[Pages H2850-H2852]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

GLOBAL INVESTMENT IN AMERICAN JOBS ACT OF 2025

Mr. BILIRAKIS. Mr. Speaker, I move to suspend the rules and pass the
bill (H.R. 1679) to direct the Secretary of Commerce, in coordination
with the heads of other relevant Federal departments and agencies, 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 investment.
The Clerk read the title of the bill.
The text of the bill is as follows:

H.R. 1679

Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Global Investment in
American Jobs Act of 2025''.

SEC. 2. SENSE OF CONGRESS.

It is the sense of Congress that--
(1) 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 prosperity, global competitiveness, and
security of the United States;
(2) it is a top national priority to enhance the global
competitiveness, economic prosperity, and security of the
United States by--
(A) 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 States;
(B) promoting policies to ensure the United States remains
the premier global destination to invest, hire, innovate,
provide services, and manufacture products;
(C) promoting policies to ensure the United States remains
the global leader in developing and deploying cutting-edge
technologies, such as self-driving vehicle technology,
artificial intelligence, Internet of Things, quantum
computing, blockchain; and
(D) promoting policies that maintain and expand resilient
supply chains and reduce the dependence of the United States
on supply chains from China;
(3) 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 products;
(4) while foreign direct investment by responsible private-
sector entities based in trusted countries can enhance the
United States economic strength, policies regarding foreign
direct investment should reflect security interests and
should not disadvantage domestic investors or companies;
(5) 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 living;
(6) 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 21st century global economy,
barriers including data localization and infringement of
intellectual property rights must be further addressed; and
(7) foreign direct investment by companies or other
entities owned, directed, supported, or influenced by the
Chinese Communist Party is a threat to U.S. security and
merits an aggressive policy framework to protect U.S.
interests, jobs, intellectual property, and security.

SEC. 3. FOREIGN DIRECT INVESTMENT REVIEW.

(a) Review.--The Secretary of Commerce and the Comptroller
General of the Government Accountability Office, in
consultation with the Federal Interagency Investment Working
Group established by Executive Order 13577 and in
consultation with the heads of other relevant Federal
departments

[[Page H2851]]

and agencies, 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 economy.
(b) Specific Matters To Be Included.--The review conducted
pursuant to subsection (a) shall include a review of the
following:
(1) The current economic impact of foreign direct
investment in the United States, with particular focus on
manufacturing, services, trade (with an emphasis on digital
trade), and U.S. jobs.
(2) Trends in global cross-border investment and data flows
and the underlying factors for such trends.
(3) Federal Government policies that facilitate foreign
direct investment attraction and retention from responsible
private-sector entities based in trusted countries.
(4) Foreign direct investment as compared to direct
investment by domestic entities.
(5) Foreign direct investment that takes the form of
greenfield investment as compared to foreign direct
investment relating to merger and acquisition activity.
(6) The unique challenges posed by foreign direct
investment, particularly acquisitions, in the United States
by State-owned or State-backed enterprises, especially from
State-directed economies, including companies or other
entities owned, directed, supported, or influenced by the
Chinese Communist Party.
(7) Specific information on the prevalence of investments
made by State-owned or State-backed enterprises, especially
from State-directed economies, including companies or other
entities owned, directed, supported, or influenced by the
Chinese Communist Party, with a particular focus on
investments relating to manufacturing, services, trade (with
an emphasis on digital trade), and jobs.
(8) 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 challenge.
(9) 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 countries.
(10) Innovative and noteworthy initiatives by State and
local government to attract foreign investment from
responsible private-sector entities based in trusted
countries.
(11) 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 countries.
(12) The impact that protectionist policies by other
countries, including forced data localization rules, forced
localization of production, industrial subsidies, and the
infringement of intellectual property rights, have on the
advanced technology economy of the United States and the
ability for United States located firms to develop innovative
technologies.
(13) Other barriers to the ability of the United States to
compete globally in an increasingly connected and digital
global economy, including, the use of technical barriers to
trade, country-specific standards for technology products and
digital services.
(14) The adequacy of efforts by the Federal Government to
encourage and facilitate foreign direct investment in the
United States.
(15) Efforts by the Chinese Communist Party to circumvent
existing laws to gain access to U.S. markets, foreign direct
investment responsible private-sector entities based in
trusted countries, or intellectual property.
(c) Limitation.--The review conducted pursuant to
subsection (a) shall not address laws or policies relating to
the Committee on Foreign Investment in the United States.
(d) Public Comment.--Before--
(1) conducting the review pursuant to subsection (a), 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 review; and
(2) the submission of the report pursuant to subsection
(e), the Secretary shall publish the proposed findings and
recommendations in the Federal Register and shall provide an
opportunity for public comment.
(e) Report to Congress.--Not later than one year after the
date of the enactment of this Act, the Secretary, in
coordination with the Federal Interagency Investment Working
Group and the heads of other relevant Federal departments and
agencies, shall submit to Congress a report on the findings
of the review required pursuant to subsection (a) 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
security, labor, consumer, financial, or environmental
protections of the United States.
(f) Definitions.--In this Act:
(1) Responsible private-sector entity.--The term
``responsible private-sector entity'' means an entity that
the Secretary of Commerce determines is--
(A) not organized under the laws of a foreign adversary;
and
(B) not owned, controlled, or otherwise subject to the
influence of, a foreign adversary.
(2) Secretary.--The term ``Secretary'' means the Secretary
of Commerce.
(3) Trusted country.--The term ``trusted country'' means a
country that is not determined by the Secretary of Commerce
to be a of the United States.

The SPEAKER pro tempore. Pursuant to the rule, the gentleman from
Florida (Mr. Bilirakis) and the gentleman from New Jersey (Mr. Pallone)
each will control 20 minutes.
The Chair recognizes the gentleman from Florida.

General Leave

Mr. BILIRAKIS. Mr. Speaker, I ask unanimous consent that all Members
may have 5 legislative days in which to revise and extend their remarks
and include extraneous material on this particular bill.
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from Florida?
There was no objection.
Mr. BILIRAKIS. Mr. Speaker, I yield myself such time as I may
consume.
Mr. Speaker, I rise today in support of H.R. 1679, the Global
Investment in American Jobs Act of 2025. This is being led by the
gentleman from Colorado (Mr. Evans), my good friend and a very
effective Member of Congress.
This bill directs the Secretary of Commerce and the Comptroller
General to conduct a review and report on ways to increase and attract
foreign direct investment, or FDI, from trusted countries.
The United States is currently a global leader in deployment of
emerging technologies such as artificial intelligence, autonomous
vehicles, blockchain, and many more. To maintain that leadership, we
must continue to foster an environment that encourages our allies and
trusted global partners to invest here at home.
By removing barriers and showing the world that the U.S. is the
premier destination for investment, innovation, manufacturing, and
deployment, the U.S. will cement itself as the global leader of the new
age of technological advancements.
Mr. Speaker, I urge my colleagues to join me in favor of this
particular bill, H.R. 1679.
Mr. Speaker, I reserve the balance of my time.
Mr. PALLONE. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, I rise to speak in support of H.R. 1679, the Global
Investment in American Jobs Act. This legislation will encourage
foreign direct investment to support high-quality American jobs.
Foreign direct investment from nonadversarial Nations can be used to
grow critical sectors important for our economic success and national
security including by creating new jobs in our Nation's manufacturing
sector.
Once the envy of the world, our manufacturing base has faced steady
headwinds for the last several decades. Our Nation's share of global
manufacturing activity declined from 28 percent in 2002 to just over 17
percent in 2020.
Investment in America's small and medium manufacturers, the bedrock
of our industrial might, has also declined over the last 20 years by
more than $200 billion. In that same two-decade period, our domestic
manufacturing base has shed more than 4 million jobs.
It is time to reverse these trends by revitalizing our Nation's
manufacturing industry and bringing jobs back home. The work we did
under the Biden administration, passing the bipartisan infrastructure
law, Inflation Reduction Act, and the CHIPS and Science Act, is already
helping to turn the tide.
I am concerned that actions by the Trump administration are putting
this great success at risk. The attempts to claw back these historic
investments in our manufacturing sector, unstable and erratic tariff
policies, and mass elimination of trusted Federal programs and partners
put American businesses at a disadvantage.
All of these actions by the Trump administration are detrimental to
our ability to compete globally. I encourage my Republican colleagues
to stand up for American businesses, large and small, against the
chaotic actions of this administration.
Foreign direct investment can be part of the solution to revitalize
American manufacturing and job creation. Over a third of all foreign
direct investments are in domestic manufacturing, exceeding a total of
$120 billion a year.

[[Page H2852]]

This bill will help ensure we keep that flow of investment strong and
that such investments support quality, good-paying jobs right here at
home. It must be coupled with Federal trade policies coming from the
White House and this Congress that encourages stability in the
marketplace, protects our relationships with close trading partners,
and lowers costs for American families.
Mr. Speaker, I commend Representatives Kelly and Evans for their
leadership on this issue. I urge my colleagues to support this
legislation.
Mr. Speaker, I reserve the balance of my time.
Mr. BILIRAKIS. Mr. Speaker, I yield such time as he may consume to
the gentleman from the State of Colorado (Mr. Evans), a true public
servant.
Mr. EVANS of Colorado. Mr. Speaker, today I rise in strong support of
my bipartisan bill, the Global Investment in American Jobs Act.
Mr. Speaker, this is a critical piece of legislation that will help
bolster American competitiveness in the face of increasing economic
aggression from the Chinese Communist Party, all while helping to
create jobs in my home State of Colorado and all across the Nation.
First and foremost, I extend my gratitude to the gentlewoman from
Illinois (Ms. Kelly) for helping to introduce this bill with me. I am
proud to work with her in a bipartisan fashion to advance this bill
first through the Energy and Commerce Committee and now onto the House
floor.
In Colorado alone, there are more than 126,000 workers that are the
direct result of foreign direct investment. Of these workers, 31
percent work in manufacturing roles. These jobs, like other good, blue-
collar jobs in my district, provide stable, good-paying careers to
constituents to help provide for their families. Oftentimes, these jobs
are obtainable to folks with a high school degree after a quick and
affordable career technical education course.
My bill tasks the Secretary of Commerce with conducting an
interagency review to help create a more favorable environment for
foreign direct investment, ultimately boosting our economy and
benefiting American workers.

International companies are beginning to recognize what most of us
have known for decades. The American worker is among the most talented
in the world. Whether it is energy, technology, or chemicals, Americans
produce some of the highest quality products in the cleanest, most
efficient, and socially responsible ways possible.
With the resurgence in America's manufacturing industry, global
investors are now clamoring to pump money into emerging industries in
the U.S. Congress needs to ensure that we as a Nation are striking the
right approach in courting international companies and facilitating
responsible investments.
This legislation doesn't just help create good-paying jobs. It also
helps to ensure that America remains competitive with the Chinese
Communist Party by retaining our technological advantage in research
and development.
International employers in the U.S. account for more than $80 billion
in research and development. With this bill, Congress can take a major
step in seeing this number increase over the coming years.
This isn't just something that we should consider doing. It is
necessary. In the face of increasingly unscrupulous tactics from the
Chinese Communist Party such as rampant intellectual property theft,
corporate espionage, the use of slave labor, and environmentally
reckless energy practices, it is imperative for the United States to
leverage every available tool to bolster American industry, such as
this bill.
Mr. Speaker, I urge my colleagues to join me in supporting the Global
Investment in American Jobs Act to maintain Americans' competitive
edge, invest in our domestic talent, bring more jobs home, and drive
innovation to usher in the next era of manufacturing dominance in the
United States.
Mr. PALLONE. Mr. Speaker, I know in my district that foreign direct
investment is important in creating jobs. I would certainly say that
nationally this is an important piece of legislation. For that reason,
I urge my colleagues to support it.
Mr. Speaker, I yield back the balance of my time.
Mr. BILIRAKIS. Mr. Speaker, in closing, I encourage a ``yes'' vote on
this particular bill.
Mr. Speaker, I yield back the balance of my time.
The SPEAKER pro tempore. The question is on the motion offered by the
gentleman from Florida (Mr. Bilirakis) that the House suspend the rules
and pass the bill, H.R. 1679.
The question was taken; and (two-thirds being in the affirmative) the
rules were suspended and the bill was passed.
A motion to reconsider was laid on the table.

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