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 to conduct an interagency review and report to Congress on ways to increase U.S. global competitiveness in attracting foreign direct investment (FDI). The review will focus on attracting FDI from responsible private-sector entities based in trusted countries. It also addresses barriers to investment and the impact of state-directed economies, especially those influenced by the Chinese Communist Party.
Expected Effects
This act aims to enhance the U.S. economy by attracting more foreign investment. The report to Congress will likely lead to policy recommendations designed to improve the investment climate and address specific challenges, such as competition from state-backed enterprises and protectionist policies of other countries. Ultimately, the goal is to strengthen U.S. competitiveness and security.
Potential Benefits 4/5
- Increased foreign direct investment can lead to economic growth and job creation.
- Promoting policies to attract investment in cutting-edge technologies can enhance U.S. innovation.
- Addressing barriers to digital trade and intellectual property infringement can benefit U.S. firms.
- Maintaining an open investment policy with trusted countries can encourage reciprocity and open new markets for U.S. companies.
- Strengthening supply chains and reducing dependence on China can improve U.S. security.
Potential Disadvantages
- The focus on "trusted countries" may lead to discriminatory practices and strained relations with other nations.
- Prioritizing foreign investment could potentially disadvantage domestic investors or companies.
- The emphasis on security interests might create barriers to legitimate foreign investment.
- Defining "responsible private-sector entity" and "trusted country" could be subject to political influence and create uncertainty.
- Overly aggressive policies towards China could lead to retaliatory measures and harm U.S. businesses.
Constitutional Alignment 4/5
The act appears to align with the Constitution's broad goals of promoting the general welfare (Preamble) and regulating commerce with foreign nations (Article I, Section 8). The emphasis on national security also falls under the purview of the federal government's responsibilities. However, the implementation of the act must ensure that it does not infringe upon individual liberties or discriminate against specific groups without due process (Amendments V and XIV).
Impact Assessment: Things You Care About
This action has been evaluated across 19 key areas that matter to citizens. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).