Sponsors (2)
The bill aims to strengthen U.S. national security and protect North American supply chains through coordinated investment screening with Canada and Mexico, but does so at the cost of higher compliance and taxpayer expenses and a risk of diplomatic friction and slowed foreign investment.
Small-business-owners and middle-class-families: closer U.S.-Canada-Mexico coordination on foreign investment reviews could better protect North American supply chains that support millions of U.S. jobs.
Taxpayers and small-business-owners: coordinated investment-screening with Canada and Mexico could strengthen U.S. national security by blocking risky acquisitions from nonmarket economies.
State-governments and local-governments: U.S. technical assistance (training, advisers, grants) can help Canada and Mexico build effective review systems faster, improving bilateral enforcement cooperation.
Small-business-owners and middle-class-families: implementing and coordinating new investment-screening regimes could raise compliance costs and slow foreign investment, increasing costs for some U.S. businesses and consumers.
Taxpayers: providing technical assistance and coordinating reviews with partners may require U.S. government resources, imposing additional costs on taxpayers.
State-governments and local-governments: pressuring Canada or Mexico to adopt U.S.-style investment rules could create diplomatic friction and disputes over sovereignty and regulatory autonomy.
Based on analysis of 2 sections of legislative text.
Directs the USTR to seek adoption by Canada and Mexico of investment-review laws like DPA section 721 and to create USMCA coordination on nonmarket-economy investments, with U.S. technical assistance.
Directs the U.S. Trade Representative to press Canada and Mexico, during the first post-enactment USMCA joint review, to adopt foreign-investment review laws like U.S. DPA section 721 and to establish a USMCA coordination mechanism to address investments from nonmarket-economy countries (including the PRC). Requires the Trade Representative to coordinate with the Treasury and State Departments to offer technical assistance to help Canada and Mexico build those review frameworks. The bill sets definitions for key terms and contains no new funding or specific regulatory mandates for U.S. domestic entities.
Introduced September 18, 2025 by David Harold McCormick · Last progress September 18, 2025