Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act

This bill would create a federal agency called the Foreign Investment Review Authority (FIRA) to track whether foreign countries that promised to invest in the United States, such as through trade deals or in response to tariffs, have kept those promises. It lists starting commitments from Japan ($550 billion), South Korea ($350 billion), Taiwan ($500 billion), and China. Investors would have to notify FIRA of investments, disclose owners and other parties, and attest whether the investment meets job, wage, and economic standards; fines could reach 10 percent of the investment's value. FIRA would decide which investments count toward a country's commitment, could suspend or prohibit investments that do not qualify, and would publish its findings online. 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

• Tammy Baldwin Democrat sponsor
• 0 cosponsors