[Federal Register Volume 89, Number 72 (Friday, April 12, 2024)]
[Notices]
[Pages 25863-25864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07780]
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DEPARTMENT OF COMMERCE
International Trade Administration
United States Investment Advisory Council Charter Renewal
AGENCY: SelectUSA, International Trade Administration, Global Markets,
Department of Commerce.
ACTION: Notice.
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SUMMARY: The United States Investment Advisory Council (IAC). is
renewed for an additional two-year period, as a necessary committee
that is in the public interest.
DATES: The IAC charter was renewed on April 2, 2024 and is valid until
April 2, 2026.
FOR FURTHER INFORMATION CONTACT: Claire Pillsbury, Designated Federal
Officer, SelectUSA, U.S. Department of Commerce; telephone: (202) 578-
8239; email: [email protected].
[[Page 25864]]
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
(FACA), as amended, 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 IAC 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.
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, identifies and
examines specific problems facing potential business investors and
examines 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 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 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 IAC 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 IAC 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 Chairman,
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.
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 February 7, 2024. If you applied in response to
that notice, your application remains valid and is in the review
process.
Jasjit Kalra,
Executive Director, SelectUSA.
[FR Doc. 2024-07780 Filed 4-11-24; 8:45 am]
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