,i #aahth ,,congress #ast ,session ,h4 ,r4 #hac ,,in ,,the ,,house ,,of ,,representatives ,february #b1 #bjbc ,mr4 ,pence introduced the following bill2 which was referred to the ,committee on ,energy and ,commerce ,a ,,bill ,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 ,china2 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 investors or companies2 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 domestic standard of living2 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 and 7#g7 foreign direct investment by companies or other entities owned1 directed1 supported1 or influenced by the ,chinese ,communist ,party is a threat to ,u4,s4 security and merits an aggressive policy framework to protect ,u4,s4 interests1 jobs1 intellectual property1 and security4 #c4 ,foreign direct investment review 7a7 ,review ,the ,secretary of ,commerce and the ,comptroller ,general of the ,government ,accountability ,office1 in consultation with the ,federal ,interagency ,investment ,working ,group established by ,executive ,order #acegg and in consultation with the heads of other relevant ,federal departments and 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 current economic impact of foreign direct investment in the ,united ,states1 with particular focus on manufacturing1 services1 trade 7with an emphasis on digital trade71 and ,u4,s4 jobs4 7#b7 ,trends in global cross-border investment and data flows and the underlying factors for such trends4 7#c7 ,federal ,government policies 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 challenge 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 including1 the use of technical barriers to trade1 country-specific standards for technology products and digital services4 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 ,u4,s4 markets1 foreign direct investment responsible private-sector entities based in trusted countries1 or intellectual property4 7c7 ,limitation ,the review conducted pursuant to subsection 7a7 shall not address laws or policies relating to the ,committee on ,foreign ,investment in the ,united ,states4 7d7 ,public comment ,before-- 7#a7 conducting the review 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 review2 and 7#b7 the submission of the report 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 ,federal departments and agencies1 shall submit to ,congress 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 labor1 consumer1 financial1 or environmental protections of the ,united ,states4 7f7 ,definitions ,in this ,act3 7#a7 ,responsible private-sector entity ,the term responsible private-sector entity means an entity that the ,secretary of ,commerce 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#b7 ,secretary ,the term ,secretary means the ,secretary of ,commerce4 7#c7 ,trusted country ,the term trusted country means a country that is not determined by the ,secretary of ,commerce to be a of the ,united ,states4