[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]
BILLING CODE 3510-DR-P