H.R. 1679

[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.