SEC. 2. FINDINGS. 
Congress finds the following: 
(1) It remains an urgent national priority to 
improve 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) Administrations of both parties have con-
sistently reaffirmed the need to promote an open in-
vestment climate as a key to domestic economic 
prosperity and security. 
(5) The United States has historically been the 
largest worldwide recipient of foreign direct invest-
ment but has seen its share decline in recent years. 
(6) The United States faces increasing competi-
tion from other countries as it works to recruit in-
vestment from global companies. 
(7) Foreign direct investment can benefit the 
economy and workforce of every State and Common-
wealth in the United States. 
(8) According to the latest Federal statistics, 
the 
United 
States 
subsidiaries 
of 
companies 
headquartered abroad contribute to the United 
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States economy in a variety of important ways, in-
cluding by— 
(A) providing jobs for an estimated 
5,600,000 Americans, with compensation that 
is often higher than the national private-sector 
average, as many of these jobs are in high- 
skilled, high-paying industries; 
(B) strengthening the United States indus-
trial base and employing nearly 15 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 18 
percent of United States exports; 
(D) promoting innovation with more than 
$41,000,000,000 in annual United States re-
search and development activities; 
(E) paying nearly 14 percent of United 
States corporate income taxes; and 
(F) purchasing goods and services from 
local suppliers and small businesses worth hun-
dreds of billions of dollars annually. 
(9) These companies account for 5.8 percent of 
United States private sector gross domestic product. 
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(10) The Department of Commerce has initia-
tives in place to increase foreign direct investment. 
(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 and ex-
panded its resources and activities in 2012, so as to 
promote 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 foreign direct investment 
over five years. 
(14) Sound transportation infrastructure, a 
well-educated and healthy workforce, safe food and 
water, stable financial institutions, a fair and equi-
table justice system, and transparent and account-
able administrative procedures are important factors 
that contribute to United States global competitive-
ness. 
SEC. 3. SENSE OF CONGRESS. 
It is the sense of Congress that— 
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(1) the ability of the United States to attract 
foreign direct investment is directly linked to the 
long-term economic prosperity, global competitive-
ness, and security of the United States; 
(2) it is a top national priority to enhance the 
global competitiveness, prosperity, and security of 
the United States by— 
(A) removing unnecessary barriers to for-
eign direct investment and the jobs that it cre-
ates throughout the United States; and 
(B) promoting policies to ensure the 
United States remains the premier global des-
tination in which to invest, hire, innovate, and 
manufacture products; 
(3) maintaining the United States’ commitment 
to open investment policy encourages other countries 
to reciprocate and enables the United States to open 
new markets abroad for United States companies 
and their products; 
(4) while foreign direct investment can enhance 
the Nation’s economic strength, policies regarding 
foreign direct investment should reflect national se-
curity interests and should not disadvantage domes-
tic investors or companies; and 
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(5) United States efforts to attract foreign di-
rect investment should be consistent with efforts to 
maintain and improve the domestic standard of liv-
ing. 
SEC. 4. FOREIGN DIRECT INVESTMENT REVIEW. 
(a) REVIEW.—The Secretary of Commerce, in coordi-
nation with the Federal Interagency Investment Working 
Group and the heads of other relevant Federal depart-
ments and agencies, shall conduct an interagency review 
of the global competitiveness of the United States in at-
tracting foreign direct investment. 
(b) SPECIFIC MATTERS TO BE INCLUDED.—The re-
view conducted pursuant to subsection (a) shall include 
a review of— 
(1) the current economic impact of foreign di-
rect investment in the United States, with particular 
focus on manufacturing, research and development, 
trade, and jobs; 
(2) trends in global cross-border investment 
flows and the underlying factors for such trends; 
(3) Federal Government policies that are closely 
linked to the ability of the United States to attract 
and retain foreign direct investment; 
(4) foreign direct investment as compared to di-
rect investment by domestic entities; 
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(5) foreign direct investment that takes the 
form of greenfield investment as compared to foreign 
direct investment reflecting merger and acquisition 
activity; 
(6) the unique challenges posed by foreign di-
rect investment by state-owned enterprises; 
(7) ongoing Federal Government efforts to im-
prove the investment climate and facilitate greater 
levels of foreign direct investment in the United 
States; 
(8) innovative and noteworthy State, regional, 
and local government initiatives to attract foreign in-
vestment; and 
(9) initiatives by other countries in order to 
identify best practices for increasing global competi-
tiveness in attracting foreign direct investment. 
(c) LIMITATION.—The review conducted pursuant to 
subsection (a) shall not address laws or policies relating 
to the Committee on Foreign Investment in the United 
States. 
(d) PUBLIC COMMENT.—Prior to— 
(1) conducting the review under subsection (a), 
the Secretary shall publish notice of the review in 
the Federal Register and shall provide an oppor-
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tunity for public comment on the matters to be cov-
ered by the review; and 
(2) reporting pursuant to subsection (e), the 
Secretary shall publish the proposed findings and 
recommendations to Congress in the Federal Reg-
ister and shall provide an opportunity for public 
comment. 
(e) REPORT TO CONGRESS.—Not later than one year 
after the date of enactment of this Act, the Secretary of 
Commerce, in coordination with the Federal Interagency 
Investment Working Group and the heads of other rel-
evant Federal departments and agencies, shall report to 
Congress the findings of the review required under sub-
section (a) and submit recommendations for increasing the 
global competitiveness of the United States in attracting 
foreign direct investment without weakening labor, con-
sumer, financial, or environmental protections. 
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Calendar No. 557 
113TH CONGRESS 
2D SESSION 
H. R. 2052 
[Report No. 113–252] 
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. 
SEPTEMBER 10, 2014 
Reported without amendment 
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