Last progress July 31, 2025 (4 months ago)
Introduced on July 31, 2025 by Todd Young
Read twice and referred to the Committee on Commerce, Science, and Transportation.
This bill tells the Department of Commerce to lead a government-wide study on how to bring more safe, responsible foreign investment into the United States, especially in high‑tech areas. The study will look at jobs, manufacturing, services, and digital trade; compare foreign and domestic investment; and review barriers like forced data storage rules in other countries and stolen intellectual property. It will also examine risks from state-owned or state-backed companies, especially those tied to the Chinese government, and how trusted allies are handling those risks. The goal is to suggest ways to attract investment from “trusted countries” while protecting U.S. security, workers, consumers, finance, and the environment .
Before the study starts and before the final report is sent to Congress, the public will get a chance to comment. A report with findings and recommended actions is due within one year. The review will not deal with laws about the Committee on Foreign Investment in the U.S. (CFIUS). Overall, Congress states that bringing in responsible investment from trusted countries can boost America’s economy and technology leadership, as long as it does not harm national security or put U.S. companies at a disadvantage .