[Federal Register Volume 89, Number 26 (Wednesday, February 7, 2024)]
[Notices]
[Pages 8405-8407]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02461]


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DEPARTMENT OF COMMERCE

International Trade Administration


United States Investment Advisory Council

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

ACTION: Notice of an opportunity to apply for membership on the United 
States Investment Advisory Council.

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SUMMARY: The Department of Commerce is currently seeking applications 
for membership on the United States Investment Advisory Council. The 
purpose of the Council is to advise the Secretary of Commerce on 
strategies to attract and retain foreign direct investment to the 
United States.

DATES: Applications for immediate consideration for membership must be 
received by the Office of SelectUSA by 5 p.m. eastern daylight time 
(EDT) on Wednesday, March 20, 2024. Applications received after this 
date may be considered by SelectUSA as appropriate and when vacancies 
become available.

ADDRESSES: Please submit application information by email to 
[email protected].

FOR FURTHER INFORMATION CONTACT: Claire Pillsbury, SelectUSA, U.S. 
Department of Commerce; telephone: (202) 578-8239; email: 
[email protected].

SUPPLEMENTARY INFORMATION: The United States Investment Advisory 
Council (IAC) is established in accordance with the provisions of the 
Federal Advisory Committee Act, as amended, 5 U.S.C. 1001 et seq., to 
advise the Secretary of Commerce (Secretary) on matters relating to the 
promotion and retention of foreign direct investment in the United 
States (FDI).
    SelectUSA is accepting applications for membership on the IAC for a 
two-year term. The IAC functions solely as an advisory committee. The 
IAC shall advise the Secretary on U.S. government policies and programs 
that affect FDI; identify and recommend programs and policies to help 
the United States attract and retain FDI; and recommend ways to support 
the position of the United States as the world's preeminent destination 
for FDI. The IAC shall report to the Secretary on its activities and 
recommendations regarding FDI. In creating its reports, the IAC should 
survey and evaluate the investment and investment-facilitating 
activities of stakeholders, should identify and examine specific 
problems facing potential foreign investors, and should examine the 
needs of stakeholders to inform the IAC's efforts. The IAC should 
recommend specific solutions to the problems and needs that it 
identifies.
    The IAC shall consist of no more than forty members appointed by 
the Secretary. Members shall 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); U.S. companies or entities whose business includes FDI-related 
activities or the facilitation of FDI; 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; and Economic 
development organizations and other U.S. governmental and non-
governmental organizations and associations whose missions or 
activities include the promotion or facilitation of FDI.
    Members shall be selected based on their ability to carry out the 
objectives of the IAC, in accordance with applicable Department of 
Commerce guidelines, in a manner that ensures that the IAC is balanced 
in terms of points of view, industry subsector, organization type, 
geography of the source and the destination of the FDI, and company 
size. Members shall also represent a broad range of products and 
services and shall be drawn from large, medium, and small enterprises, 
private-sector organizations involved in investment, and other 
investment-related entities including non-governmental organizations, 
associations, and economic development organizations. The diverse 
membership of the IAC assures perspectives reflecting the breadth of 
the IAC's responsibilities, and, where possible, the Department of 
Commerce will also consider the ethnic, racial, and gender diversity 
and various abilities of the United States population.
    Priority may be given to executives (Chief Executive Officer, 
Executive Chairman, President, or comparable level of responsibility).
    Members shall serve in a representative capacity, representing the 
views and interests of their sponsoring entity and its particular 
sector (if applicable). Members are not special government employees 
and will receive no compensation for their participation in IAC 
activities. Members will not be reimbursed for travel expenses related 
to IAC activities. Appointments to the IAC shall be made without regard 
to political affiliation. Because the IAC will advise the Secretary on 
U.S. international competitiveness in attracting and retaining FDI, 
each member must be a U.S. citizen or permanent resident.
    Each member shall be appointed for a term of two years and will 
serve 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 IAC and that 
his/her knowledge and advice is still needed. The IAC will meet a 
minimum of two times a year with, to the extent practical, 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 IAC meetings.
    To be considered for membership, submit the following information 
by 5:00 p.m. EDT on March 20, 2024, to the email address listed in the 
ADDRESSES section:
    1. Name and title of the individual requesting consideration.
    2. A sponsor letter from the applicant on the sponsoring entity's 
letterhead containing a brief statement of why the applicant should be 
considered for membership on the IAC. This sponsor letter should also 
address the applicant's experience and leadership related to foreign 
direct investment.
    3. The applicant's personal resume and short bio (less than 300 
words).
    4. An affirmative statement that the applicant meets all 
eligibility criteria, including an affirmative statement that the 
applicant is not required to register as a foreign agent under the 
Foreign Agents Registration Act of 1938, as amended.
    5. Information regarding the ownership and control of the 
sponsoring entity, including the stock holdings as appropriate.
    6. The sponsoring entity's size, place of incorporation, product or 
service line, major markets in which the entity operates, and the 
entity's export or import experience.
    7. A profile of the entity's foreign direct investment activities, 
including investment activities, investment plans, investment-
facilitation activities, or other foreign direct investment activities.
    8. Brief statement describing how the applicant will contribute to 
the work of the IAC based on his or her unique experience and 
perspective (not to exceed 100 words).
    9. All relevant contact information, including mailing address, 
fax, email, phone number, and support staff information where relevant.

Public Burden Statement

    A Federal agency may not conduct or sponsor, and a person is not 
required to respond to, nor shall a person be subject to a penalty for 
failure to comply with an information collection subject to the 
requirements of the Paperwork

[[Page 8407]]

Reduction Act of 1995 unless the information collection has a currently 
valid OMB Control Number. The approved OMB Control Number for this 
information collection is 0690-0038. Without this approval, we could 
not conduct this information collection. Public reporting for this 
information collection is estimated to be approximately 2 hours per 
response, including the time for reviewing instructions, searching 
existing data sources, gathering and maintaining the data needed, and 
completing and reviewing the information collection. All responses to 
this information collection are voluntary. Send comments regarding this 
burden estimate or any other aspect of this information collection, 
including suggestions for reducing this burden to the International 
Trade Administration Paperwork Reduction Act Program: [email protected] or 
to Katelynn Byers, ITA PRA Process Administrator: 
[email protected].

Jasjit Kalra,
Executive Director, SelectUSA.
[FR Doc. 2024-02461 Filed 2-6-24; 8:45 am]
BILLING CODE 3510-DR-P