H.R. 7675

[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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