#aahth ,,congress #ast ,session ,h4 ,r4 #hac ,,an ,,act ,to direct the ,secretary of ,commerce1 in coordination with the heads of other relevant ,federal departments and agencies1 to conduct an interagency review of and report to ,congress on ways to increase the global competitiveness of the ,united ,states in attracting foreign direct investment4 #a4 ,short title ,this ,act may be cited as the ,global ,investment in ,american ,jobs ,act of #bjbc4 #b4 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 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 prosperity1 global competitiveness1 and security of the ,united ,states2 7#b7 it is a top national priority to enhance the global competitiveness1 economic prosperity1 and security of the ,united ,states by-- 7,a7 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 ,states2 7,b7 promoting policies to ensure the ,united ,states remains the premier global destination to invest1 hire1 innovate1 provide services1 and manufacture products2 7,c7 promoting policies to ensure the ,united ,states remains the global leader in developing and deploying cutting-edge technologies1 such as self-driving vehicle technology1 artificial intelligence1 ,internet of ,things1 quantum computing1 blockchain2 and 7,d7 promoting policies that maintain and expand resilient supply chains and reduce the dependence of the ,united ,states on supply chains from ,china and other foreign adversaries2 7#c7 maintaining the ,united ,states commitment to an open investment policy with private-sector entities based in trusted countries encourages other countries to reciprocate and enable the ,united ,states to open new markets abroad for ,united ,states companies and their products2 7#d7 while foreign direct investment by responsible private-sector entities based in trusted countries can enhance the ,united ,states economic strength1 policies regarding foreign direct investment should reflect security interests and should not disadvantage domestic investors1 companies1 or the workforce2 7#e7 ,united ,states efforts 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-living1 including for the workforce2 7#f7 as digital information becomes increasingly important to the ,united ,states economy and the development of new technologies and services that will be crucial to the country's competitiveness in the #bast century global economy1 barriers including data localization and infringement of intellectual property rights must be further addressed2 7#g7 foreign direct investment by companies or other entities owned1 directed1 supported1 or influenced by the ,chinese ,communist ,party is a threat to ,united ,states security and merits an aggressive policy framework to protect ,united ,states interests1 jobs1 intellectual property1 and security2 7#h7 foreign direct investment from any source should not result in the net loss of ,united ,states economic activity1 productive capabilities1 and supply chain resilience2 and 7#i7 foreign direct investment from any source should strengthen ,united ,states security and support ,united ,states workforce1 health and safety1 consumer1 and financial standards4 #c4 ,foreign direct investment review 7a7 ,review ,the ,secretary1 in consultation with the ,federal ,interagency ,investment ,working ,group established pursuant to ,executive ,order ,no4 #acegg 7#gf ,fed4 ,reg4 #cegae2 relating to establishment of the ,select,u,s,a ,initiative7 and in consultation with the heads of other relevant agencies1 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 and addressing key foreign trade barriers that firms in advanced technology sectors face in the global digital economy4 7b7 ,specific ,matters ,to ,be ,included ,the review conducted pursuant to subsection 7a7 shall include a review of the following3 7#a7 ,the economic impact of foreign direct investment in the ,united ,states1 with particular focus on manufacturing1 services1 trade 7with an emphasis on digital trade71 and ,united ,states jobs4 7#b7 ,trends in global cross-border investment and data flows and the underlying factors for such trends4 7#c7 ,federal ,government policies1 that facilitate foreign direct investment attraction and retention from responsible private-sector entities based in trusted countries4 7#d7 ,foreign direct investment as compared to direct investment by domestic entities4 7#e7 ,foreign direct investment that takes the form of greenfield investment as compared to foreign direct investment relating to merger and acquisition activity4 7#f7 ,the unique challenges posed by foreign direct investment1 particularly acquisitions1 in the ,united ,states by ,state-owned or ,state-backed enterprises1 especially from ,state-directed economies1 including companies or other entities owned1 directed1 supported1 or influenced by the ,chinese ,communist ,party4 7#g7 ,specific information on the prevalence of investments made by ,state-owned or ,state-backed enterprises1 especially from ,state-directed economies1 including companies or other entities owned1 directed1 supported1 or influenced by the ,chinese ,communist ,party1 with a particular focus on investments relating to manufacturing1 services1 trade 7with an emphasis on digital trade71 and jobs4 7#h7 ,how other trusted countries are dealing with the challenge1 including screening for and preventing market distorting investments1 of ,state-directed and ,state-supported investment and whether there are opportunities to work with like-minded nations to address such challenge4 7#i7 ,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 countries4 7#aj7 ,innovative and noteworthy initiatives by ,state and local government to attract foreign investment from responsible private-sector entities based in trusted countries4 7#aa7 ,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 countries4 7#ab7 ,the impact that protectionist policies by other countries1 including forced data localization rules1 forced localization of production1 industrial subsidies1 and the infringement of intellectual property rights1 have on the advanced technology economy of the ,united ,states and the ability for ,united ,states located firms to develop innovative technologies4 7#ac7 ,other barriers to the ability of the ,united ,states to compete globally in an increasingly connected and digital global economy1 including the use of technical barriers to trade 7such as country-specific standards for technology products and digital services74 7#ad7 ,the adequacy of efforts by the ,federal ,government to encourage and facilitate foreign direct investment in the ,united ,states4 7#ae7 ,efforts by the ,chinese ,communist ,party to circumvent existing laws to gain access to ,united ,states markets1 foreign direct investment responsible private-sector entities based in trusted countries1 or intellectual property4 7#af7 ,the extent to which foreign direct investment from any source1 including the ,chinese ,communist ,party1 results in displacement1 offshoring1 or outsourcing1 including the impact of such investment on supply chains4 7c7 ,limitation ,the review conducted pursuant to subsection 7a7 may not address laws or policies relating to the ,committee on ,foreign ,investment in the ,united ,states4 7d7 ,public ,comment 7#a7 ,review ,not sooner than #fj days before the date on which the review is commenced pursuant to subsection 7a71 the ,secretary shall publish notice of the review in the ,federal ,register and shall provide an opportunity for public comment on the matters to be covered by the review4 7#b7 ,report ,not sooner than #fj days before the date on which the report is submitted pursuant to subsection 7e71 the ,secretary shall publish the proposed findings and recommendations in the ,federal ,register and shall provide an opportunity for public comment4 7e7 ,report to congress ,not later than one year after the date of the enactment of this ,act1 the ,secretary1 in coordination with the ,federal ,interagency ,investment ,working ,group and the heads of other relevant agencies1 shall submit to ,congress and the ,comptroller ,general a report on the findings of the review required pursuant to subsection 7a7 and include 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 security1 workforce1 consumer1 or financial protections of the ,united ,states4 7f7 ,comptroller ,general ,review ,not later than one year after the date on which the ,comptroller ,general receives the report pursuant to subsection 7e71 the ,comptroller ,general shall submit to ,congress a review and assessment of the report4 7g7 ,definitions ,in this ,act3 7#a7 ,agency ,the term agency has the meaning given that term in section #eea of title #e1 ,united ,states ,code4 7#b7 ,foreign adversary ,the term foreign adversary has the meaning given that term in part #g4d of title #ae1 ,code of ,federal ,regulations4 7#c7 ,responsible private-sector entity ,the term responsible private-sector entity means an entity that the ,secretary determines is-- 7,a7 not organized under the laws of a foreign adversary2 and 7,b7 not owned1 controlled1 or otherwise subject to the influence of1 a foreign adversary4 7#d7 ,secretary ,the term ,secretary means the ,secretary of ,commerce4 7#e7 ,state ,the term ,state means each ,state of the ,united ,states1 the ,district of ,columbia1 each commonwealth1 territory1 or possession of the ,united ,states1 and each federally recognized ,indian ,tribe4 7#f7 ,trusted country ,the term trusted country means a country or economy that is not determined by the ,secretary to be a foreign adversary of the ,united ,states4 ,passed the ,house of ,representatives ,july #ag1 #bjbc4;,clerk4