,i #aaeth ,,congress #b;d ,session ,h4 ,r4 #gaec ,,in ,,the ,,house ,,of ,,representatives ,november #af1 #bjah,mr4 ,mc,caul 7for himself and ,mr4 ,schweikert7 introduced the following bill2 which was referred to the ,committee on ,foreign ,affairs ,a ,,bill ,to foster commercial relations with foreign countries and support ,american business interests abroad in the conduct of foreign policy1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,championing ,american ,business ,through ,diplomacy ,act of #bjah4 #b4 ,economic diplomacy within the ,department of ,state ,subsection 7c7 of section #a of the ,state ,department ,basic ,authorities ,act of #aief 7#bb ,u4,s4,c4 #bfea;a7 is amended-- 7#a7 by redesignating paragraph 7#c7 as paragraph 7#d72 and 7#b7 by inserting after paragraph 7#b7 the following new paragraph3 7#c7 ,assistant ,secretary for ,economic and ,business ,affairs 7,a7 ,in general ,subject to the numerical limitation specified in paragraph 7#a71 there is authorized to be established in the ,department of ,state an ,assistant ,secretary of ,state for ,economic and ,business ,affairs who shall be responsible to the ,secretary of ,state for matters pertaining to international economics and business matters in the conduct of foreign policy4 7,b7 ,matters contemplated ,the matters referred to in subparagraph 7,a7 include the following3 7i7 ,international trade and investment policy4 7ii7 ,international finance1 development1 and debt policy4 7iii7 ,economic sanctions and combating terrorist financing4 7iv7 ,international transportation policy4 7v7 ,support for ,united ,states businesses4 7vi7 ,economic policy analysis1 public diplomacy1 and private sector outreach4 7vii7 ,such other related duties as the ,secretary may from time to time designate4 4 #c4 ,chief of mission responsibilities ,section #bjg of the ,foreign ,service ,act of #aihj 7#bb ,u4,s4,c4 #cibg7 is amended by adding at the end the following new subsection3 7d7 ,promotion of ,united ,states economic interests ,each chief of mission to a foreign country shall have as a principal duty the promotion of ,united ,states economic and business interests in such country4 4 #d4 ,increased training in economic and commercial diplomacy ,section #gjh of the ,foreign ,service ,act of #aihj 7#bb ,u4,s4,c4 #djbh7 is amended by adding at the end the following new subsection3 7d7 ,economic diplomacy ,the ,secretary of ,state1 with the assistance of other relevant officials of the ,department of ,state1 such as the ,assistant ,secretary for ,economic and ,business ,affairs1 shall establish as part of the standard training provided for officers of the ,service1 including chiefs of mission and deputy chiefs of mission1 training on matters related to economic and commercial diplomacy1 with particular attention to market access for ,united ,states businesses1 commercial advocacy1 and ,united ,states foreign economic policy4 4 #e4 ,report from each mission on matters of commercial relations 7a7 ,in general ,not later than #ahj days after the date of the enactment of this ,act annually thereafter1 the chief of mission at each ,united ,states embassy shall submit to the ,secretary of ,state a report on the specific actions taken during the previous year to foster commercial relations and safeguard ,united ,states business interests in the country or region in which each such chief of mission serves4 7b7 ,matters ,to be included ,each report required under subsection 7a7 shall include the following3 7#a7 ,a list that includes the specific business sectors and the number of companies by sector that each ,united ,states embassy aided over the course of the previous year in fostering commercial relations in the relevant country or region4 7#b7 ,a description of actions each ,united ,states embassy took to aid the business sectors identified under paragraph 7#a74 7#c7 ,an assessment of fields with respect to which each ,united ,states embassy can improve the ability of each such embassy to foster commercial relations and safeguard ,united ,states business interests in the relevant country or region4 7#d7 ,information about significant foreign competition to ,united ,states businesses in the relevant country or region1 including state-directed investments by authoritarian governments and ,united ,states strategic competitors in such country or region1 and whether or not such investments pose risks to ,united ,states foreign policy and national security interests in such country or region4 7c7 ,report to ,congress ,the ,secretary of ,state1 upon receiving each report required under subsection 7a7 from each chief of mission1 shall submit to the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate an annual report on activities1 including with appropriate examples1 by the ,department of ,state to promote ,united ,states business interests abroad1 as well as actions and investments by foreign competitors that are determined to be risks to ,united ,states foreign policy and national security interests4 7d7 ,form of report ,the report described in subsection 7c7 shall be in unclassified form but may include classified annexes4 #f4 ,report on unified investment climate statement and country commercial guide 7a7 ,in general ,the ,secretary of ,state and the ,secretary of ,commerce shall jointly produce and make publicly available on an internet website of the ,department of ,state and the ,department of ,commerce1 respectively1 an annual country-specific report regarding topics to foster commercial relations with foreign countries and safeguard ,united ,states business interests abroad1 including with regard to ,united ,states exports and investments1 including by small- and medium-size enterprises4 7b7 ,matters ,to be included ,each report required under subsection 7a7 shall include the following with respect to each country covered by each such report3 7#a7 ,information about doing business in each country4 7#b7 ,background information about each country's political environment4 7#c7 ,information about selling ,united ,states products and services in each country4 7#d7 ,leading sectors for ,united ,states exports and investment in each country4 7#e7 ,information about trade regulations1 customs1 and standards in each country1 such as-- 7,a7 information on import tariffs2 and 7,b7 documentation about which ,united ,states businesses should be aware when exporting1 including any prohibited items or temporary entry procedures4 7#f7 ,investment climate statements describing each country's openness to foreign investments1 such as information relating to each country's-- 7,a7 investment policies2 7,b7 market barriers2 7,c7 business risks2 7,d7 legal and regulatory system1 including dispute resolution2 7,e7 level of public and private sector corruption2 7,f7 level of political violence2 7,g7 labor issues2 and 7,h7 protection of property rights4 7#g7 ,information about trade and project financing in each country1 such as each country's-- 7,a7 banking and financial system1 and how ,united ,states businesses typically get paid2 7,b7 foreign exchange controls2 and 7,c7 important sources of funding for project financing4 7#h7 ,relevant business travel information and business customs in each country4 7#i7 ,information about ,united ,states embassy services and personnel available to ,united ,states businesses to support their activities in each country4 #g4 ,report by ,comptroller ,general of the ,united ,states 7a7 ,in general ,not later than two years after the date of the enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall submit to the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,foreign ,relations of the ,senate a report on ,united ,states economic and commercial diplomacy4 7b7 ,matters ,to be included ,the report required under subsection 7a7 shall include an assessment of the following3 7#a7 ,what is known about the effectiveness of ,united ,states economic and commercial diplomacy in influencing foreign governments and supporting ,united ,states businesses abroad1 including by small- and medium-sized enterprises4 7#b7 ,coordination between the ,department of ,state and the ,department of ,commerce with respect to ,united ,states economic and commercial diplomacy4 7#c7 ,the effectiveness of training provided pursuant to subsection 7d7 of section #gjh of the ,foreign ,service ,act of #aihj 7as added by section #d of this ,act7 on matters relating to economic and commercial diplomacy4 7#d7 ,recommendations to improve ,united ,states economic and commercial diplomacy4