Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act

This bill would create a new federal agency, the Foreign Investment Review Authority (FIRA), to track whether foreign countries keep promises to invest in the United States made through trade deals, in response to tariffs, or after talks with the executive branch. It would list initial commitments by China, Japan ($550 billion), South Korea ($350 billion), and Taiwan ($500 billion). Investors would have to notify FIRA, file ownership details and signed statements, and face fines of up to 10 percent of the investment's value for failing to do so. FIRA would decide whether each investment counts toward a commitment based on ethics rules and set economic standards, such as creating jobs with set pay and benefits. If a country falls short after 4 years, the President would have to negotiate with that country over the gap.

Full text and official record on Congress.gov

Sponsors

• Ro Khanna Democrat sponsor
• 3 cosponsors