118TH CONGRESS 
1ST SESSION 
H. R. 813 
AN ACT 
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 competitive-
ness of the United States in attracting foreign direct 
investment. 
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 2023’’. 
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 se-
curity of the United States by— 
(A) removing unnecessary barriers to for-
eign direct investment from responsible private- 
sector entities based in trusted countries and 
the jobs that such investment creates through-
out the United States; 
(B) promoting policies to ensure the 
United States remains the premier global des-
tination to invest, hire, innovate, provide serv-
ices, and manufacture products; 
(C) promoting policies to ensure the 
United States remains the global leader in de-
veloping and deploying cutting-edge tech-
nologies, such as self-driving vehicle technology,
artificial intelligence, Internet of Things, quan-
tum 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 and other foreign adver-
saries; 
(3) maintaining the United States commitment 
to an open investment policy with private-sector en-
tities 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 respon-
sible private-sector entities based in trusted coun-
tries can enhance the United States economic 
strength, policies regarding foreign direct investment 
should reflect security interests and should not dis-
advantage domestic investors, companies, or the 
workforce; 
(5) United States efforts to attract foreign di-
rect investment from responsible private-sector enti-
ties based in trusted countries should be consistent 
with efforts to maintain and improve the domestic 
standard-of-living, including for the workforce;
(6) as digital information becomes increasingly 
important to the United States economy and the de-
velopment 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; 
(7) foreign direct investment by companies or 
other entities owned, directed, supported, or influ-
enced by the Chinese Communist Party is a threat 
to United States security and merits an aggressive 
policy framework to protect United States interests, 
jobs, intellectual property, and security; 
(8) foreign direct investment from any source 
should not result in the net loss of United States 
economic activity, productive capabilities, and supply 
chain resilience; and 
(9) foreign direct investment from any source 
should strengthen United States security and sup-
port United States workforce, health and safety, 
consumer, and financial standards. 
SEC. 3. FOREIGN DIRECT INVESTMENT REVIEW. 
(a) REVIEW.—The Secretary, in consultation with the 
Federal Interagency Investment Working Group estab-
lished pursuant to Executive Order No. 13577 (76 Fed.
Reg. 35715; relating to establishment of the SelectUSA 
Initiative) and in consultation with the heads of other rel-
evant 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 for-
eign trade barriers that firms in advanced technology sec-
tors face in the global digital economy. 
(b) SPECIFIC MATTERS TO BE INCLUDED.—The re-
view conducted pursuant to subsection (a) shall include 
a review of the following: 
(1) The economic impact of foreign direct in-
vestment in the United States, with particular focus 
on manufacturing, services, trade (with an emphasis 
on digital trade), and United States 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 di-
rect investment, particularly acquisitions, in the 
United States by State-owned or State-backed enter-
prises, especially from State-directed economies, in-
cluding companies or other entities owned, directed, 
supported, or influenced by the Chinese Communist 
Party. 
(7) Specific information on the prevalence of in-
vestments made by State-owned or State-backed en-
terprises, especially from State-directed economies, 
including companies or other entities owned, di-
rected, supported, or influenced by the Chinese Com-
munist 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, including screening for and pre-
venting market distorting investments, of State-di-
rected and State-supported investment and whether 
there are opportunities to work with like-minded na-
tions to address such challenge.
(9) Ongoing Federal Government efforts to im-
prove 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 invest-
ment 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 respon-
sible private-sector entities based in trusted coun-
tries. 
(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 prop-
erty rights, have on the advanced technology econ-
omy of the United States and the ability for United 
States located firms to develop innovative tech-
nologies. 
(13) Other barriers to the ability of the United 
States to compete globally in an increasingly con-
nected and digital global economy, including the use
of technical barriers to trade (such as country-spe-
cific standards for technology products and digital 
services). 
(14) The adequacy of efforts by the Federal 
Government to encourage and facilitate foreign di-
rect investment in the United States. 
(15) Efforts by the Chinese Communist Party 
to circumvent existing laws to gain access to United 
States markets, foreign direct investment responsible 
private-sector entities based in trusted countries, or 
intellectual property. 
(16) The extent to which foreign direct invest-
ment from any source, including the Chinese Com-
munist Party, results in displacement, offshoring, or 
outsourcing, including the impact of such investment 
on supply chains. 
(c) LIMITATION.—The review conducted pursuant to 
subsection (a) may not address laws or policies relating 
to the Committee on Foreign Investment in the United 
States. 
(d) PUBLIC COMMENT.— 
(1) REVIEW.—Not sooner than 60 days before 
the date on which the review is commenced pursuant 
to subsection (a), the Secretary shall publish notice 
of the review in the Federal Register and shall pro-
vide an opportunity for public comment on the mat-
ters to be covered by the review. 
(2) REPORT.—Not sooner than 60 days before 
the date on which the report is submitted pursuant 
to subsection (e), the Secretary shall publish the 
proposed findings and recommendations in the Fed-
eral 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 agencies, 
shall submit to Congress and the Comptroller General 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 attract-
ing foreign direct investment from responsible private-sec-
tor entities based in trusted countries in a manner that 
strengthens or maintains the security, workforce, con-
sumer, or financial protections of the United States. 
(f) COMPTROLLER GENERAL REVIEW.—Not later 
than one year after the date on which the Comptroller 
General receives the report pursuant to subsection (e), the 
Comptroller General shall submit to Congress a review 
and assessment of the report.
(g) DEFINITIONS.—In this Act: 
(1) AGENCY.—The term ‘‘agency’’ has the 
meaning given that term in section 551 of title 5, 
United States Code. 
(2) FOREIGN ADVERSARY.—The term ‘‘foreign 
adversary’’ has the meaning given that term in part 
7.4 of title 15, Code of Federal Regulations. 
(3) RESPONSIBLE PRIVATE-SECTOR ENTITY.— 
The term ‘‘responsible private-sector entity’’ means 
an entity that the Secretary determines is— 
(A) not organized under the laws of a for-
eign adversary; and 
(B) not owned, controlled, or otherwise 
subject to the influence of, a foreign adversary. 
(4) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Commerce. 
(5) STATE.—The term ‘‘State’’ means each 
State of the United States, the District of Columbia, 
each commonwealth, territory, or possession of the 
United States, and each federally recognized Indian 
Tribe. 
(6) TRUSTED
COUNTRY.—The term ‘‘trusted 
country’’ means a country or economy that is not
determined by the Secretary to be a foreign adver-
sary of the United States. 
Passed the House of Representatives July 17, 2023. 
Attest: 
Clerk.
118TH CONGRESS 
1ST SESSION 
H. R. 813 
AN ACT 
To direct the Secretary of Commerce, in coordina-
tion with the heads of other relevant Federal de-
partments and agencies, to conduct an inter-
agency review of and report to Congress on ways 
to increase the global competitiveness of the 
United States in attracting foreign direct invest-
ment.