Last progress June 24, 2025 (5 months ago)
Introduced on February 27, 2025 by Gabe Evans
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H2850-2851)
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
This measure, called the Global Investment in American Jobs Act of 2025, tells the Department of Commerce and the Government Accountability Office to lead a government-wide review on how to make the United States more competitive at attracting investment from responsible companies based in trusted countries, especially in advanced technology. After the review, they must report to Congress with recommendations to boost U.S. competitiveness.
The review will look at the impact of foreign investment on U.S. jobs and industries, trends in cross-border investment and data flows, federal policies that help attract and keep investment, the difference between new facilities and mergers, and risks from state-owned or state-backed firms, especially those linked to the Chinese Communist Party. It also considers how allies handle these issues and how rules like forced data localization and intellectual property theft abroad affect U.S. tech and digital trade. Before starting the review and before sending the final report, Commerce must publish notices and allow public comment. The report is due within one year. The review will not address laws or policies related to the Committee on Foreign Investment in the United States.