Sponsors (3)
The bill seeks to attract and channel foreign investment to trusted partners to boost high‑tech R&D, jobs, and supply‑chain resilience, but it risks provoking trade retaliation, shrinking the FDI pool, imposing compliance burdens, and producing uneven regional and security trade‑offs.
U.S. companies and workers (particularly in firms that attract foreign capital) could see increased jobs and investment as the bill encourages inbound FDI from 'trusted' countries, expanding capital and hiring opportunities.
State and local governments and communities can adopt cataloged best practices to compete for higher-quality FDI, helping create local jobs and boost regional economic development.
Workers and firms in advanced technologies (AI, quantum, IoT, self-driving, blockchain) could gain clearer policy support that spurs high-tech R&D and well‑paid tech jobs in the U.S.
U.S. consumers and businesses could face higher costs if aggressive targeting of China-linked or other non-'trusted' entities provokes reciprocal restrictions and trade tensions.
Small businesses and some regions could lose investment if narrowing or favoring 'trusted' investors shrinks the overall pool of FDI, slowing job creation and growth in some areas.
If priorities tilt too far toward attracting investment, national security reviews could be weakened, potentially increasing security risks tied to incoming investment.
Based on analysis of 3 sections of legislative text.
Requires Commerce-led interagency review of U.S. competitiveness in attracting FDI from responsible private entities in trusted countries, with public comment and a report to Congress within one year.
Official title: 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.
Introduced February 27, 2025 by Gabe Evans · Last progress June 24, 2025
Requires the Secretary of Commerce, with the Comptroller General and other agencies, to lead an interagency review of U.S. competitiveness in attracting foreign direct investment (FDI) from “responsible private‑sector entities” in defined “trusted countries,” focusing on advanced technology and the digital economy. The bill directs public notice and comment, examines 15 specified topics (including greenfield vs. M&A investment, state‑owned or state‑backed enterprise activity with specific attention to entities influenced by the Chinese Communist Party, supply chains, IP/data localization barriers, and state/local initiatives), and requires a report to Congress with findings and recommendations within one year of enactment.