H.R.1679 - Global Investment in American Jobs Act of 2025 (119th Congress)
Summary
H.R. 1679, the Global Investment in American Jobs Act of 2025, directs the Secretary of Commerce, in coordination with other federal agencies, to conduct an interagency review and report to Congress on ways to increase the global competitiveness of the United States in attracting foreign direct investment (FDI). The bill emphasizes attracting FDI from responsible private-sector entities based in trusted countries. It also addresses concerns about investment from entities influenced by the Chinese Communist Party.
Expected Effects
The likely effect of this bill, if enacted, is a comprehensive review of U.S. policies related to foreign direct investment. This review could lead to new policies aimed at attracting more FDI from trusted countries and mitigating risks associated with investment from state-directed economies, particularly China. The report to Congress will likely inform future legislative and executive actions related to FDI.
Potential Benefits
- Increased foreign direct investment from trusted countries, potentially leading to economic growth and job creation.
- Enhanced global competitiveness of the United States in attracting investment.
- Identification and removal of barriers to FDI, making the U.S. a more attractive destination for foreign businesses.
- Promotion of policies that support innovation and the development of cutting-edge technologies.
- Strengthening of resilient supply chains and reduction of dependence on supply chains from China.
Potential Disadvantages
- The definition of "trusted country" is left to the Secretary of Commerce, potentially leading to arbitrary or politically motivated decisions.
- The focus on attracting FDI from specific countries could lead to trade tensions or retaliatory measures from other nations.
- The emphasis on security interests could create barriers to legitimate investment opportunities.
- The review process could be time-consuming and costly, with no guarantee of tangible results.
- Overly restrictive policies could deter foreign investment, harming the U.S. economy.
Constitutional Alignment
The bill appears to align with the Constitution's broad goals of promoting the general welfare and providing for the common defense (Preamble). Congress has the power to regulate commerce with foreign nations (Article I, Section 8, Clause 3). The bill does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).