S. 1608 — Introduced in Senate

II 113th CONGRESS 1st Session S. 1608 IN THE SENATE OF THE UNITED STATES October 29, 2013Mr. Schatz introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To authorize appropriations for the SelectUSA Initiative, and for other purposes. 1. Short title This Act may be cited as the SelectUSA Authorization Act of 2013. 2. SelectUSA Initiative defined In this Act, the term SelectUSA Initiative means the SelectUSA Initiative established by Executive Order 13577 of June 15, 2011. 3. Authorization of appropriations for the SelectUSA initiative There is authorized to be appropriated for the SelectUSA Initiative $17,000,000 for each of fiscal years 2014 through 2018. 4. Reports and notifications to Congress (a) In general Not later than December 31 of 2014, 2015, 2016, 2017, and 2018, the Secretary of Commerce shall submit to Congress a report on the activities of the SelectUSA Initiative during the preceding fiscal year. (b) Contents Each report submitted under subsection (a) shall include, for the period covered by the report, the following: (1) A description of the outreach activities of the SelectUSA Initiative and the amounts used by the SelectUSA Initiative for such activities. (2) The number of foreign firms that relocated to the United States as a result of the activities of the SelectUSA Initiative. (3) A description of the progress made by the United States in increasing its share of foreign direct investment from the Asia and Pacific regions. (4) Any findings that are made by the SelectUSA Initiative in conducting its activities and are relevant to promoting the United States as a destination for the location of foreign direct investment.