Require the Secretary of State to seek to enter into negotiations with the Government of Ukraine for the establishment by that Government of a foreign investment review mechanism.

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Legislation Details

The legislation mandates the Secretary of State to negotiate with the Government of Ukraine to establish a foreign investment review mechanism.
The focus of the review mechanism is on foreign investments in Ukraine, particularly from the People’s Republic of China.
The proposed mechanism is intended to be similar to the reviews conducted by the Committee on Foreign Investment in the United States.
The United States will provide assistance to Ukraine in establishing this mechanism, which includes:
- Training for Ukrainian officials to develop necessary skills for conducting investment reviews.
- Assistance with purchasing equipment needed for the review process.
- Sending staff from the Committee on Foreign Investment in the United States to Ukraine for consultations.
The Secretary of State is granted direct hire authority to appoint qualified candidates to positions within the Department of State for this purpose.
The legislation authorizes $1,000,000 in appropriations for each fiscal year from 2025 to 2029 to support the assistance provided.
The provisions of this legislation will terminate five years after its enactment.

The legislation mandates the Secretary of State to negotiate with the Government of Ukraine to establish a foreign investment review mechanism.
The focus of the review mechanism is on foreign investments in Ukraine, particularly from the People’s Republic of China.
The proposed mechanism is intended to be similar to the reviews conducted by the Committee on Foreign Investment in the United States.
The United States will provide assistance to Ukraine in establishing this mechanism, which includes:
- Training for Ukrainian officials to develop necessary skills for conducting investment reviews.
- Assistance with purchasing equipment needed for the review process.
- Sending staff from the Committee on Foreign Investment in the United States to Ukraine for consultations.
The Secretary of State is granted direct hire authority to appoint qualified candidates to positions within the Department of State for this purpose.
The legislation authorizes $1,000,000 in appropriations for each fiscal year from 2025 to 2029 to support the assistance provided.
The provisions of this legislation will terminate five years after its enactment.