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Reviewing Foreign Investment: Boosting US Jobs and Economic Security

This law requires the government to conduct a detailed review of how the United States can better attract foreign direct investment from companies based in trusted countries. The goal is to create new jobs, strengthen supply chains, and maintain technological leadership, while simultaneously identifying and addressing threats posed by investments controlled by foreign adversaries, such as China. Citizens can expect the findings of this review to inform future policies aimed at supporting domestic production and economic security.
Key points
The government must study how to remove barriers for foreign investments that create jobs in the US (e.g., in manufacturing and technology).
A key focus is protecting the economy and intellectual property from investments controlled by adversarial governments (like the Chinese Communist Party).
The review ensures that new investments do not result in the net loss of US jobs or the outsourcing of production capabilities.
The Secretary of Commerce must report findings and recommendations to Congress within one year to increase US competitiveness in attracting safe investments.
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Additional Information
Print number: 118_S_2368
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2023-07-19