FOREIGN INVESTMENTS

Bills and resolutions

China: encourage State and local governments to prohibit certain investment activities in China (see H.R. 6528), H6049 [30NO]

——— impose sanctions and prohibit visas for those who participate in illegal operations in South China Sea and East China Sea (see S. 591), S568 [1MR]

——— prohibit acquisition and ownership of U.S. agricultural land (see S. 684), S669 [7MR]

——— require annual report on U.S. portfolio investments (see S. 860), S826 [16MR]

——— safeguard certain U.S. technology and intellectual property from export to or influence by China and protect U.S. industry from unfair competition by China (see S. 153), S147 [30JA]

Committee on Foreign Investment in the U.S.: determine whether national security review is needed for reportable agricultural land transactions referred by Sec. of Agriculture (see H.R. 5409), H4263 [12SE]

——— expand transactions for which declarations may be required to include investments in U.S. businesses that maintain or collect sensitive personal data (see S. 2947), S4720 [27SE]

——— include Depts. of Agriculture and HHS and require to consider security of U.S. food and agriculture systems as factor when determining to take action on foreign investment (see S. 2312), S2460 [13JY]

——— include Sec. of Agriculture as member (see S. 168), S172 [31JA] (see H.R. 683), H576 [31JA] (see H.R. 3378), H2376 [16MY]

——— increase oversight of foreign direct investment in U.S. agricultural land (see S. 1066), S1053 [29MR]

——— protect against foreign influence over agriculture production and supply chains (see S. 68), S98 [25JA] (see H.R. 513), H323 [25JA]

——— protect U.S. food security, give greater jurisdiction over land purchases, and prevent foreign adversary purchases of land near sensitive sites (see H.R. 4577), H3476 [12JY]

——— require review of greenfield investments by China (see S. 2069), S2185 [21JN] (see H.R. 5926), H4998 [11OC]

——— strengthen oversight over foreign investment in U.S. agricultural industry (see S. 2060), S2145 [20JN] (see H.R. 5078), H4151 [28JY]

——— strengthen requirements for reviews of covered transactions involving genetic information (see S. 1827), S1982 [6JN]

Dept. of Agriculture: increase minimum amount of civil penalty imposed for violating regulations relative to foreign investments in U.S. agricultural land (see H.R. 1789), H1437 [24MR]

——— remove limitation on amount of civil penalty imposed on foreign owners who fail to report or misreport investments in U.S. agricultural land (see S. 2382), S3147 [19JY] (see H.R. 6469), H5902 [21NO]

——— require foreign purchaser of agricultural land to be subject to same restrictions as are applicable to U.S. citizens and nationals in home country of such foreign purchaser (see H.R. 6580), H6110 [4DE]

Dept. of Commerce: conduct interagency review of, and report to Congress on, ways to increase U.S. global competitiveness in attracting foreign direct investment (see S. 2368), S3147 [19JY] (see H.R. 813), H678 [2FE]

——— establish China Economic Data Coordination Center within Bureau of Economic Analysis (see S. 970), S933 [23MR]

——— require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production (see S. 229), S229 [2FE] (see H.R. 752), H675 [2FE]

Dept. of Justice: require certain nonprofit social welfare organizations to submit disclosure reports on foreign funding (see S. 1087), S1088 [30MR] (see H.R. 1438), H1204 [8MR]

Dept. of the Treasury: increase transparency regarding activities, and reduce malign influence of, China in Inter-American Development Bank (see S. 2470), S3521 [25JY] (see H.R. 4865), H3949 [25JY]

——— instruct U.S. Executive Director at World Bank and other international financial institutions to support assistance for nuclear energy (see H.R. 806), H678 [2FE]

——— provide investment screening mechanism for U.S. companies investing in certain technology sectors in countries of concern (see S. 2678), S3756 [27JY]

——— report on oligarchs and parastatal entities of Iran (see H.R. 931), H824 [9FE]

Executive Office of the President: announce whether action will be taken on covered transaction under Defense Production Act that passed Committee on Foreign Investment in the U.S. transaction review deadline (see H.R. 2895), H2048 [26AP]

Federal agencies and departments: prohibit from contracting with companies engaged in boycott of Israel (see H.R. 4564), H3205 [11JY]

Federal employees: prohibit sums in Thrift Savings Plan from being invested in securities listed on certain foreign exchanges (see H.R. 3455), H2426 [17MY]

Foreign countries: require reviews of U.S. investment in countries that may threaten national critical capabilities and improve use of authorities under Defense Production Act (see H.R. 3136), H2170 [9MY]

Foreign policy: encourage increased trade and investment between U.S. and Western Balkan countries (see S. 1651), S1704 [17MY]

——— enhance economic and strategic competitiveness of U.S. (see S. 3005), S4916 [3OC]

International Development Finance Corp.: provide support in certain countries for projects developing or processing covered critical materials if such support furthers U.S. national security interests (see H.R. 4977), H4137 [27JY]

Investments: monitor U.S. investments in entities that are controlled by foreign adversaries (see S. 3476), S5919 [12DE] (see H.R. 6733), H6859 [12DE]

Israel: allow State and local governments to divest from entities engaging in boycott, divestment, or sanctions activities targeting Israel (see S. 1637), S1704 [17MY]

Members of Congress: require disclosure of business ties with foreign entities (see H.R. 2512), H1708 [6AP]

Political ethics: prohibit immediate family members of President, Vice President, and cabinet officials from using their family’s influence to benefit in foreign business dealings (see H.R. 5836), H4909 [29SE]

Real estate: establish moratorium on purchase of public or private real estate located in U.S. by foreign persons (see H.R. 840), H709 [6FE]

——— identify foreign purchasers in urban areas, increase foreign investment in real property withholding tax, and use proceeds to increase low-income housing tax credit ceiling (see S. 551), S531 [28FE] (see H.R. 3533), H2455 [18MY]

Renewable energy: prohibit investment by foreign adversaries in U.S. real estate suitable for renewable energy or renewable fuels production (see H.R. 1448), H1205 [8MR]

SBA: prohibit businesses owned by or affiliated with Chinese citizens from receiving assistance (see S. 1372), S1418 [27AP]

SEC: address disclosures by directors, officers, and principal stockholders of foreign private issuers (see S. 1169), S1134 [17AP]

——— require certain foreign companies to use approved independent auditors (see S. 3494), S5961 [13DE] (see H.R. 6769), H6941 [13DE]

——— require corporations to publicly disclose financial reporting on country-by-country basis to provide transparency on use of tax havens or offshoring jobs (see S. 638), S636 [2MR] (see H.R. 4938), H4030 [26JY]

Taxation: exclude certain amounts from tested income of controlled foreign corporations (see H.R. 1055), H851 [17FE]

——— impose certain tax penalties in connection with invasion of Ukraine and use revenues for Ukraine reconstruction fund (see H.R. 6416), H5891 [15NO]

——— make investment income of certain foreign governments subject to tax (see S. 2518), S3619 [26JY]

——— provide current year inclusion of net controlled foreign corporation tested income by ending tax breaks for exporting jobs and profits (see S. 357), S312 [9FE] (see H.R. 884), H822 [9FE]

——— restore limitation on downward attribution of stock ownership in applying constructive ownership rules to controlled foreign corporations (see H.R. 5751), H4712 [27SE]

Letters

Outbound Investment Transparency Act: several individuals, S5878 [7DE]

Messages

National Emergency Relative to Venezuela: President Biden, S567 [1MR], H996 [1MR]

Remarks in House

China: prohibit acquisition and ownership of U.S. agricultural land, H3955 [26JY]

Committee on Foreign Investment in the U.S.: evaluate threat of U.S. agricultural operations owned by adversarial nations, H5583 [8NO]

Dept. of Commerce: conduct interagency review of, and report to Congress on, ways to increase U.S. global competitiveness in attracting foreign direct investment (H.R. 813), H3624–H3626 [17JY]

——— require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semiconductor-related manufacturing and production (H.R. 752), H3930–H3932 [25JY]

Honduras: U.S. policy, E1218 [13DE], E1249 [19DE]

Renewable energy: prohibit investment by foreign adversaries in U.S. real estate suitable for renewable energy or renewable fuels production, H1507 [28MR]

Tanzania: recognize economic accomplishments and encourage increased trade and investment with U.S., E559 [14JN]

Taxation: corporate tax rate reform, H1254 [10MR]

Remarks in Senate

China: U.S. policy, S1472 [3MY]

Committee on Foreign Investment in the U.S.: include Sec. of Agriculture as member, S3510, S3513, S3517 [25JY]

——— increase oversight of foreign direct investment in U.S. agricultural land (S. 1066), S978 [28MR]

Dept. of Commerce: require SelectUSA to coordinate with State-level economic development organizations to increase foreign direct investment in semicondutor-related manufacturing and production (S. 229), S5966 [13DE]

Dept. of the Treasury: provide investment screening mechanism for U.S. companies investing in certain technology sectors in countries of concern, S3510–S3512 [25JY], S3565 [26JY], S5350 [6NO], S5495 [14NO], S5700 [4DE]

——— provide investment screening mechanism for U.S. companies investing in certain technology sectors in countries of concern (S. 2678), S5876–S5879 [7DE]

Foreign countries: require reviews of U.S. investment in countries that may threaten national critical capabilities and improve use of authorities under Defense Production Act, S2041 [12JN]

Reports filed

Global Investment in American Jobs Act: Committee on Energy and Commerce (House) (H.R. 813) (H. Rept. 118–137), H3204 [11JY]

Securing Semiconductor Supply Chains Act: Committee on Commerce, Science, and Transportation (Senate) (S. 229), S5749 [5DE]

——— Committee on Energy and Commerce (House) (H.R. 752) (H. Rept. 118–136), H3203 [11JY]

Texts of

H.R. 752, Securing Semiconductor Supply Chains Act, H3930 [25JY]

H.R. 813, Global Investment in American Jobs Act, H3624 [17JY]

S. 229, Securing Semiconductor Supply Chains Act, S6061 [19DE]