[House Report 119-156]
[From the U.S. Government Publishing Office]
119th Congress } { Report
HOUSE OF REPRESENTATIVES
1st Session } { 119-156
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GLOBAL INVESTMENT IN AMERICAN JOBS ACT OF 2025
_______
June 12, 2025.--Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
_______
Mr. Guthrie, from the Committee on Energy and Commerce, submitted the
following
R E P O R T
[To accompany H.R. 1679]
The Committee on Energy and Commerce, to whom was referred
the bill (H.R. 1679) 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, having considered the same, reports
favorably thereon without amendment and recommends that the
bill do pass.
CONTENTS
Page
Purpose and Summary.............................................. 1
Background and Need for Legislation.............................. 2
Committee Action................................................. 2
Committee Votes.................................................. 2
Oversight Findings and Recommendations........................... 2
New Budget Authority, Entitlement Authority, and Tax Expenditures 3
Congressional Budget Office Estimate............................. 3
Federal Mandates Statement....................................... 3
Statement of General Performance Goals and Objectives............ 3
Duplication of Federal Programs.................................. 3
Related Committee and Subcommittee Hearings...................... 3
Committee Cost Estimate.......................................... 4
Earmark, Limited Tax Benefits, and Limited Tariff Benefits....... 4
Advisory Committee Statement..................................... 4
Applicability to Legislative Branch.............................. 4
Section-by-Section Analysis of the Legislation................... 4
Changes in Existing Law Made by the Bill, as Reported............ 5
PURPOSE AND SUMMARY
H.R. 1679, the ``Global Investment in American Jobs Act of
2025,'' was introduced by Representative Evans on February 27,
2025, and referred to the Committee on Energy and Commerce.
H.R. 1679 would direct the Secretary of Commerce and the
Comptroller General of the United States to conduct an
interagency review and report on ways to increase global
competitiveness of the U.S. in attracting foreign direct
investment (FDI) from responsible private-sector entities based
in trusted countries and economies. The review conducted shall
include but not be limited to the current economic impact of
FDI in the United States, trends in global cross-border
investment, Federal Government policies that are closely linked
to the ability of the U.S. to attract and retain FDI, FDI as
compared to domestic direct investment, barriers to the U.S.
competitiveness to attract FDI, and ongoing U.S. efforts to
attract FDI. The bill would also require the Secretary of
Commerce and the Comptroller General to report to Congress with
recommendations for increasing global competitiveness of the
U.S. in attracting FDI.
BACKGROUND AND NEED FOR LEGISLATION
FDI is a category of investments into an ownership stake of
a company that originates from foreign sources whether they are
made by an investor, company, or a government from another
country. FDI has proven to be critical for a country's economy,
including during financial hardships,\1\ and creates a pathway
for countries to manufacture new and emerging technologies.
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\1\https://www.imf.org/external/pubs/ft/fandd/2001/06/loungani.htm.
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In order for the U.S. to remain the global leader in the
deployment of critical emerging technologies like autonomous
vehicles, and the many other applications of artificial
intelligence, quantum computing, blockchain and distributed
ledger technologies, and advanced and new materials, it must
remove unnecessary barriers prohibiting the expanse of FDI from
trusted countries and economies. The U.S. must also promote
policies to ensure it remains the premier global destination to
invest, hire, innovate, provide services, and manufacture
products, including emerging technologies.
COMMITTEE ACTION
On March 4, 2025, the full Committee on Energy and Commerce
met in open markup session and ordered H.R. 1679, without
amendment, favorably reported to the House by a voice vote.
COMMITTEE VOTES
Clause 3(b) of rule XIII requires the Committee to list the
record votes on the motion to report legislation and amendments
thereto. There were no record votes taken in connection with
ordering H.R. 1679 reported.
OVERSIGHT FINDINGS AND RECOMMENDATIONS
Pursuant to clause 2(b)(1) of rule X and clause 3(c)(1) of
rule XIII, the Committee has not held hearings on this
legislation.
NEW BUDGET AUTHORITY, ENTITLEMENT AUTHORITY, AND TAX EXPENDITURES
Pursuant to clause 3(c)(2) of rule XIII, the Committee
finds that H.R. 1679 would result in no new or increased budget
authority, entitlement authority, or tax expenditures or
revenues.
CONGRESSIONAL BUDGET OFFICE ESTIMATE
Pursuant to clause 3(c)(3) of rule XIII, at the time this
report was filed, the cost estimate prepared by the Director of
the Congressional Budget Office pursuant to section 402 of the
Congressional Budget Act of 1974 was not available.
FEDERAL MANDATES STATEMENT
The Committee adopts as its own the estimate of Federal
mandates prepared by the Director of the Congressional Budget
Office pursuant to section 423 of the Unfunded Mandates Reform
Act.
STATEMENT OF GENERAL PERFORMANCE GOALS AND OBJECTIVES
Pursuant to clause 3(c)(4) of rule XIII, the general
performance goal or objective of this legislation is to
increase U.S. global competitiveness to attract foreign direct
investment from trusted countries and economies.
DUPLICATION OF FEDERAL PROGRAMS
Pursuant to clause 3(c)(5) of rule XIII, no provision of
H.R. 1679 is known to be duplicative of another Federal
program, including any program that was included in a report to
Congress pursuant to section 21 of Public Law 111-139 or the
most recent Catalog of Federal Domestic Assistance.
RELATED COMMITTEE AND SUBCOMMITTEE HEARINGS
Pursuant to clause 3(c)(6) of rule XIII, the following
hearings were used to develop or consider H.R. 1679:
(1) On October 14, 2021, the Subcommittee on Consumer
Protection and Commerce held a legislative hearing on
H.R. 2907.\2\ The hearing was entitled, ``Investing in
American Jobs: Legislation to Strengthen Manufacturing
and Competitiveness.''
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\2\The text of H.R. 1679 was introduced in substantially similar
form in the 118th Congress as H.R. 2907.
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(2) On February 1, 2023, the Subcommittee on
Innovation, Data, and Commerce held a hearing entitled
``Economic Danger Zone: How America Competes to Win the
Future Versus China.'' The Subcommittee received
testimony from:
Brandon Pugh, Policy Director and
Resident Senior Fellow, R Street Institute;
Jeff Farrah, Executive Director,
Autonomous Vehicle Industry Association (AVIA);
Samm Sacks, Cyber Policy Fellow,
International Security Program, New America;
and
Marc Jarsulic, Senior Fellow and
Chief Economist, Center for American Progress.
(3) On February 12, 2025, the Subcommittee on
Commerce, Manufacturing, and Trade held a hearing
entitled ``AI in Manufacturing: Securing American
Leadership in Manufacturing and the Next Generation of
Technologies.'' The Subcommittee received testimony
from:
Barbara Humpton, President and CEO,
Siemens Corporation;
Jason Oxman, President and CEO,
Information Technology Industry Council (ITI);
Jeff Kinder, Executive Vice
President, Product Development and
Manufacturing Solutions, Autodesk; and
Elisabeth B. Reynolds, Professor of
Practice, Massachusetts Institute of
Technology.
COMMITTEE COST ESTIMATE
Pursuant to clause 3(d)(1) of rule XIII, the Committee
adopts as its own the cost estimate prepared by the Director of
the Congressional Budget Office pursuant to section 402 of the
Congressional Budget Act of 1974. At the time this report was
filed, the estimate was not available.
EARMARK, LIMITED TAX BENEFITS, AND LIMITED TARIFF BENEFITS
Pursuant to clause 9(e), 9(f), and 9(g) of rule XXI, the
Committee finds that H.R. 1679 contains no earmarks, limited
tax benefits, or limited tariff benefits.
ADVISORY COMMITTEE STATEMENT
No advisory committees within the meaning of section 5(b)
of the Federal Advisory Committee Act were created by this
legislation.
APPLICABILITY TO LEGISLATIVE BRANCH
The Committee finds that the legislation does not relate to
the terms and conditions of employment or access to public
services or accommodations within the meaning of section
102(b)(3) of the Congressional Accountability Act.
SECTION-BY-SECTION ANALYSIS OF THE LEGISLATION
Section 1. Short title
Section 1 designates that the short title may be cited as
the ``Global Investment in American Jobs Act of 2025''.
Section. 2. Sense of Congress
Section 2 provides the Sense of Congress expressing the
importance of the ability of the U.S. to attract FDI from
responsible private-sector entities based in trusted countries,
the need to remove barriers prohibiting larger numbers of
inbound FDI, the need to promote policies that encourage
inbound FDI from responsible private-sector entities based in
trusted countries and economies and that ensure the U.S.
remains the global leader in developing and deploying emerging
technologies. The sense of Congress also expresses that FDI
should strengthen the U.S. security, improve the domestic
standard of living and U.S. jobs, and that any FDI by companies
or other entities owned, directed, supported, or influenced by
the Chinese Communist Party (CCP) is a threat to U.S. security
and merits an aggressive policy to protect U.S. interests,
jobs, intellectual property, and security.
Section. 3. Foreign direct investment review
Section 3 requires the Secretary of the Department of
Commerce and the Comptroller General of the United States, in
consultation with the Federal Interagency Investment Working
Group established pursuant to Executive Order 13577, and in
consultation with the heads of other relevant agencies, to
conduct an interagency review of the global competitiveness of
the U.S. in attracting FDI from responsible private-sector
entities based in foreign countries. The section requires the
review to include certain aspects including but not limited to,
the economic impact of FDI in the U.S.; Federal Government
policies that encourage the attraction and retention of FDI;
FDI as compared to direct investment by domestic entities; FDI
that takes the form of greenfield investments; specific
information on the efforts and the prevalence of investments
made with the backing of the CCP, especially investments
related to manufacturing, services, trade (with an emphasis on
digital trade), and jobs, and how such efforts result in the
displacement, offshoring, or outsourcing, including the impact
of such investments on supply chains; the adequacy of efforts
by the Federal Government to encourage and facilitate U.S.
inbound FDI; and other barriers to the ability of the U.S. to
compete globally in an increasingly digital economy.
Section 3 clarifies that the review may not address laws or
policies relating to the Committee on Foreign Investment in the
U.S.
Section 3 also requires the Secretary of Commerce to
provide an opportunity for public comment on the matters
covered by the review and subsequently provide a report to
Congress on the findings of the review, and provide
recommendations for increasing the global competitiveness of
the U.S. in attracting FDI from responsible private-sector
entities based in trusted countries.
Lastly, section 3 defines terms commonly used in the
legislation.
CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED
This legislation does not amend any existing Federal
statute.
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