#aaith ,,congress #b;d ,session ,s4 #befc ,,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 #bjbe4 #b4 ,definitions ,in this ,act3 7#a7 ,foreign country of concern ,the term foreign country of concern has the meaning given the term in section #iija of the ,william ,m4 7,mac7 ,thornberry ,national ,defense ,authorization ,act for ,fiscal ,year #bjba 7#ae ,u4,s4,c4 #dfea74 7#b7 ,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 country of concern2 and 7,b7 not owned by1 controlled by1 or otherwise subject to the influence of a foreign country of concern4 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,commerce4 7#d7 ,trusted country ,the term trusted country means a country that is not a foreign country of concern4 #c4 ,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 the ,internet of ,things1 quantum computing1 and 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 foreign countries of concern2 7#c7 maintaining the commitment of the ,united ,states 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 products2 7#d7 while foreign direct investment by responsible private sector entities based in trusted countries can enhance the economic strength of the ,united ,states1 policies regarding foreign direct investment should reflect security interests2 7#e7 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 living2 7#f7 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 #bast century global economy1 barriers1 including data localization and infringement of intellectual property rights1 must be further addressed2 and 7#g7 foreign direct investment by companies or other entities owned1 directed1 supported1 or influenced by a foreign country of concern is a threat to the security of the ,united ,states and merits an aggressive policy framework to protect the interests1 jobs1 intellectual property1 and security of the ,united ,states4 #d4 ,foreign direct investment review 7a7 ,in general ,the ,secretary and the ,comptroller ,general of the ,united ,states1 in consultation with relevant interagency working groups and 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 that addresses 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 under 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 jobs in the ,united ,states4 7#b7 ,trends in global cross-border investment and data flows and the underlying factors for those 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 compared to direct investment by domestic entities4 7#e7 ,foreign direct investment that takes the form of greenfield investment 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 foreign countries of concern4 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 foreign countries of concern1 with a particular focus on investments relating to manufacturing1 services1 trade 7with an emphasis on digital trade71 and jobs4 7#h7 ,how trusted countries are dealing with the challenge of state-directed and state-supported investment from foreign countries of concern and whether there are opportunities to work with like-minded countries to address that 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 governments to attract foreign investment from responsible private sector entities based in trusted countries4 7#aa7 ,initiatives by other trusted countries to identify best practices for increasing global competitiveness in attracting foreign direct investment from responsible private sector entities based in other 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 of firms located in the ,united ,states to develop innovative technologies1 especially when those policies arise from foreign countries of concern4 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 trade1 country-specific standards for technology products1 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-- 7,a7 markets in the ,united ,states2 7,b7 foreign direct investment in responsible private sector entities based in trusted countries2 or 7,c7 intellectual property4 7c7 ,limitation ,the review conducted under subsection 7a7 shall not address laws or policies relating to the ,committee on ,foreign ,investment in the ,united ,states4 7d7 ,public comment 7#a7 ,review ,before the date on which the ,secretary begins the review required under subsection 7a71 the ,secretary shall-- 7,a7 publish in the ,federal ,register notice of the review2 and 7,b7 provide an opportunity for public comment on the matters to be covered by the review4 7#b7 ,submission ,before the date on which the ,secretary submits the report required under subsection 7e71 the ,secretary shall-- 7,a7 publish in the ,federal ,register the proposed findings and recommendations contained in the report2 and 7,b7 provide an opportunity for public comment4 7e7 ,report to ,congress ,not later than #a year after the date of enactment of this ,act1 the ,secretary1 in coordination with relevant interagency working groups and the heads of relevant ,federal departments and agencies1 shall submit to ,congress a report on the findings of the review required under subsection 7a7 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 security1 labor1 consumer1 financial1 or environmental protections of the ,united ,states4 ,passed the ,senate ,march #bb1 #bjbf4,secretary