[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7675 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 7675
To require the Secretary of State to establish the Initiative on
Foreign Investment Screening, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 25, 2026
Mr. Castro of Texas (for himself and Mrs. Kim) introduced the following
bill; which was referred to the Committee on Foreign Affairs
_______________________________________________________________________
A BILL
To require the Secretary of State to establish the Initiative on
Foreign Investment Screening, and for other purposes.
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 ``Securing Partner Supply Chains
Act''.
SEC. 2. INITIATIVE ON FOREIGN INVESTMENT SCREENING.
(a) Findings.--Congress finds the following:
(1) Foreign investment can be beneficial to economic
growth, but also presents risks to national security if
critical infrastructure, sensitive technology, or supply chains
are compromised.
(2) Many foreign countries lack robust regulatory
frameworks to screen foreign investments for national security
concerns.
(3) Strengthening investment screening mechanisms worldwide
supports United States national security by enhancing allied
and partner countries' resilience against malign foreign
influence.
(4) The United States has expertise in investment screening
which can be leveraged to assist allies and partners.
(b) Initiative on Foreign Investment Screening.--
(1) Establishment.--Not later than 180 days after the date
of the enactment of this Act, the Secretary of State shall
establish the Initiative on Foreign Investment Screening (in
this section referred to as the ``Initiative'') which shall
terminate on the date that is 3 years after the date of such
establishment.
(2) Coordination.--The Secretary shall coordinate with the
heads of other government agencies, as appropriate, in the
establishment and activities of the initiative.
(3) Designated official.--The Secretary shall designate the
Under Secretary for Economic Growth, Energy, and the
Environment or the designee of the Under Secretary to lead the
initiative.
(4) Duties.--The Initiative shall--
(A) provide technical assistance, training, and
advisory services to foreign countries regarding best
practices for screening foreign investments for
national security risks to such countries;
(B) facilitate coordination among United States
agencies, the private sector, partner countries, and
civil society to promote investment security standards;
(C) support the development and implementation of
foreign investment screening mechanisms in partner
countries through regulatory guidance and information
sharing;
(D) assess the progress of partner countries in
establishing robust investment screening mechanisms;
and
(E) conduct outreach and capacity-building efforts
to enhance global awareness of investment security
risks.
(5) Annual report to congress.--Not later than one year
after the date of enactment of this Act, and annually
thereafter for 3 years, the Secretary shall submit to the
appropriate congressional committees a report on the activities
of the Initiative, including--
(A) a summary of technical assistance and training
provided to foreign countries;
(B) an assessment of progress made by foreign
countries in implementing investment screening
mechanisms;
(C) an evaluation of emerging national security
risks related to foreign investment;
(D) recommendations for further United States
engagement with foreign countries regarding investment
security assistance; and
(E) for each country determined by the Secretary to
be a partner country pursuant to subsection (c)(4)(C)
and not included in a previous report required in this
paragraph, a detailed description of the reasons for
such determination.
(c) Definitions.--In this section:
(1) Appropriate congressional committees.--The term
``appropriate congressional committees'' means the following:
(A) The Committee on Foreign Affairs of the House
of Representatives.
(B) The Committee on Foreign Relations of the
Senate.
(2) Foreign investment.--The term ``foreign investment''
means direct or indirect investment in the economy of a country
by--
(A) an individual who is not a citizen or national
of such country; or
(B) an entity that is not organized under the laws
of such country or any jurisdiction within such
country.
(3) National security risk.--The term ``national security
risk'' means a risk related to critical infrastructure,
sensitive technology, supply chain vulnerabilities, or malign
foreign influence.
(4) Partner country.--The term ``partner country'' means
the following:
(A) A country with which the United States has
entered into a bilateral or multilateral free trade
agreement.
(B) A country with which the United States has
entered into a mutual defense agreement by treaty.
(C) Any other country, as determined by the
Secretary.
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