House Approves Bill Requiring DOC Study on Attracting More Foreign Investment
The House of Representatives approved by a 379-32 vote Sept. 9 legislation (H.R. 2052) that directs the Department of Commerce to lead an interagency review of and report to Congress within a year on ways to increase the global competitiveness of the U.S. in attracting foreign direct investment. This report will identify barriers to FDI in the U.S. and highlight what changes can be made, both by Congress and the White House, to ensure that the U.S. succeeds in attracting global companies and jobs. Bill sponsor Rep. Lee Terry, R-Neb., states that the Global Investment in American Jobs Act of 2013 responds to an increasingly competitive global market in which the United States’ share of FDI dropped from 41% percent in 1999 to 17% in 2011.