Global Investment in American Jobs Act of 2025
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The bill would direct the Commerce Department and the Government Accountability Office to conduct a joint review of how the United States competes for foreign investment from trusted countries and to report findings and recommendations to Congress within a year.
It would not change any investment rules itself, but the review's focus on Chinese Communist Party-linked investment and digital trade barriers could shape future legislation on foreign investment screening and technology competitiveness.
What this bill would do
What it would do
The bill would require the Secretary of Commerce and the Comptroller General, working with the Federal Interagency Investment Working Group and other agencies, to conduct an interagency review of U.S. competitiveness in attracting foreign direct investment from private-sector entities based in "trusted countries." The review would cover fifteen specific topics, including the economic impact of foreign investment, cross-border data flow trends, challenges posed by state-owned or state-backed enterprises (particularly those linked to the Chinese Communist Party), digital trade barriers like data localization rules, and the adequacy of current federal efforts to attract investment.
The bill would require public comment periods before the review begins and before findings are finalized, and would require Commerce to report findings and recommendations to Congress within one year of enactment. The review would explicitly exclude matters relating to the Committee on Foreign Investment in the United States. The bill creates no new investment restrictions, funding, or enforcement authority — it is a study-and-report measure.
Key provisions
- 1Would require Commerce and GAO to jointly conduct an interagency review of U.S. competitiveness in attracting foreign direct investment from trusted countries
- 2Would require the review to examine fifteen specific topics, including state-owned enterprise investment, Chinese Communist Party influence, and digital trade barriers
- 3Would exclude matters relating to the Committee on Foreign Investment in the United States from the review's scope
- 4Would require Federal Register notice and public comment periods before beginning the review and before finalizing findings
- 5Would require Commerce to submit a report with findings and recommendations to Congress within one year of enactment
Who would be affected
The Department of Commerce, the Government Accountability Office, and other federal agencies involved in investment policy would carry out the review. Foreign investors, particularly from countries deemed trusted or untrusted, U.S. companies competing for investment, and members of the public who could submit comments during the review process would also be affected.
Why it matters
The review's findings could inform future policy on screening foreign investment, addressing digital trade barriers, and countering Chinese Communist Party-linked investment, but the bill itself makes no binding changes to investment law. Its practical effect depends entirely on what recommendations Congress or agencies later act on.
What would change
Agencies directed to act
Effective dates
- Deadline for Commerce to submit the review report to Congress
Funding and costs
Congressional Budget Office estimate
CBO estimates the bill would have no significant effect on the federal budget.
H.R. 1679 would direct the Department of Commerce, the Government Accountability Office, and a federal interagency working group to study and report to Congress on the United States' ability to attract foreign direct investment and on trade barriers faced by U.S. advanced-technology firms. Because the bill primarily requires studies and reports — rather than new entitlement spending or tax changes — CBO found it would have no significant budgetary effect. Any costs associated with the required studies would likely be small and subject to the availability of appropriated funds (discretionary funding approved by Congress each year). CBO identified no intergovernmental or private-sector mandates in the bill.
How implementation would work
Commerce and the GAO, in consultation with the Federal Interagency Investment Working Group and other relevant agencies, would carry out the review. Before starting, Commerce must publish a Federal Register notice and accept public comment on what the review should cover; before finalizing, it must again publish proposed findings and recommendations for public comment. Within one year of enactment, Commerce must submit a report to Congress detailing the review's findings and recommendations for improving U.S. competitiveness in attracting foreign direct investment while maintaining security, labor, consumer, financial, or environmental protections.
Legislative status & sources
Latest action
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
Official CRS summary
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This bill requires the Department of Commerce and the Government Accountability Office to 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 foreign trade barriers that firms in advanced technology sectors face in the global digital economy.
Among other elements, the review shall include an assessment of (1) the current economic impact of foreign direct investment in the United States, (2) trends in global cross-border investment and data flows, (3) federal government policies that facilitate foreign direct investment, and (4) the adequacy of federal government efforts to encourage and facilitate foreign direct investment in the United States.
Commerce must report the findings of such review and include recommendations for increasing the global competitiveness of the United States in attracting foreign direct investment.
Legislative subjects
Asia; China; Competitiveness, trade promotion, trade deficits; Congressional oversight; Foreign Trade and International Finance; Government information and archives; Government studies and investigations; U.S. and foreign investments
Committee report
H. Rept. 119-156