 1950, including as provided in Executive Order 14083 (87
Fed. Reg. 57369; relating to ensuring robust consideration of
evolving national security risks by the Committee on Foreign
Investment in the United States).
(6) Strategically important economic sectors.--The term
``strategically important economic sectors'' includes--
(A) advanced computing;
(B) advanced engineering materials;
(C) advanced gas turbine engine technologies;
(D) advanced and networked sensing and signature
management;
(E) advanced manufacturing;
(F) artificial intelligence;
(G) biotechnologies;
(H) critical technologies, as such term is defined
in section 800.215 of title 31, Code of Federal
Regulations;
(I) data privacy, data security, and cybersecurity
technologies;
(J) directed energy;
(K) highly automated, autonomous, and uncrewed
systems, and robotics;
(L) human-machine interfaces;
(M) hypersonics;
(N) integrated communication and networking
technologies;
(O) positioning, navigation, and timing
technologies;
(P) quantum information and enabling technologies;
(Q) semiconductors and microelectronics; and
(R) space technologies and systems.
(7) USMCA.--The term ``USMCA'' has the meaning given that
term in section 3 of the United States-Mexico-Canada Agreement
Implementation Act (19 U.S.C. 4502).
(8) USMCA country.--The term ``USMCA country'' has the
meaning given that term in section 202(a) of the United States-
Mexico-Canada Agreement Implementation Act (19 U.S.C. 4531(a)).
<all>