Global Investment in American Jobs Act of 2025 in plain language
1: Short title
This section would let the Act be called the Global Investment in American Jobs Act of 2025.
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1. Short title This Act may be cited as the Global Investment in American Jobs Act of 2025 .
2: Definitions
This section would define four terms used in the Act. 'Federal Interagency Investment Working Group' would mean the working group already established by Executive Order 13577 (75 Fed. Reg. 35715), which set up the SelectUSA Initiative. 'Responsible private sector entity' would mean an entity that the Secretary determines is both not organized under the laws of a foreign adversary and not owned, controlled, or otherwise subject to the influence of a foreign adversary. 'Secretary' would mean the Secretary of Commerce. 'Trusted country' would mean a country that the Secretary has not determined to be a foreign adversary of the United States.
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2. Definitions In this Act: (1) Federal Interagency Investment Working Group The term Federal Interagency Investment Working Group means the Federal Interagency Investment Working Group established by Executive Order 13577 (75 Fed. Reg. 35715; relating to the establishment of the SelectUSA Initiative). (2) Responsible private sector entity The term responsible private sector entity means an entity that the Secretary determines is— (A) not organized under the laws of a foreign adversary; and (B) not owned, controlled, or otherwise subject to the influence of a foreign adversary. (3) Secretary The term Secretary means the Secretary of Commerce. (4) Trusted country The term trusted country means a country that is not determined by the Secretary to be a foreign adversary of the United States.
3: Sense of Congress
This section would state Congress's views, without creating any binding requirement. Congress would state that the ability of the United States to attract foreign direct investment from responsible private sector entities based in trusted countries is directly linked to the country's long-term economic prosperity, global competitiveness, and security; that it is a top national priority to enhance the country's global competitiveness, economic prosperity, and security by removing unnecessary barriers to such investment and the jobs it creates throughout the United States, by promoting policies that keep the United States the premier destination to invest, hire, innovate, provide services, and manufacture products, by promoting policies that keep the United States the global leader in developing and deploying technologies such as self-driving vehicles, artificial intelligence, the Internet of Things, quantum computing, and blockchain, and by promoting policies that maintain and expand resilient supply chains and reduce the country's dependence on supply chains from China; that maintaining an open investment policy toward private sector entities based in trusted countries encourages other countries to reciprocate and helps the United States open new markets abroad for its companies and products; that while foreign direct investment from responsible private sector entities based in trusted countries can strengthen the United States economy, policies on foreign direct investment should reflect security interests and should not put domestic investors or companies at a disadvantage; that efforts to attract such investment should be consistent with efforts to maintain and improve the domestic standard of living; that as digital information becomes more important to the United States economy and to developing new technologies and services, barriers such as data localization requirements and infringement of intellectual property rights must be further addressed; and that foreign direct investment by companies or other entities owned, directed, supported, or influenced by the Chinese Communist Party is a threat to United States security and calls for an aggressive policy framework to protect the country's interests, jobs, intellectual property, and security.
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3. Sense of Congress It is the sense of Congress that— (1) the ability of the United States to attract foreign direct investment from responsible private sector entities based in trusted countries is directly linked to the long-term economic prosperity, global competitiveness, and security of the United States; (2) it is a top national priority to enhance the global competitiveness, economic prosperity, and security of the United States by— (A) removing unnecessary barriers to foreign direct investment from responsible private sector entities based in trusted countries and the jobs that such investment creates throughout the United States; (B) promoting policies to ensure the United States remains the premier global destination to invest, hire, innovate, provide services, and manufacture products; (C) promoting policies to ensure the United States remains the global leader in developing and deploying cutting-edge technologies, such as self-driving vehicle technology, artificial intelligence, Internet of Things, quantum computing, and blockchain; and (D) promoting policies that maintain and expand resilient supply chains and reduce the dependence of the United States on supply chains from China; (3) maintaining the United States commitment to an open investment policy with private sector entities based in trusted countries encourages other countries to reciprocate and enables the United States to open new markets abroad for United States companies and their products; (4) while foreign direct investment by responsible private sector entities based in trusted countries can enhance the economic strength of the United States, policies regarding foreign direct investment should reflect security interests and should not disadvantage domestic investors or companies; (5) the efforts of the United States to attract foreign direct investment from responsible private sector entities based in trusted countries should be consistent with efforts to maintain and improve the domestic standard of living; (6) as digital information becomes increasingly important to the economy of the United States and the development of new technologies and services that will be crucial to the competitiveness of the United States in the 21st century global economy, barriers, including data localization and infringement of intellectual property rights, must be further addressed; and (7) foreign direct investment by companies or other entities owned, directed, supported, or influenced by the Chinese Communist Party is a threat to the security of the United States and merits an aggressive policy framework to protect the interests, jobs, intellectual property, and security of the United States.
4: Foreign direct investment review
This section would require the Secretary of Commerce and the Comptroller General of the United States, working with the Federal Interagency Investment Working Group and the heads of other relevant federal departments and agencies, to conduct an interagency review of how globally competitive the United States is at attracting foreign direct investment from responsible private sector entities based in trusted countries, and the review would have to address key foreign trade barriers that firms in advanced technology sectors face in the global digital economy. The review would have to cover: the current economic impact of foreign direct investment in the United States, focusing on manufacturing, services, trade (especially digital trade), and jobs; trends in global cross-border investment and data flows and what is driving them; federal policies that help attract and retain foreign direct investment from responsible private sector entities based in trusted countries; how foreign direct investment compares to investment by domestic entities; how foreign direct investment in the form of new, or 'greenfield,' projects compares to foreign direct investment made through mergers and acquisitions; the particular challenges that foreign direct investment by state-owned or state-backed enterprises poses in the United States, with particular attention to investment made through acquisitions and to enterprises based in state-directed economies, including companies or other entities owned, directed, supported, or influenced by the Chinese Communist Party; specific information on how common such state-owned or state-backed investments are, with particular focus on manufacturing, services, trade (especially digital trade), and jobs; how other trusted countries are handling the challenge of state-directed and state-supported investment and whether the United States could work with like-minded countries on it; ongoing federal efforts to improve the investment climate and increase foreign direct investment from responsible private sector entities based in trusted countries; notable state and local government initiatives to attract such investment; other countries' initiatives to identify best practices for attracting foreign direct investment; the impact that other countries' protectionist policies, including forced data localization rules, forced localization of production, industrial subsidies, and infringement of intellectual property rights, have on the United States advanced technology economy and on the ability of firms in the United States to develop innovative technologies; other barriers to the United States competing globally in an increasingly connected and digital economy, including technical trade barriers, country-specific product standards, and digital services barriers; whether federal efforts to encourage and facilitate foreign direct investment are adequate; and efforts by the Chinese Communist Party to get around existing laws to gain access to markets in the United States, to foreign direct investment in responsible private sector entities based in trusted countries, or to intellectual property. The review would not be allowed to address laws or policies relating to the Committee on Foreign Investment in the United States. Before starting the review, the Secretary would have to publish notice of the review in the Federal Register and give the public a chance to comment on what the review should cover. Before submitting the report described below, the Secretary would have to publish the report's proposed findings and recommendations in the Federal Register and again give the public a chance to comment. Within 1 year after the Act becomes law, the Secretary, working with the Federal Interagency Investment Working Group and the heads of other relevant federal departments and agencies, would have to submit a report to Congress on the review's findings, including recommendations for increasing the United States' global competitiveness in attracting foreign direct investment from responsible private sector entities based in trusted countries in a way that strengthens or maintains the country's security, labor, consumer, financial, or environmental protections.
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4. Foreign direct investment review (a) In general The Secretary and the Comptroller General of United States, in consultation with the Federal Interagency Investment Working Group and the heads of other relevant Federal departments and agencies, shall conduct an interagency review of the global competitiveness of the United States in attracting foreign direct investment from responsible private sector entities based in trusted countries that addresses key foreign trade barriers that firms in advanced technology sectors face in the global digital economy. (b) Specific matters To be included The review conducted under subsection (a) shall include a review of the following: (1) The current economic impact of foreign direct investment in the United States, with particular focus on manufacturing, services, trade (with an emphasis on digital trade), and jobs in the United States. (2) Trends in global cross-border investment and data flows and the underlying factors for those trends. (3) Federal Government policies that facilitate foreign direct investment attraction and retention from responsible private sector entities based in trusted countries. (4) Foreign direct investment compared to direct investment by domestic entities. (5) Foreign direct investment that takes the form of greenfield investment compared to foreign direct investment relating to merger and acquisition activity. (6) The unique challenges posed by foreign direct investment, particularly acquisitions, in the United States by State-owned or State-backed enterprises, especially from State-directed economies, including companies or other entities owned, directed, supported, or influenced by the Chinese Communist Party. (7) Specific information on the prevalence of investments made by State-owned or State-backed enterprises, especially from State-directed economies, including companies or other entities owned, directed, supported, or influenced by the Chinese Communist Party, with a particular focus on investments relating to manufacturing, services, trade (with an emphasis on digital trade), and jobs. (8) How trusted countries are dealing with the challenge of State-directed and State-supported investment and whether there are opportunities to work with like-minded countries to address that challenge. (9) Ongoing Federal Government efforts to improve the investment climate and facilitate greater levels of foreign direct investment in the United States from responsible private sector entities based in trusted countries. (10) Innovative and noteworthy initiatives by State and local government to attract foreign investment from responsible private sector entities based in trusted countries. (11) Initiatives by other countries to identify best practices for increasing global competitiveness in attracting foreign direct investment from responsible private sector entities based in trusted countries. (12) The impact that protectionist policies by other countries, including forced data localization rules, forced localization of production, industrial subsidies, and the infringement of intellectual property rights, have on the advanced technology economy of the United States and the ability for firms located in the United States to develop innovative technologies. (13) Other barriers to the ability of the United States to compete globally in an increasingly connected and digital global economy, including the use of technical barriers to trade, country-specific standards for technology products, and digital services. (14) The adequacy of efforts by the Federal Government to encourage and facilitate foreign direct investment in the United States. (15) Efforts by the Chinese Communist Party to circumvent existing laws to gain access to— (A) markets in the United States; (B) foreign direct investment in responsible private sector entities based in trusted countries; or (C) intellectual property. (c) Limitation The review conducted under subsection (a) shall not address laws or policies relating to the Committee on Foreign Investment in the United States. (d) Public comment (1) Review Before the date on which the Secretary begins the review required under subsection (a), the Secretary shall— (A) publish in the Federal Register notice of the review; and (B) provide an opportunity for public comment on the matters to be covered by the review. (2) Submission Before the date on which the Secretary submits the report required under subsection (e), the Secretary shall— (A) publish in the Federal Register the proposed findings and recommendations contained in the report; and (B) provide an opportunity for public comment. (e) Report to Congress Not later than 1 year after the date of enactment of this Act, the Secretary, in coordination with the Federal Interagency Investment Working Group and the heads of other relevant Federal departments and agencies, shall submit to Congress a report on the findings of the review required under subsection (a) that includes recommendations for increasing the global competitiveness of the United States in attracting foreign direct investment from responsible private sector entities based in trusted countries in a manner that strengthens or maintains the security, labor, consumer, financial, or environmental protections of the United States.