Sponsors (2)
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
Directs the federal government to review how well the United States competes to attract foreign direct investment (FDI) from responsible private companies in trusted countries and to produce a public report with recommendations within one year of enactment. The law sets key definitions (including "trusted country" and "responsible private sector entity"), expresses congressional findings about the economic and security value of welcoming FDI from trusted partners while guarding against risks from state-directed investors, and requires public comment opportunities during the review process.
The bill seeks to attract and manage more "trusted" foreign investment and to clarify implementation to spur jobs, innovation, and resilient supply chains—but it gives significant discretionary power and screening authority that could create business uncertainty, compliance costs, slower deals, and—
Federal agencies and businesses get clearer implementation rules because the bill names the Secretary of Commerce as the implementing official and reuses an existing statutory "foreign country of concern" definition, reducing administrative confusion.
Workers, startups, and manufacturers stand to gain from increased foreign direct investment (FDI) from designated "trusted" partners that can create jobs, provide capital for scaling, and support U.S. exporters and supply‑chain resilience.
U.S. leadership in advanced technologies (AI, quantum, autonomous systems, digital trade) is promoted, potentially expanding high‑paying STEM jobs and innovation opportunities for students, researchers, and tech companies.
Businesses face uncertainty because eligibility for the "responsible private sector entity" label depends on the Secretary's determination, which could be subjective or change over time and could exclude entities with complex or minority foreign ownership.
Relying on another statute's definition of "foreign country of concern" may import broad or evolving criteria that raise compliance costs and force firms to track legal changes over time.
Prioritizing investment from 'trusted' countries could disadvantage investors from non‑designated countries, reduce competition, and potentially raise costs for some consumers or buyers.
Introduced July 31, 2025 by Todd Young · Last progress March 24, 2026