I 
118TH CONGRESS 
1ST SESSION 
H. R. 465 
To amend the Foreign Assistance Act of 1961 to improve the protection 
of United States investors against certain prejudicial actions taken by 
the government of a foreign country. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 24, 2023 
Mr. GOSAR introduced the following bill; which was referred to the Committee 
on Foreign Affairs 
A BILL 
To amend the Foreign Assistance Act of 1961 to improve 
the protection of United States investors against certain 
prejudicial actions taken by the government of a foreign 
country. 
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 ‘‘Protect U.S. Invest-
ments Act of 2023’’. 
SEC. 2. PROTECTION OF UNITED STATES INVESTORS. 
Section 620(e) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2370(e)) is amended— 
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(1) in paragraph (1)— 
(A) in subparagraph (B), by inserting ‘‘, 
including by failing to meet, confer, or engage 
in good faith consultations and negotiations 
through a duly authorized representative with 
any such United States citizen or corporation, 
partnership, or association, as contemplated by 
any governing investment treaty, such as Arti-
cle 10.15 of the Dominican Republic-Central 
America-United States Free Trade Agreement, 
not later than 30 days after having been served 
a written request for such treaty consultations 
or negotiations, separately or in connection with 
a notice of intent to arbitrate’’ after ‘‘citizens’’; 
and 
(B) by adding at the end the following new 
sentence: ‘‘For purposes of this subsection and 
in addition to any other forms otherwise pro-
vided for by law, the term ‘assistance’ includes 
any direct or indirect transfer, grant, loan, or 
guarantee, which is subject to appropriation by 
Congress, to the government of any foreign 
country, but does not include assistance pri-
marily supporting United States law enforce-
ment or national security interests.’’; and 
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(2) by adding at the end the following new 
paragraphs: 
‘‘(3) A United States citizen or corporation, partner-
ship, or association, whose investment comes within the 
scope of paragraph (1) shall have— 
‘‘(A) the right to petition the Foreign Claims 
Settlement Commission of the United States, or its 
successor, to render an advisory report to the Presi-
dent, not later than 120 days after service of such 
petition, regarding the merits of enforcing this sub-
section with respect to the alleged treatment of said 
investment by the identified foreign country; and 
‘‘(B) in the event that the Foreign Claims Set-
tlement Commission of the United States, or its suc-
cessor, shall fail to timely render such advisory re-
port, to file an action in the nature of a mandamus 
to compel the suspension of assistance under this 
subsection as to the identified foreign country, as re-
ferred to in subparagraph (A) in any court of com-
petent jurisdiction. 
‘‘(4) Any public official of the government of any for-
eign country who has materially assisted in any prejudicial 
action relative to an investment in that country by any 
United States citizen or corporation, partnership or asso-
ciation, whose investment comes within the scope of para-
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graph (1), may not be provided any immigration status 
or issued a visa under the immigration laws (as such term 
is defined in section 101 of the Immigration and Nation-
ality Act), or be admitted to the United States, until such 
prejudicial action is rescinded, reversed, permanently en-
joined, or fully remediated. 
‘‘(5) Any public official of the government of any for-
eign country who has materially assisted in any prejudicial 
action relative to an investment in that country by any 
United States citizen or corporation, partnership or asso-
ciation, whose investment comes within the scope of para-
graph (1), shall be denied remittances by every financial 
institution located in the United States until such preju-
dicial action is rescinded, reversed, permanently enjoined, 
or fully remediated.’’. 
SEC. 3. EFFECTIVE DATE. 
The amendments made by section 2 shall take effect 
on the date of the enactment of this Act and shall apply 
with respect to any controversy arising before, on, or after 
such date that involves an investment within the scope of 
section 620(e)(1) of the Foreign Assistance Act of 1961 
(22 U.S.C. 2370(e)(1)). 
Æ 
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