I 
112TH CONGRESS 
2D SESSION 
H. R. 5910 
To direct the Secretary of Commerce, in coordination with the heads of 
other relevant Federal departments and agencies, to produce a report 
on enhancing the competitiveness of the United States in attracting 
foreign direct investment, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 7, 2012 
Mr. DOLD (for himself, Mr. PETERS, Mr. ROSKAM, Mr. BARROW, Mr. 
HULTGREN, Mr. HANNA, Mr. SCHOCK, and Mr. RENACCI) introduced the 
following bill; which was referred to the Committee on Energy and Com-
merce 
A BILL 
To direct the Secretary of Commerce, in coordination with 
the heads of other relevant Federal departments and 
agencies, to produce a report on enhancing the competi-
tiveness of the United States in attracting foreign direct 
investment, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives 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 2012’’. 
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SEC. 2. FINDINGS. 
Congress finds the following: 
(1) It remains an urgent national priority to re-
store economic growth and create new jobs. 
(2) 
National 
security 
requires 
economic 
strength and global engagement. 
(3) Businesses today have a wide array of 
choices when considering where to invest, expand, or 
establish new operations. 
(4) United States administrations of both par-
ties have consistently reaffirmed the need to main-
tain an open investment climate as a key to domestic 
economic prosperity and security. 
(5) The United States has historically been the 
largest worldwide recipient of global investment but 
has seen its share of global investment stock decline 
significantly in recent years. 
(6) Governors and mayors throughout the 
United States face increasing competition from other 
countries as they work to recruit investment from 
global companies. 
(7) Foreign direct investment benefits the econ-
omy and workforce of every State and Common-
wealth in the United States. 
(8) According to the latest United States Gov-
ernment statistics, the United States subsidiaries of 
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companies headquartered abroad contribute to the 
United States economy in a variety of important 
ways, including by— 
(A) providing jobs for 5,300,000 Ameri-
cans with average compensation that is approxi-
mately 33 percent higher than the national pri-
vate-sector average, as these jobs are often in 
high-skilled, high-paying industries; 
(B) strengthening the United States indus-
trial base and employing nearly 17 percent of 
the United States manufacturing sector work-
force; 
(C) establishing operations in the United 
States from which to sell goods and services 
around the world, thereby producing nearly 21 
percent of United States exports; 
(D) promoting innovation with more than 
$40,000,000,000 in annual United States re-
search and development activities; 
(E) paying nearly 17 percent of United 
States corporate income taxes; and 
(F) 
purchasing 
more 
than 
$1,800,000,000,000 in domestic goods and 
services annually from local suppliers and small 
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businesses, amounting to 80 cents for every dol-
lar spent on input purchases. 
(9) These companies account for 5.3 percent of 
United States private sector Gross Domestic Prod-
uct. 
(10) The Secretary of Commerce and the Sec-
retary of State have both recently declared increas-
ing inward global investment to be among their top 
priorities. 
(11) The President issued a statement in 2011 
reaffirming the longstanding open investment policy 
of the United States and encouraged all countries to 
pursue such a policy. 
(12) The President signed an Executive order 
in 2011 to establish the SelectUSA initiative, aimed 
at promoting greater levels of business investment in 
the United States. 
(13) The President’s Council on Jobs and Com-
petitiveness in 2011 recommended the establishment 
of a National Investment Initiative to attract 
$1,000,000,000,000 in new business investment 
from abroad. 
(14) The United States and the European 
Union recently unveiled a set of principles aimed at 
promoting a more open climate for international in-
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vestment and intended as a model for countries 
around the world. 
(15) Maintaining the United States commit-
ment to open investment policy encourages other 
countries to do the same and enables the United 
States to open new markets abroad for United 
States companies and their products. 
SEC. 3. SENSE OF CONGRESS. 
It is the sense of Congress that— 
(1) the ability of the United States to attract 
inbound investment is directly linked to the long- 
term economic prosperity, competitiveness, and secu-
rity of the United States; 
(2) in order to remain the most attractive loca-
tion for global investment, Congress and Federal de-
partments and agencies should consider potential 
impact upon the ability of the United States to at-
tract foreign direct investment when evaluating pro-
posed legislation or regulatory policy; and 
(3) it is a top national priority to enhance the 
competitiveness, prosperity, and security of the 
United States by— 
(A) removing unnecessary barriers to in-
ward global investment and the jobs that it cre-
ates throughout the United States; and 
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(B) promoting policies to ensure the 
United States remains the premier destination 
for global companies to invest, hire, innovate, 
and manufacture their products. 
SEC. 4. AMENDMENT TO FOREIGN DIRECT INVESTMENT 
AND INTERNATIONAL FINANCIAL DATA IM-
PROVEMENTS ACT OF 1990. 
Section 3 of the Foreign Direct Investment and 
International Financial Data Improvements Act of 1990 
(22 U.S.C. 3142) is amended by adding at the end the 
following: 
‘‘(d) REVIEW OF UNITED STATES LAWS AND POLI-
CIES ON FOREIGN DIRECT INVESTMENT IN THE UNITED 
STATES.— 
‘‘(1) REVIEW.—The Secretary of Commerce, in 
coordination with the heads of other relevant Fed-
eral departments and agencies, shall conduct an 
interagency review of United States laws and policies 
on foreign direct investment in the United States 
and develop recommendations to make the United 
States more competitive in attracting and retaining 
strong investment flows from abroad. 
‘‘(2) 
ADDITIONAL
MATTERS
TO
BE
IN-
CLUDED.—The review conducted pursuant to para-
graph (1) shall include the following: 
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‘‘(A) A review of the current economic im-
pact of foreign direct investment in the United 
States and broader trends in global cross-border 
investment flows, including an assessment of 
the current United States competitive position 
as an investment location for companies 
headquartered abroad. 
‘‘(B) A review of United States laws and 
policies that uniquely apply to foreign direct in-
vestment in the United States, with particular 
focus on those laws and policies that may have 
the effect of diminishing the ability of the 
United States to attract and retain foreign di-
rect investment. 
‘‘(C) A review of ongoing efforts of the 
Federal Government to reduce investment bar-
riers and facilitate greater levels of foreign di-
rect investment in the United States. 
‘‘(D) Recommendations based on an as-
sessment of United States laws and policies, in-
cluding a comparative analysis of efforts of 
other competing countries, to make the United 
States more competitive in attracting global in-
vestment. 
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‘‘(3) COMMENT PERIOD.—The review conducted 
under paragraph (1) shall include an open comment 
period to solicit input from experts and industry 
stakeholders on matters covered by the review. 
‘‘(4) INCLUSION IN REPORT.—The Secretary of 
Commerce shall include the results of the review 
conducted pursuant to paragraph (1) in the first re-
port prepared under subsection (a) of this section on 
or after the date of the enactment of the Global In-
vestment in American Jobs Act of 2012.’’. 
Æ 
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