SEC. 3. ECONOMIC DIPLOMACY WITHIN THE DEPARTMENT 
OF STATE. 
Subsection (c) of section 1 of the State Department 
Basic Authorities Act of 1956 (22 U.S.C. 2651a) is 
amended— 
(1) by redesignating paragraph (3) as para-
graph (4); and 
(2) by inserting after paragraph (2) the fol-
lowing new paragraph: 
‘‘(3) ASSISTANT
SECRETARY
FOR
ECONOMIC 
AND BUSINESS MATTERS.— 
‘‘(A) IN GENERAL.—Subject to the numer-
ical limitation specified in paragraph (1), there 
is authorized to be established in the Depart-
ment of State an Assistant Secretary of State 
who shall be responsible to the Secretary of 
State for matters pertaining to international ec-
onomics and business matters in the conduct of 
foreign policy. 
‘‘(B) 
MATTERS
CONTEMPLATED.—The 
matters referred to in subparagraph (A) include 
the following: 
‘‘(i) International trade and invest-
ment policy. 
‘‘(ii) International finance, economic 
development, and debt policy. 
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‘‘(iii) Economic sanctions and com-
bating terrorist financing. 
‘‘(iv) International transportation pol-
icy. 
‘‘(v) Support for United States busi-
nesses. 
‘‘(vi) Economic policy analysis and 
private sector outreach. 
‘‘(vii) International data privacy and 
innovation policies. 
‘‘(viii) Such other related duties as 
the Secretary may from time to time des-
ignate.’’. 
SEC. 4. CHIEF OF MISSION RESPONSIBILITIES. 
Section 207 of the Foreign Service Act of 1980 (22 
U.S.C. 3927) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(d) PROMOTION OF UNITED STATES ECONOMIC IN-
TERESTS.—Each chief of mission to a foreign country 
shall have as a principal duty the promotion of United 
States economic and commercial interests in such coun-
try.’’. 
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SEC. 5. INCREASED TRAINING IN ECONOMIC AND COMMER-
CIAL DIPLOMACY. 
Section 708 of the Foreign Service Act of 1980 (22 
U.S.C. 4028) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(d) ECONOMIC
AND COMMERCIAL DIPLOMACY.— 
The Secretary of State, with the assistance of other rel-
evant officials and the private sector, shall establish as 
part of the standard training provided for economic and 
commercial officers of the Foreign Service, chiefs of mis-
sion, and deputy chiefs of mission, training on matters re-
lated to economic and commercial diplomacy, with par-
ticular attention to market access and other elements of 
an enabling framework for United States businesses, com-
mercial advocacy, and United States foreign economic pol-
icy, in addition to awareness about the support of the 
United States Government available to United States busi-
nesses, including support provided by the Department of 
Agriculture, the Department of Commerce, the Export- 
Import Bank of the United States, the Millennium Chal-
lenge Corporation, the Trade and Development Agency, 
the Department of the Treasury, the United States Agen-
cy for International Development, and the United States 
International Development Finance Corporation.’’. 
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SEC. 6. REPORT FROM EACH MISSION ON MATTERS OF 
COMMERCIAL RELATIONS. 
(a) IN GENERAL.—Not later than one year after the 
date of the enactment of this Act and annually thereafter, 
the chief of mission at each bilateral diplomatic mission 
of the United States and the Director of the American 
Institute in Taiwan shall submit to the Secretary of State 
the following: 
(1) Data and other information regarding ac-
tions taken by each such mission or Institute during 
the previous year to foster commercial relations and 
safeguard United States economic and business in-
terests in the country or region in which each such 
chief of mission and the Director serves. 
(2) Each such mission’s and Institute’s antici-
pated economic and commercial priorities for the 
coming year. 
(b) REPORT TO CONGRESS.—The Secretary of State, 
after receiving the information required under subsection 
(a), shall submit to the Committee on Foreign Affairs of 
the House of Representatives and the Committee on For-
eign Relations of the Senate a report, disaggregated by 
country or region, on activities and initiatives, including 
with appropriate examples, to create an enabling environ-
ment and otherwise promote United States economic and 
business interests in each such country or region, as well 
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as information about significant foreign competition to 
United States businesses in the relevant country or region, 
including state-directed investments by foreign govern-
ments and United States strategic competitors in such 
country or region. 
SEC. 7. REPORT ON UNIFIED INVESTMENT CLIMATE STATE-
MENT AND COUNTRY COMMERCIAL GUIDE. 
(a) IN GENERAL.—The Secretary of State and the 
Secretary of Commerce shall jointly produce and make 
publicly available on a United States Government internet 
website an annual country- and region-specific report re-
garding commercial relations with foreign countries and 
regions and safeguarding United States economic and 
business interests abroad, including with regard to United 
States exports and investments, including by small- and 
medium-size enterprises. 
(b) MATTERS TO BE INCLUDED.—Each report re-
quired under subsection (a) shall include the following 
with respect to each country or region covered by each 
such report: 
(1) Information about doing business in each 
country or region. 
(2) Background information about each coun-
try’s or region’s political environment. 
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(3) Information about selling United States 
products and services in each country or region. 
(4) Leading sectors for United States exports 
and investment in each country or region. 
(5) Information about trade regulations, cus-
toms, and standards in each country or region, such 
as— 
(A) information on import tariffs; and 
(B) documentation about which United 
States businesses should be aware when export-
ing, including any prohibited items or tem-
porary entry procedures. 
(6) Investment climate statements describing 
each country’s or region’s openness to foreign invest-
ments, such as information relating to each coun-
try’s or region’s— 
(A) investment policies; 
(B) market barriers; 
(C) business risks; 
(D) legal and regulatory system, including 
dispute resolution; 
(E) level of public and private sector cor-
ruption; 
(F) level of political violence and insta-
bility; 
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(G) adherence to internationally recognized 
core labor standards; and 
(H) protection of property rights. 
(7) Information about trade and project financ-
ing in each country or region, such as each country’s 
or region’s— 
(A) banking and financial system, and how 
United States businesses typically get paid; 
(B) foreign exchange controls; and 
(C) important sources of funding for 
project financing. 
(8) Relevant business travel information and 
business customs in each country or region. 
(9) Information about services and personnel of 
the diplomatic mission of the United States available 
to United States businesses to support their activi-
ties in each country or region. 
(10) Any significant trade or commercial agree-
ment that exists between the United States and each 
country or region. 
(11) A point of contact at the diplomatic or 
consular mission of the United States in each coun-
try or region for United States businesses. 
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SEC. 8. IMPROVING AWARENESS OF UNITED STATES GOV-
ERNMENT TOOLS AND SERVICES TO SUP-
PORT UNITED STATES BUSINESSES OVER-
SEAS. 
The Secretary of State and the Secretary of Com-
merce shall take actions to improve United States busi-
nesses’ awareness of United States Government tools and 
services to assist such businesses overseas, especially small 
and medium-sized enterprises, including by coordinating 
with State trade agencies, Export Assistance Centers, and 
Small Businesses Development Centers. 
SEC. 9. NEGOTIATIONS TO ESTABLISH INTERNATIONAL 
QUALITY 
INFRASTRUCTURE 
INVESTMENT 
STANDARDS. 
(a) IN GENERAL.—The President, acting through the 
Secretary of State, and in coordination with other relevant 
Federal agency heads, shall initiate and pursue negotia-
tions with countries to establish international standards 
for government-supported quality infrastructure invest-
ment overseas, including with respect to the following: 
(1) Respect for the sovereignty of countries in 
which infrastructure investments are made. 
(2) Anti-corruption. 
(3) Fiscal and debt sustainability. 
(4) Environmental, social and governance safe-
guards. 
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(5) Local labor. 
(6) Transparency. 
(b) REPORT ON PROGRESS OF NEGOTIATIONS.—Not 
later than one year after the date of enactment of this 
Act, the President shall provide a briefing to the Com-
mittee on Foreign Affairs of the House of Representatives 
and the Committee on Foreign Relations of the Senate 
on the progress of any negotiations described in subsection 
(a). 
SEC. 10. REPORT BY COMPTROLLER GENERAL OF THE 
UNITED STATES. 
(a) IN GENERAL.—Not later than two years after the 
date of the enactment of this Act, the Comptroller General 
of the United States shall submit to the Committee on 
Foreign Affairs of the House of Representatives and the 
Committee on Foreign Relations of the Senate a report 
on United States economic and commercial diplomacy. 
(b) MATTERS TO BE INCLUDED.—The report re-
quired under subsection (a) shall include an assessment 
of the following: 
(1) What is known about the effectiveness of 
United States economic and commercial diplomacy 
in influencing foreign governments and supporting 
United States businesses abroad. 
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(2) Coordination between the Department of 
State and the Department of Commerce with respect 
to United States economic and commercial diplo-
macy. 
(3) The effectiveness of training provided pur-
suant to subsection (d) of section 708 of the Foreign 
Service Act of 1980 (as added by section 4 of this 
Act) on matters relating to economic and commer-
cial diplomacy. 
(4) The status and effectiveness of actions 
taken by the Secretary of State under section 7 of 
this Act regarding commercial relations with foreign 
countries and regions and safeguarding United 
States economic and business interests abroad. 
(5) Recommendations to improve United States 
economic and commercial diplomacy. 
Æ 
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