Global Investment in American Jobs Act of 2013

3/14/2024, 12:48 PM

(This measure has not been amended since it was passed by the House on September 9, 2013. The summary of that version is repeated here.)

Global Investment in American Jobs Act of 2013 - Expresses the sense of Congress that: (1) U.S. ability to attract foreign direct investment is directly linked to U.S. long-term economic prosperity, global competitiveness, and security; (2) it is a top national priority to enhance U.S. global competitiveness, prosperity, and security by removing unnecessary barriers to foreign direct investment and the U.S. jobs it creates and promoting policies to ensure the United States remains the premier global destination in which to invest, hire, innovate, and manufacture products; (3) maintaining the U.S. commitment to open investment policy encourages other countries to reciprocate and enables the United States to open new markets abroad for U.S. companies and their products; (4) U.S. policies regarding foreign direct investment should reflect national security interests and should not disadvantage domestic investors or companies; and (5) U.S. efforts to attract foreign direct investment should be consistent with efforts to maintain and improve the U.S. standard of living.

Directs the Secretary of Commerce, in coordination with the Federal Interagency Investment Working Group and the heads of other relevant federal agencies, to conduct an interagency review of the U.S. global competitiveness in attracting foreign direct investment and report to Congress recommendations for increasing that U.S. global competitiveness without weakening labor, consumer, financial, or environmental protections.

Congress
113

Number
HR - 2052

Introduced on
2013-05-20

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

9/10/2014

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

(This measure has not been amended since it was passed by the House on September 9, 2013. The summary of that version is repeated here.)

Global Investment in American Jobs Act of 2013 - Expresses the sense of Congress that: (1) U.S. ability to attract foreign direct investment is directly linked to U.S. long-term economic prosperity, global competitiveness, and security; (2) it is a top national priority to enhance U.S. global competitiveness, prosperity, and security by removing unnecessary barriers to foreign direct investment and the U.S. jobs it creates and promoting policies to ensure the United States remains the premier global destination in which to invest, hire, innovate, and manufacture products; (3) maintaining the U.S. commitment to open investment policy encourages other countries to reciprocate and enables the United States to open new markets abroad for U.S. companies and their products; (4) U.S. policies regarding foreign direct investment should reflect national security interests and should not disadvantage domestic investors or companies; and (5) U.S. efforts to attract foreign direct investment should be consistent with efforts to maintain and improve the U.S. standard of living.

Directs the Secretary of Commerce, in coordination with the Federal Interagency Investment Working Group and the heads of other relevant federal agencies, to conduct an interagency review of the U.S. global competitiveness in attracting foreign direct investment and report to Congress recommendations for increasing that U.S. global competitiveness without weakening labor, consumer, financial, or environmental protections.

Alternative Names
Official Title as IntroducedTo 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.

Policy Areas
Foreign Trade and International Finance

Potential Impact
Competitiveness, trade promotion, trade deficits•
Congressional oversight•
Economic performance and conditions•
Employee hiring•
Government studies and investigations•
Manufacturing•
Research and development•
U.S. and foreign investments

Comments

Recent Activity

Latest Summary10/21/2014

(This measure has not been amended since it was passed by the House on September 9, 2013. The summary of that version is repeated here.)

Global Investment in American Jobs Act of 2013 - Expresses the sense of Congress that: (1) U.S....


Latest Action9/10/2014
Placed on Senate Legislative Calendar under General Orders. Calendar No. 557.