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Congressional Daily Record
This section captures a floor statement or debate entry. It mentions legislation such as Global Investment in American Jobs Act of 2025, committees such as Committee on Commerce, Science, and Transportation, members such as John A. Barrasso.
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March 22, 2026
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Download official Senate Record PDFReturn to issue contextMr. BARRASSO. Mr. President, I ask unanimous consent that the Senate proceed to the immediate consideration of Calendar No. 356, S. 2563.
The ACTING PRESIDENT pro tempore. The clerk will report the bill by title.
The legislative clerk read as follows:
A bill (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.
which had been reported from the Committee on Commerce, Science, and Transportation with an amendment to strike all after the enacting clause and insert the part printed in italic, as follows:
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) Foreign country of concern.—The term “foreign country
of concern” has the meaning given the term in section 9901
of the William M. (Mac) Thornberry National Defense
Authorization Act for Fiscal Year 2021 (15 U.S.C. 4651).
(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 country of
concern; and
(B) not owned by, controlled by, or otherwise subject to
the influence of a foreign country of concern.
(3) Secretary.—The term “Secretary” means the Secretary
of Commerce.
(4) Trusted country.—The term “trusted country” means a
country that is not a foreign country of concern.
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, the 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 foreign countries of concern;
(3) maintaining the commitment of the United States 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;
(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 a
foreign country of concern 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 the United States, in consultation with relevant
interagency working groups 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 foreign
countries of concern.
(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 foreign
countries of concern, 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 from foreign countries of concern 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 governments to attract foreign investment from
responsible private sector entities based in trusted
countries.
(11) Initiatives by other trusted countries to identify
best practices for increasing global competitiveness in
attracting foreign direct investment from responsible private
sector entities based in other 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 of firms located in the United States to develop
innovative technologies, especially when those policies arise
from foreign countries of concern.
(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 relevant interagency working groups and the heads of
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.
Mr. BARRASSO. I ask unanimous consent that the committee-reported substitute amendment be considered and agreed to; that the bill, as amended, be considered read a third time and passed; and that the motion to reconsider be considered made and laid upon the table.
The ACTING PRESIDENT pro tempore. Without objection, it is so ordered.
The bill (S. 2563), as amended, was ordered to be engrossed for a third reading, was read the third time, and passed.