Bill orders study on attracting foreign investment from allied nations

What does this do?

This bill directs the Secretary of Commerce, with the Government Accountability Office and other agencies, to study how the U.S. can better compete for foreign investment from businesses in countries not considered foreign adversaries. The study covers investment trends, U.S. policy impacts, risks from state-controlled foreign companies (especially those tied to the Chinese Communist Party), barriers like data localization and IP theft, and strategies used by other countries and U.S. states. It does not cover the separate CFIUS national security screening process.

Who does it affect?

Federal agencies, especially the Department of Commerce, must conduct the review; Congress will receive the resulting report and recommendations.

Why does it matter?

The requirement means agencies must devote time and resources to research rather than immediate policy change; any effect on businesses, workers, or foreign companies would only follow later congressional action.

Where does it stand?