Global Investment in American Jobs Act of 2020
The source supplies the latest action, but no lifecycle stage.
Latest action (23 Jul 2020): Referred to the House Committee on Energy and Commerce.
What this bill does
This bill, the Global Investment in American Jobs Act of 2020, would direct the Department of Commerce to conduct a comprehensive review. This review would examine the United States' ability to attract foreign direct investment and assess trade barriers faced by American technology firms. The review would also consider current policies, global investment trends, and efforts to make the U.S. a more attractive place for foreign companies to invest.
The Secretary of Commerce, in coordination with other federal agencies, would lead this review. Upon completion, the Department of Commerce must report its findings to Congress and offer recommendations on how to increase the global competitiveness of the United States in attracting foreign investment and developing new technologies. This review would not cover laws related to the Committee on Foreign Investment in the United States.
The bill was introduced in the House of Representatives in July 2020 and referred to the Committee on Energy and Commerce. It has not advanced beyond this stage.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Global Investment in American Jobs Act of 2020
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 and addressing foreign trade barriers that firms in advanced technology sectors face in the global digital economy.
Such review shall include an assessment of (1) the current 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 are linked to the ability of the United States to attract and retain foreign direct investment, and (4) the adequacy of federal government efforts to increase the ease for foreign firms considering investment in the United States.
Commerce must report the findings of such review and submit recommendations for increasing the global competitiveness of the United States in attracting foreign direct investment and developing new technologies and services.
Timeline
23 Jul 2020
Referred to the House Committee on Energy and Commerce.
Common questions
- What does H.R. 7753 do?
- This bill, the Global Investment in American Jobs Act of 2020, would direct the Department of Commerce to conduct a comprehensive review. This review would examine the United States' ability to attract foreign direct investment and assess trade barriers faced by American technology firms. The review would also consider current policies, global investment trends, and efforts to make the U.S. a more attractive place for foreign companies to invest. The Secretary of Commerce, in coordination with other federal agencies, would lead this review. Upon completion, the Department of Commerce must report its findings to Congress and offer recommendations on how to increase the global competitiveness of the United States in attracting foreign investment and developing new technologies. This review would not cover laws related to the Committee on Foreign Investment in the United States. The bill was introduced in the House of Representatives in July 2020 and referred to the Committee on Energy and Commerce. It has not advanced beyond this stage.
- Has H.R. 7753 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 7753. Check the latest action and official source below.
- Who sponsored H.R. 7753?
- H.R. 7753 was sponsored by Rep. McMorris Rodgers, Cathy [R-WA-5] (R-WA), with 6 cosponsors.
- What's the latest action on H.R. 7753?
- Referred to the House Committee on Energy and Commerce. (23 Jul 2020).
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