[Congressional Record Volume 159, Number 117 (Monday, September 9, 2013)]
[House]
[Pages H5411-H5414]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




             GLOBAL INVESTMENT IN AMERICAN JOBS ACT OF 2013

  Mr. TERRY. Mr. Speaker, I move to suspend the rules and pass the bill 
(H.R. 2052) 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 competitiveness of the United States in attracting 
foreign direct investment, as amended.
  The Clerk read the title of the bill.
  The text of the bill is as follows:

                               H.R. 2052

       Be it enacted by the Senate and House of Representatives 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 2013''.

     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 consistently 
     reaffirmed the need to promote an open investment climate as 
     a key to domestic economic prosperity and security.
       (5) The United States has historically been the largest 
     worldwide recipient of foreign direct investment but has seen 
     its share decline in recent years.
       (6) The United States faces increasing competition from 
     other countries as it works to recruit investment from global 
     companies.
       (7) Foreign direct investment can benefit the economy and 
     workforce of every State and Commonwealth in the United 
     States.
       (8) According to the latest Federal statistics, the United 
     States subsidiaries of companies headquartered abroad 
     contribute to the United States economy in a variety of 
     important ways, including 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 industrial base and 
     employing nearly 15 percent of the United States 
     manufacturing sector workforce;
       (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 research 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 hundreds of billions of dollars 
     annually.
       (9) These companies account for 5.8 percent of United 
     States private sector gross domestic product.
       (10) The Department of Commerce has initiatives 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 expanded 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 Competitiveness 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 equitable justice system, and 
     transparent and accountable administrative procedures are 
     important factors that contribute to United States global 
     competitiveness.

     SEC. 3. SENSE OF CONGRESS.

       It is the sense of Congress that--
       (1) the ability of the United States to attract foreign 
     direct investment 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, prosperity, and security of the United 
     States by--
       (A) removing unnecessary barriers to foreign direct 
     investment and the jobs that it creates throughout the United 
     States; and
       (B) promoting policies to ensure the United States remains 
     the premier global destination 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 security interests and 
     should not disadvantage domestic investors or companies; and
       (5) United States efforts to attract foreign direct 
     investment should be consistent with efforts to maintain and 
     improve the domestic standard of living.

     SEC. 4. FOREIGN DIRECT INVESTMENT REVIEW.

       (a) Review.--The Secretary of Commerce, in coordination 
     with the Federal Interagency Investment Working Group and the 
     heads of other relevant Federal departments and agencies, 
     shall conduct an interagency review of the global 
     competitiveness of the United States in attracting foreign 
     direct investment.
       (b) Specific Matters to Be Included.--The review conducted 
     pursuant to subsection (a) shall include a review of--
       (1) the current economic impact of foreign direct 
     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 direct 
     investment by domestic entities;
       (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 direct 
     investment by state-owned enterprises;
       (7) ongoing Federal Government efforts to improve 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 investment; and
       (9) initiatives by other countries in order to identify 
     best practices for increasing global competitiveness 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 opportunity for public comment 
     on the matters to be covered by the review; and
       (2) reporting pursuant to subsection (e), the Secretary 
     shall publish the proposed findings and recommendations to 
     Congress in the Federal Register 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 relevant Federal departments and 
     agencies, shall report to Congress the findings of the review 
     required under subsection (a) and submit recommendations for 
     increasing the global competitiveness of the United States in 
     attracting foreign direct investment without weakening labor, 
     consumer, financial, or environmental protections.

  The SPEAKER pro tempore. Pursuant to the rule, the gentleman from 
Nebraska (Mr. Terry) and the gentleman from Georgia (Mr. Barrow) each 
will control 20 minutes.
  The Chair recognizes the gentleman from Nebraska.


                             General Leave

  Mr. TERRY. Mr. Speaker, I ask unanimous consent that all Members may 
have 5 legislative days in which to revise and extend their remarks and 
insert extraneous materials in the Record on the bill.

[[Page H5412]]

  The SPEAKER pro tempore. Is there objection to the request of the 
gentleman from Nebraska?
  There was no objection.
  Mr. TERRY. I yield myself as much time as I may consume.
  Mr. Speaker, I rise in support of H.R. 2052, the Global Investment in 
American Jobs Act of 2013.
  Now, we recently saw the latest job numbers. While somewhat positive, 
the reality is that we have more people out of the workforce than since 
1978. People are giving up looking for work, and it doesn't have to be 
and shouldn't be that way.
  There are many foreign companies who want to ``in-source'' their jobs 
to America, but there have been many barriers standing in their way. 
There are many foreign companies who should and want to come here. 
These are good, high-paying jobs that many Americans are looking for.
  In 2010 alone, U.S. affiliates of foreign firms employed an estimated 
5.6 million Americans. These Americans also made, on average, $77,000 
per year.
  These U.S. subsidiaries invested $41.3 billion in research and 
development and made $149 billion in capital expenditures in the United 
States that same year. In the manufacturing sector alone, FDI inflows 
were nearly $84 billion in 2012, according to the National Association 
of Manufacturers.
  Unfortunately, according to the testimony of the Organization for 
International Investment at our legislative hearing last spring, the 
United States' share of foreign direct investment dropped from 41 
percent at its high in 1999 to just 17 percent in 2011. Today, we're 
here to reverse that trend.
  My bill, H.R. 2052, and also, with the gentlelady, Ms. Schakowsky, 
and Mr. Barrow on the other side of the aisle, this is a bipartisan 
piece of legislation that instructs the Department of Commerce to 
conduct an interagency review geared to identifying those barriers to 
foreign investment to the United States. It also instructs the 
Department of Commerce to make recommendations on ways to lower or 
eliminate those same barriers.
  The United States should be the leader in attracting foreign 
investment. We have a stable government, safe working conditions, and 
the most skilled workforce in the world. I believe that our long-term 
global competitiveness and economic success as a nation is directly 
tied to our ability to attract foreign investment.
  By creating an environment where foreign companies want to move their 
manufacturing operations or distribution centers to the United States, 
we are fostering an environment or atmosphere of organic, government 
stimulus-free economic growth.
  We must be aware of the potential impact on the U.S.' ability to 
attract foreign direct investment when considering new laws and 
regulations.
  We want these companies to come here and help us grow our economy. 
But there are a number of areas within the purview of the Federal 
Government where we can improve the domestic climate for foreign direct 
investment.
  It's my hope that the report at the heart of this legislation will 
highlight those areas, both for the administration, where it can act on 
its own authority, and for Congress, where the administration lacks the 
authority.
  I would also like to thank some individuals who helped get this 
legislation off the ground and to the House floor today. First off, I'd 
like to thank the gentleman from Illinois (Mr. Roskam), who has 
championed this issue for several years.
  I would also like to thank the gentlewoman from Illinois (Ms. 
Schakowsky), the ranking member of this subcommittee, as well as our 
friend, the gentleman from Georgia (Mr. Barrow), for his leadership.
  I believe we can all agree that we shouldn't stop our efforts to put 
America back to work until every American who wants a job can find one. 
This legislation is a step in the right direction, Mr. Speaker, and I 
urge my colleagues to support this bill.
  I reserve the balance of my time.
  Mr. BARROW of Georgia. Mr. Speaker, I thank the gentleman from 
Nebraska for his leadership on this issue.
  Mr. Speaker, I yield myself such time as I may consume.
  Mr. Speaker, I rise today in support of H.R. 2052, the Global 
Investment in American Jobs Act, because it will encourage the growth 
of good, American jobs.
  Every time I go home, I'm reminded of how investors overseas spur 
jobs here at home by tapping into the talent of America. Dutch 
companies like DSM in Augusta, French companies like Alstom in 
Waynesboro, and Japanese companies like YKK in Dublin could invest in 
any country in the world. They're proud to invest in Georgia's 12th 
District because the families who work for them take pride in their 
work.
  This bill requires the Department of Commerce to investigate how it 
can be an attractive investment for foreign-owned companies. The United 
States still has the best workers in the world, and they deserve every 
opportunity to offer their skills to companies looking to expand.
  I'm proud that this bill also enjoys broad bipartisan support. This 
is how Congress can and should work, Democrats and Republicans coming 
together to get Americans back to work.
  I urge my colleagues to support this bill, and I look forward to 
building a stronger future for American workers by passing H.R. 2052.
  Mr. Speaker, I reserve the balance of my time.
  Mr. TERRY. Mr. Speaker, I'll continue to reserve the balance of my 
time.
  Mr. BARROW of Georgia. Mr. Speaker, I am pleased to yield as much 
time as she may consume to the gentlewoman from Illinois (Ms. 
Schakowsky).
  Ms. SCHAKOWSKY. Mr. Speaker, I appreciate the patience and 
understanding, just coming from a classified hearing.
  I want to first thank the chairman and his staff, as well as 
committee Democratic staff, for working so hard and so diligently and 
collaboratively to come to an agreement on legislation that will help 
guide American job and economic growth.
  There is a strong incentive to invest in America, which remains the 
best place on Earth to find talented, motivated employees who are the 
core of the middle class.
  My home State of Illinois ranks number one in the Midwest in terms of 
foreign direct investment, with nearly 1,600 foreign-based firms 
employing more than 300,000 Illinois residents. In attracting the 
investment, Illinois has showcased its world-class transportation 
infrastructure, its diversified economy, its productive workforce, and 
its cultural diversity and attractions.
  It has also maintained its strong labor, health, and environmental 
standards that helped build the middle class, which I believe is the 
key to successful foreign direct investment.
  Some companies are working to respect the rights of workers as they 
invest in the United States. On Friday, it was announced that 
Volkswagen is working collaboratively with the United Auto Workers to 
unionize its Chattanooga, Tennessee, plant. That will help to ensure 
that the best interests of American workers are a major consideration 
at the plant and the company as it continues its investment in the 
United States.
  That being said, it is important that the study authorized in this 
legislation examine both the benefits and the costs of foreign direct 
investment. Doing so will allow us to determine the ways to drive 
investment that maintains high labor, health, environmental, and 
national security standards.
  And on that subject, I'd like to enter into a colloquy on the 
amendment in the nature of a substitute offered by Mr. Terry. While I 
will not oppose this amendment, I must express my reservations.
  Mr. Chairman, you worked with me in a very collegial and bipartisan 
manner to craft a bipartisan bill. H.R. 2052 is a good product.
  Now we have before us an amendment that makes three changes that 
could be perceived to weaken important provisions of the bill. I have 
concerns about each of them, but I would like to focus on the 
elimination of cost-benefit language regarding the bill's required 
review of the current economic impact of foreign direct investment.
  During our negotiations, I suggested that language because I believed 
that we needed to ensure that the review be balanced, and you agreed.

[[Page H5413]]

  In addition, some of the language in the findings and in the sense of 
Congress could be read as if there are only benefits of FDI, and we 
wanted to be evenhanded. While I do believe that there are benefits to 
FDI, there are also costs that must be considered.
  Regardless of the amendment before us now, can you assure me that the 
bill's requirement of a review of the current economic impact of 
foreign direct investment required under this bill will include a 
review of both the benefits and costs of foreign direct investment?
  Mr. TERRY. Will the gentlewoman yield?
  Ms. SCHAKOWSKY. I yield to the gentleman from Nebraska.
  Mr. TERRY. Yes, I can assure you. I agree with the gentlelady that it 
should include both benefits and costs, as we have suggested. And I do 
want to state that I appreciate working with you. And you have shown 
great collegiality as well in our negotiations, and I want to thank you 
for that.
  Ms. SCHAKOWSKY. Thank you so much.
  Reclaiming my time, if I could just say, I will not oppose the 
amendment, but I do expect to work with you to ensure that the review, 
should this bill become law, is balanced and to ensure that any report 
of this committee on H.R. 2052 include the clarification that you just 
made.
  Mr. TERRY. Mr. Speaker, having the right to close, I am going to 
reserve the balance of my time and allow them to finish their time, if 
they have any.
  Mr. BARROW of Georgia. I thank the gentleman.
  We have no further speakers on our side and, with that, I yield back 
the balance of my time.
  Mr. TERRY. Mr. Speaker, I yield myself as much time as I may consume.
  I want to close by saying that this truly has been a bipartisan 
effort. Both sides of the aisle want the U.S. to be in a better 
position to attract the foreign direct investment which does create 
jobs in the United States. That has been on the decline. We need to 
reverse that.
  And this is one of those times when you go home and you hear, at your 
townhall meeting, Why don't you work together? The people need to see 
how we worked together on this bill and resolved the differences 
between each other on this. Today we're here to have what I think will 
be an overwhelmingly positive vote.
  With that, I will submit a couple of letters for the Record. One is 
about 150 entities that signed on to a letter for the Organization for 
International Investment, and then also another letter from Sanofi 
dated September 9, 2013.
  Mr. Speaker, I yield back the balance of my time.

               Organization for International Investment

       OFII is the only business association in Washington D.C. 
     that exclusively represents U.S. subsidiaries of foreign 
     companies and advocates for their non-discriminatory 
     treatment under state and federal law.


                                Members

       ABB Inc.; ACE INA Holdings, Inc.; Ahold USA, Inc.; Airbus 
     North America Holdings; Air Liquide USA; Akzo Nobel Inc.; 
     Alcatel-Lucent; Allianz of North America; ALSTOM; Anheuser-
     Busch; APG; APL Limited; AREVA, Inc.; Arup; Astellas Pharma 
     US, Inc.; AstraZeneca Pharmaceuticals; BAE Systems; Balfour 
     Beatty; Barclays Capital; Barrick Gold Corp. of North 
     America.
       BASF Corporation; Bayer Corp.; BG Group; BHP Billiton; BIC 
     Corp.; Bimbo Foods, Inc.; bioMerieux, Inc.; BMW of North 
     America; BNP Paribas; Boehringer Ingelheim Corp.; Bombardier 
     Inc.; BOSCH; BP; Bridgestone Americas Holding; Brother 
     International Corp.; BT; Bunge Ltd.; Bunzl USA, Inc.; Case 
     New Holland; Cobham.
        Covidien; Credit Suisse Securities (USA); Cristal USA 
     Inc.; Daiichi Sankyo, Inc.; Daimler; Dassault Falcon Jet 
     Corp.; Deutsche Telekom; Diageo, Inc.; EADS, Inc.; Electrolux 
     North America; EMD Serono Inc.; E.ON North America; Ericsson; 
     Evonik Degussa Corporation; Experian; Flextronics 
     International; Food Lion, LLC; France Telecom North America; 
     FUJIFILM Holdings America; Garmin International, Inc.
       GDF SUEZ Energy North America, Inc.; Generali USA; GKN 
     America Corp.; GlaxoSmithKline; Hanson North America; Henkel 
     Corporation; Holcim (US) Inc.; Honda North America; HSBC 
     North America Holdings; Huhtamaki; Hyundai Motor America; 
     Iberdrola Renewables; ING America Insurance Holdings; 
     InterContinental Hotels Group; JBS USA; John Hancock Life 
     Insurance Co.; Kering; Kia Motor Corporation; Lafarge North 
     America; Logitech Inc.
       L'Oreal USA, Inc.; Louisiana Energy Service (LES); Louis 
     Dreyfus Commodities; Louisville Corporate Services, Inc.; 
     LVMH Moet Hennessy Louis Vuitton; Macquarie Aircraft Leasing 
     Services; Maersk Inc.; Magna International; Mallinckrodt; 
     Marvell Semiconductor; McCain Foods USA; Michelin North 
     America, Inc.; National Grid; Nestle USA, Inc.; Nissan; 
     Nomura Holding America, Inc.; Novartis Corporation; Novo 
     Nordisk Pharmaceuticals; Oldcastle, Inc.; Panasonic Corp.; of 
     North America.
       Pearson Inc.; Pernod Ricard USA; Philips Electronics North 
     America; QBE the Americas; Randstad North America; Reed 
     Elsevier Inc.; Research in Motion; Rexam Inc.; Rinnai; Rio 
     Tinto America; Roche Holdings, Inc.; Rolls-Royce North 
     America Inc.; Royal Bank of Canada; SABIC Innovative 
     Plastics; Samsung; Sanofi US; SAP America; Sasol; 
     Schlumberger.
       Schneider Electric USA; Schott North America; Shell Oil 
     Company; Siemens Corporation; Smith & Nephew, Inc.; Societe 
     Generale; Solvay America; Sony Corporation of America; 
     Sprint; Sumitomo Corp.; of America; Swiss Re America Holding 
     Corp.; Syngenta Corporation; Takeda North America; Tate & 
     Lyle North America, Inc.; TD Bank; TE Connectivity; Teva 
     Pharmaceuticals USA; Thales USA, Inc.; The Tata Group; 
     Thomson Reuters.
       ThyssenKrupp North America, Inc.; Tim Hortons; Toa 
     Reinsurance Company of America; Tomkins Industries, Inc.; 
     TOTAL Holdings USA, Inc.; Toyota Motor North America; 
     Transamerica; Tyco; UBS; UCB; Umicore USA; Unilever; Vivendi; 
     Vodafone; Voith Holding Inc.; Volkswagen of America, Inc.; 
     Volvo Cars North America; Volvo Group North America, Inc.; 
     Westfield LLC; White Mountains, Inc.; Wipro Inc.; Wolters 
     Kluwer U.S. Corporation; Wolseley; WPP Group USA, Inc.; XL 
     Global Services; Zurich Insurance Group.
                                                  Organization for


                                     International Investment,

                                Washington, DC, September 9, 2013.
     Re OFII Support of H.R. 2052, the ``Global Investment in 
         American Jobs Act of 2013''.

     Hon. Fred Upton,
     Chairman, Energy and Commerce Committee, Washington, DC.
     Hon. Lee Terry,
     Chairman, Subcommittee on Commerce, Manufacturing and Trade, 
         Washington, DC.
     Hon. Henry Waxman,
     Ranking Member, Energy and Commerce Committee, Washington, 
         DC.
     Hon. Jan Schakowsky,
     Ranking Member, Subcommittee on Commerce, Manufacturing and 
         Trade, Washington, DC.
       Dear Chairman Upton, Ranking Member Waxman, Chairman Terry 
     and Ranking Member Schakowsky: On behalf of the Organization 
     for International Investment (OFII) and its member companies, 
     I write in strong support of H.R. 2052, the ``Global 
     Investment in American Jobs Act of 2013'' and commend the 
     Energy and Commerce Committee for its leadership on this 
     important bipartisan legislation. As the United States 
     continues to confront significant economic challenges, this 
     legislation is critical to enhancing our nation's efforts to 
     attract global business investment and the jobs and economic 
     growth it generates.
       OFII is a business association comprised of over 160 U.S. 
     subsidiaries of companies headquartered abroad (membership 
     list is included). OFII works to ensure a level playing field 
     for its member companies and promote policies which increase 
     U.S. competitiveness in attracting foreign direct investment 
     (FDI).
       U.S. subsidiaries of global companies play a major role in 
     the national economy, directly employing 5.6 million 
     Americans, supporting an annual U.S. payroll of more than 
     $408 billion, and employing 17 percent of the U.S. 
     manufacturing workforce. In addition, these companies account 
     for a significant share of U.S. research and development 
     activities, purchase goods and services worth hundreds of 
     billions of dollars every year from U.S. suppliers and small 
     businesses, and produce nearly 18 percent of all U.S. 
     exports, which provide hundreds of billions of dollars in 
     American goods and services annually to customers around the 
     world.
       However, the United States faces an increasingly 
     competitive global environment for job-creating FDI. Now more 
     than ever before, companies have an unprecedented array of 
     options when looking to invest, expand, or establish new 
     operations, including into emerging economies such as China 
     and Brazil. While the United States remains the world's 
     leading recipient of FDI, its share of global investment has 
     dropped significantly from 41 percent in 1999 to just 17 
     percent in 2011. It is no longer enough for the U.S. to 
     merely be ``open'' to global investment; we must be ready to 
     compete in a challenging global marketplace.
       OFII and its member companies believe the ``Global 
     Investment in American Jobs Act'' is a critical step in 
     ensuring the U.S. remains the world's most attractive 
     location for global businesses to invest, grow, and create 
     jobs. The bill directs the Secretary of Commerce to lead the 
     first-ever comprehensive interagency review of U.S. 
     competitiveness for FDI. This examination of economic trends, 
     best practices from around the world, and key policies will 
     result in recommendations to Congress outlining a new roadmap 
     for attracting and retaining top tier global businesses. In 
     addition, the legislation explicitly recognizes the 
     importance of FDI to

[[Page H5414]]

     the U.S. economy by expressing the sense of Congress that 
     remaining competitive in attracting such investment is 
     directly linked to our nation's long-term economic strength 
     and security.
       Passage of the ``Global Investment in American Jobs Act'' 
     would send a powerful and bipartisan message that America is 
     ready to compete in a new way for global investment.
       Thank you for your leadership.
           Sincerely,

                                            Nancy L. McLernon,

                                     President & CEO, Organization
     for International Investment.
                                  ____



                                                       SANOFI,

                                Washington, DC, September 9, 2013.
     Hon. Lee Terry,
     House of Representatives, Chairman, Energy and Commerce 
         Committee, Subcommittee on Commerce, Manufacturing & 
         Trade, Washington, DC.
       Dear Chairman Terry: Sanofi is a leading global and 
     diversified healthcare company which discovers, develops and 
     distributes therapeutic solutions focused on patients' needs. 
     Sanofi has core strengths in the field of healthcare with 
     seven growth platforms: diabetes solutions, human vaccines, 
     innovative drugs, rare diseases, consumer healthcare, 
     emerging markets and animal health.
       On behalf of Sanofi, I would like to thank and commend you 
     and your colleagues and express our strong support for your 
     bill, H.R. 2052, the ``Global Investment in American Jobs Act 
     of 2013.'' As you know, the ``Global Investment in American 
     Jobs Act'' is bicameral and bipartisan legislation aimed at 
     improving America's ability to attract job-creating foreign 
     direct investment (FDI) from businesses around the world. The 
     bill requires the Secretary of Commerce to implement a 
     comprehensive review of the United States' ability to attract 
     foreign direct investment. The review will look at what we 
     are doing right and what we are doing wrong. It will also 
     look at what other countries are doing that we should follow 
     and what other countries are doing that we should avoid. 
     Following this review, the Secretary will issue 
     recommendations for all agencies of government setting out a 
     comprehensive plan for improving U.S. global competiveness 
     for attracting foreign investment.
       FDI in the United States has been an engine for economic 
     growth, fueling U.S. manufacturing, innovation, trade, and 
     overall job creation. U.S. subsidiaries of foreign-
     headquartered companies account for 5.8 percent of U.S. 
     private sector GDP and employ 5.6 million American workers, 
     including two million in the manufacturing sector. In 
     addition, these companies produce 18 percent of all U.S. 
     exports, fund 14 percent of annual research and development 
     activities, and support a diverse supplier network throughout 
     the country, purchasing goods and services worth hundreds of 
     billions of dollars every year from thousands of small and 
     medium-sized American companies.
       While the U.S. remains the world's leading recipient of 
     foreign direct investment, our global share of such 
     investment has dropped significantly since the turn of the 
     21st century, from 41 percent in 1999 to just over 17 percent 
     in 2011. In March, the Department of Commerce released new 
     data showing the U.S. received $174.7 billion in global 
     investment for 2012, a decrease of 25% compared with $234 
     billion the previous year. Foreign-headquartered companies, 
     such as Sanofi, have many options when looking to invest, 
     expand, or establish new operations, including into emerging 
     economies. In this challenging global environment, the U.S. 
     must position itself to compete for job-creating FDI.
       Sanofi has made a significant investment in the U.S. Sanofi 
     employs more than 17,000 through our U.S. affiliates in 
     pharmaceuticals, vaccines, animal health, consumer health and 
     rare diseases. Sanofi has R&D facilities in 8 states (AZ, CA, 
     GA, MA, MD, MO, NJ, and PA) and important R&D partnerships 
     with organizations such as Harvard, MIT and Dana-Farber, 
     reflecting the importance of research and development to the 
     company in the U.S. Our U.S. affiliates have manufacturing, 
     packaging or distribution sites in 9 states (MO, PA, TN, MA, 
     NJ, MN, NC, GA, MD and NV). Our U.S. affiliates export 
     products from 7 states (GA, PA, MA, MO, NJ, TN, and MN). And 
     we have more than $4 billion in contracts with over 15,000 
     vendors and suppliers throughout the U.S.
       H.R. 2052 has the support of a broad range of cosponsors 
     who understand that investment from around the globe is 
     important to every state and region across this country. As a 
     result, H.R. 2052 was unanimously approved by the Energy and 
     Commerce Committee on July 17, 2013. The House of 
     Representatives passed similar legislation during the 112th 
     Congress with strong bipartisan support. Passing this 
     legislation will be an important step in enhancing/ U.S. 
     competitiveness and reinvigorating job growth in our country.
       Thank you once again for your work and commitment to 
     incentivize FDI in the United States to expand the job market 
     and strengthen our economy.
           Sincerely,

                                               Patrick McLain,

                                Vice President, Federal Government
                              Affairs, Policy & Issues Management.

  The SPEAKER pro tempore. The question is on the motion offered by the 
gentleman from Nebraska (Mr. Terry) that the House suspend the rules 
and pass the bill, H.R. 2052, as amended.
  The question was taken.
  The SPEAKER pro tempore. In the opinion of the Chair, two-thirds 
being in the affirmative, the ayes have it.
  Mr. TERRY. Mr. Speaker, on that I demand the yeas and nays.
  The yeas and nays were ordered.
  The SPEAKER pro tempore. Pursuant to clause 8 of rule XX, further 
proceedings on this motion will be postponed.

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