CFIUSMCA Act

This bill directs the U.S. Trade Representative, during the next joint review of the United States-Mexico-Canada Agreement (USMCA), to push for each USMCA country to set up a system for reviewing foreign investments for national security risks similar to the U.S. system. It also directs the Trade Representative to push for a shared mechanism, overseen by the Trade Representative and the Secretaries of State and Treasury, for the three countries to share information and coordinate on investment threats in key sectors and critical infrastructure. The Trade Representative must coordinate with the Treasury and State Departments on technical assistance to these countries and consult with congressional committees. The bill lists sectors such as artificial intelligence, semiconductors, and space technologies as strategically important.

Full text and official record on Congress.gov

Sponsors

• Jodey C. Arrington Republican sponsor
• 4 cosponsors