HR 5910 RDS
(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 
(B) promoting policies to ensure the 
United States remains the premier destination 
for global companies to invest, hire, innovate, 
and manufacture their products; and 
(4) while foreign direct investment can enhance 
our economic strength, policies regarding foreign di-
rect investment should reflect national security inter-
ests. 
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.— 
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‘‘(1) REVIEW.—The Secretary of Commerce, in 
coordination with the Federal Interagency Invest-
ment Working Group and the heads of other rel-
evant Federal departments and agencies, shall con-
duct 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: 
‘‘(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 or promoting the abil-
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ity of the United States to attract and retain 
foreign direct investment. 
‘‘(C) A review of ongoing Federal Govern-
ment efforts to improve the investment climate, 
reduce investment barriers, and facilitate great-
er levels of foreign direct investment in the 
United States. 
‘‘(D) Recommendations based on the re-
view carried out pursuant to subparagraph (B), 
including a comparative analysis of efforts of 
other competing countries, to make the United 
States more competitive in attracting global in-
vestment. 
‘‘(E) The impact of foreign direct invest-
ment on innovation and national economic com-
petitiveness. 
‘‘(F) A review of State and local govern-
ment initiatives to attract foreign investment. 
‘‘(3) COMMENT PERIOD.—The review conducted 
under paragraph (1) shall include an open comment 
period to solicit public input 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-
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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.’’. 
Passed the House of Representatives September 19, 
2012. 
Attest: 
KAREN L. HAAS, 
Clerk. 
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