Global Investment in American Jobs Act of 2021
The source supplies the latest action, but no lifecycle stage.
Latest action (3 May 2021): Referred to the Subcommittee on Consumer Protection and Commerce.
What this bill does
H.R. 2907, the Global Investment in American Jobs Act of 2021, would require the Department of Commerce to conduct a comprehensive review. This review would assess the United States' global competitiveness in attracting foreign investment, particularly in advanced technology sectors. It would also examine foreign trade barriers that U.S. firms face in the global digital economy.
The review would analyze the economic impact of foreign investment in the U.S., global investment and data flow trends, and federal policies related to attracting and retaining foreign investment. The bill aims to identify ways to make it easier for foreign firms to invest in the United States. The Secretary of Commerce would then report these findings and recommendations to Congress.
This bill was introduced in the House of Representatives in April 2021 and referred to the Committee on Energy and Commerce. It is currently in the early stages of the legislative process. The next step would be for the committee to consider the bill.
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 2021
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
3 May 2021
Referred to the Subcommittee on Consumer Protection and Commerce.
Common questions
- What does H.R. 2907 do?
- H.R. 2907, the Global Investment in American Jobs Act of 2021, would require the Department of Commerce to conduct a comprehensive review. This review would assess the United States' global competitiveness in attracting foreign investment, particularly in advanced technology sectors. It would also examine foreign trade barriers that U.S. firms face in the global digital economy. The review would analyze the economic impact of foreign investment in the U.S., global investment and data flow trends, and federal policies related to attracting and retaining foreign investment. The bill aims to identify ways to make it easier for foreign firms to invest in the United States. The Secretary of Commerce would then report these findings and recommendations to Congress. This bill was introduced in the House of Representatives in April 2021 and referred to the Committee on Energy and Commerce. It is currently in the early stages of the legislative process. The next step would be for the committee to consider the bill.
- Has H.R. 2907 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 2907. Check the latest action and official source below.
- Who sponsored H.R. 2907?
- H.R. 2907 was sponsored by Rep. Pence, Greg [R-IN-6] (R-IN), with 12 cosponsors.
- What's the latest action on H.R. 2907?
- Referred to the Subcommittee on Consumer Protection and Commerce. (3 May 2021).
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