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118th Congress > House > Vote 329

Date: July 17, 2023

Result: 386-22 (Passed)

Clerk session vote number: 330

Sponsor: PENCE, Gregory (R-IN)

Bill number: HR813

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Global Investment in American Jobs Act

Bill summary:

Global Investment in American Jobs Act of 2023

This bill requires the Department of Commerce to conduct an interagency review of the global competitiveness of the United States in attracting foreign direct investment from responsible private-sector entities based in trusted countries and addressing foreign trade barriers that firms in advanced technology sectors face in the global digital economy.

Among other elements, the review shall include an assessment of (1) the economic impact of foreign direct investment in the United States, (2) trends in global cross-border investment and data flows, (3) federal government policies that facilitate foreign direct investment, and (4) the adequacy of federal government efforts to encourage and facilitate foreign direct investment in the United States.

Commerce must report the findings of such review to Congress and the Government Accountability Office (GAO) and include recommendations for increasing the global competitiveness of the United States in attracting foreign direct investment. The GAO must submit a review and assessment of the report to Congress.

Bill titles: 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.

Links for more info on the vote: congress.gov

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