,,ii  #aaith ,,congress  #ast ,session  
,s4 #bhfa  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ah 
7legislative day1 ,september #af71 #bjbe
 ,mr4 ,mc,cormick 7for himself and ,ms4 
,cortez ,masto7 introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,finance  ,a      
,,bill  ,to direct the ,united ,states  
,trade ,representative to prioritize    
,north ,american alignment on foreign   
investment review during the next joint 
review conducted under the ,united      
,states-,mexico-,canada ,agreement4  #a4
  ,short title  ,this ,act may be cited 
as the ,protecting the ,,usmca from     
,harmful ,chinese ,investment ,act4  #b4
  ,north ,american alignment on foreign 
investment review  7a7  ,sense of       
,congress  ,it is the sense of ,congress
 that-- 7#a7 ,canada and ,mexico are the
 two largest trading partners of the    
,united ,states1 with bilateral goods   
and services trade between the ,united  
,states and each such country reaching  

approximately #a1jjj1jjj1jjj1jjj in     
#bjbd2  7#b7 the ,united                
,states-,mexico-,canada ,agreement      
7,,usmca7 underpins much of the trade   
referred to in paragraph 7#a7 and       
promotes a strong ,north ,american      
supply chain that supports millions of  
good-paying jobs in the ,united ,states2
  7#c7 given the close economic         
relationship between the ,united        
,states1 ,mexico1 and ,canada under the 
,,usmca1 ensuring that each party has   
robust investment review mechanisms in  
place is important towards strengthening
 the collective national security       
interests of those countries against    
risks stemming from foreign investments 
by nonmarket economy countries1         
including the ,people's ,republic of    
,china2  7#d7 the ,committee on ,foreign
 ,investment in the ,united ,states     
plays a critical role in protecting the 
national security of the ,united ,states
 by reviewing foreign investments for   
national security risks2 and  7#e7 the  

establishment by ,mexico and ,canada of 
legislative and regulatory frameworks to
 review foreign investments for national
 security risks that are similar to the 
framework established under section #gba
 of the ,defense ,production ,act of    
#aiej 7#ej ,u4,s4,c4 #defe7 would--     
7,a7 advance the national security      
interests of the ,united ,states2 and   
7,b7 allow for closer coordination      
between the ,,usmca countries with      
respect to shared threats from          
investments by nonmarket economy        
countries in strategically important    
economic sectors and critical           
infrastructure in ,north ,america4  7b7 
,joint review negotiation objective     
,subject to the requirements of section 
#faa of the ,united                     
,states-,mexico-,canada ,agreement      
,implementation ,act 7#ai ,u4,s4,c4     
#dfaa71 during the first joint review   
conducted after the date of the         
enactment of this ,act1 the ,trade      
,representative shall advocate for--    

7#a7 each ,,usmca country to implement a
 legislative and regulatory framework   
for reviewing foreign investment for    
national security risks that is similar 
to the framework established under      
section #gba of the ,defense ,production
 ,act of #aiej 7#ej ,u4,s4,c4 #defe72   
and  7#b7 the establishment of a        
mechanism for ,,usmca countries to      
coordinate to address shared threats    
from investments by nonmarket economy   
countries4  7c7  ,technical assistance  
,in carrying out subsection 7b71 the    
,trade ,representative shall coordinate 
with the ,secretary of the ,treasury and
 the ,secretary of ,state with respect  
to the provision of technical assistance
 to ,,usmca countries to support the    
establishment of frameworks for         
reviewing foreign investments for       
national security risks4  7d7           
,definitions  ,in this section3 7#a7    
,joint review ,the term joint review has
 the meaning given that term in section 
#faa of the ,united                     

,states-,mexico-,canada ,agreement      
,implementation ,act 7#ai ,u4,s4,c4     
#dfaa74  7#b7  ,nonmarket economy       
country  ,the term nonmarket economy    
country has the meaning given that term 
in section #gga7ah7 of the ,tariff ,act 
of #aicj 7#ai ,u4,s4,c4 #afgg7ah774     
7#c7  ,technical assistance  ,the term  
technical assistance includes--  7,a7   
the use of short-term and long-term     
expert advisers to assist foreign       
governments with the establishment of   
frameworks for reviewing foreign        
investments for national security risks2
  7,b7 training in the recipient        
country1 the ,united ,states1 or        
elsewhere for the establishment of such 
frameworks2  7,c7 grants of goods1      
services1 or funds to foreign           
governments2  7,d7 grants to ,united    
,states nonprofit organizations to      
provide services or products that       
contribute to the provision of advice to
 foreign governments2 and  7,e7 study   
tours for foreign officials in the      

,united ,states or elsewhere for the    
purpose of providing technical          
information to such officials4  7#d7    
,trade ,representative  ,the term ,trade
 ,representative means the ,united      
,states ,trade ,representative4  7#e7   
,,usmca  ,the term ,,usmca has the      
meaning given that term in section #c of
 the ,united ,states-,mexico-,canada    
,agreement ,implementation ,act 7#ai    
,u4,s4,c4 #dejb74  7#f7  ,,usmca country
  ,the term ,,usmca country has the     
meaning given that term in section      
#bjb7;a7 of the ,united                 
,states-,mexico-,canada ,agreement      
,implementation ,act 7#ai ,u4,s4,c4     
#deca7;a774