[Federal Register Volume 87, Number 71 (Wednesday, April 13, 2022)]
[Notices]
[Pages 21870-21871]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-07837]


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DEPARTMENT OF COMMERCE

International Trade Administration


United States Investment Advisory Council; Charter Renewal

AGENCY: SelectUSA, International Trade Administration, Global Markets, 
U.S. Department of Commerce.

ACTION: Notice of renewal of the United States Investment Advisory 
Council.

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SUMMARY: On April 6, 2022, the Department of Commerce Acting Chief 
Financial Officer and Assistant Secretary for Administration renewed 
the charter for the United States Investment Advisory Council 
(Council). The Council is a federal advisory committee pursuant to the 
Federal Advisory Committee Act.

DATES: The Council charter was renewed April 6, 2022 on and will expire 
on April 6, 2024.

ADDRESSES: Please contact [email protected] with any questions.

FOR FURTHER INFORMATION CONTACT: Rachel David, SelectUSA, U.S. 
Department of Commerce; telephone: (202) 302-6858; email: 
[email protected].

SUPPLEMENTARY INFORMATION: The United States Investment Advisory 
Council (Council) was established by the Secretary of Commerce 
(Secretary) pursuant to duties imposed by 15 U.S.C. 1512 upon the 
Department and in compliance with the Federal Advisory Committee Act, 
as amended (FACA), 5 U.S.C. App.
    The Council functions solely as an advisory committee in accordance 
with the provisions of FACA. In particular, the Council advises the 
Secretary on government policies and programs that affect businesses 
engaging in foreign direct investment (FDI), the expansion of domestic 
operations, or the transferring of operations to the United States from 
overseas. The Council identifies and recommends programs and policies 
to help the United States attract and retain business investment and 
recommends ways to support the United States in remaining the world's 
preeminent investment destination. The Council acts as a liaison among 
the stakeholders represented by the membership and provides a forum for 
the stakeholders to provide feedback on current and emerging issues 
regarding FDI and business expansion.

[[Page 21871]]

    The Council reports to the Secretary of Commerce on its activities 
and recommendations regarding FDI and business investment. In creating 
its reports, the Council is to survey and evaluate the investment and 
investment-facilitating activities of stakeholders, identify and 
examine specific problems facing potential business investors, and 
examine the needs of stakeholders to inform the Council's efforts. The 
Council is to recommend specific solutions to the problems and needs 
that it identifies.
    Each member is to be appointed for a term of two years and serves 
at the pleasure of the Secretary. The Secretary may at his/her 
discretion reappoint any member to an additional term or terms, 
provided that the member proves to work effectively on the Council and 
his/her knowledge and advice is still needed.
    The Council consists of no more than forty (40) members appointed 
by the Secretary. Members are to represent companies and organizations 
investing, seeking to invest, seeking foreign investors, or 
facilitating investment across many sectors, including but not limited 
to:
     U.S.-incorporated companies that are majority-owned by 
foreign companies or by a foreign individual or individuals, or that 
generate significant foreign direct investment (e.g., through their 
supply chains);
     Companies or entities whose business includes FDI-related 
activities or the facilitation of FDI; and
     U.S. incorporated companies, regardless of ownership, that 
are considering expanding their operations in the United States or 
transferring to the United States operations that are currently being 
conducted overseas;
     Economic development organizations and other U.S. 
governmental and non-governmental organizations and associations whose 
missions or activities include the promotion or facilitation of 
business investment and/or FDI.
    All members must be a U.S. citizen or permanent resident. Members 
shall be selected based on their ability to carry out the objectives of 
the Council, in accordance with applicable Department of Commerce 
guidelines, in a manner that ensures that the Council is balanced in 
terms of points of view, industry sector or subsector, and 
organizational type. Members shall also represent a broad range of 
products and services and shall be drawn from large, medium, and small 
enterprises, private-sector organizations that have invested or are 
considering investing in the United States, and other investment-
related entities, including non-governmental organizations, 
associations, and economic development organizations.
    For members selected on the basis of their involvement in FDI and 
FDI-related activities, the Council should also be balanced in terms of 
the geographic sources and destinations of the FDI and the volume and 
nature of FDI involved. For members selected on the basis of their 
interest in expanding their operations in, or transferring operations 
to the United States, the Council should also be balanced in terms of 
the size and nature of the operations under consideration for expansion 
or transfer.
    In selecting members, priority may be given to the selection of 
executives, i.e., Chief Executive Officer, Executive Chairperson, 
President, or an officer with a comparable level of responsibility.
    Members serve in a representative capacity, representing the views 
and interests of their sponsoring entity and those of their particular 
sector (if applicable), and they are, therefore, not Special Government 
Employees. Members will receive no compensation for their participation 
and will not be reimbursed for travel expenses related to Council 
activities. Appointments to the Council shall be made without regard to 
political affiliation. All members must be a U.S. national.
    The Secretary designates a Chair and Vice Chair from among the 
members. The Council will meet a minimum of two times a year, to the 
extent practical, with additional meetings called at the discretion of 
the Secretary or his/her designee. Meetings will be held in Washington, 
DC or elsewhere in the United States, or by teleconference, as 
feasible. Members are expected to attend a majority of Council 
meetings.

    Note: A request for applications was posted in a Federal 
Register Notice on May 7, 2021 (86 FR 26696). If you applied in 
response to that notice, you application remains valid and is in the 
review process.


William Burwell,
Deputy Executive Director SelectUSA.
[FR Doc. 2022-07837 Filed 4-12-22; 8:45 am]
BILLING CODE 3510-DR-P