The Consistency in Foreign Investment in the United States-Mexico-Canada Agreement Act directs the U.S. Trade Representative to push Canada and Mexico to adopt foreign investment review frameworks similar to the U.S. system during the next official review of the USMCA trade agreement. The bill seeks to establish a coordinated mechanism among the three countries to identify and address foreign investments that pose national security risks, particularly in sensitive sectors like artificial intelligence, semiconductors, biotechnology, and critical infrastructure. The legislation affects trade policy and national security oversight, requiring coordination among the Trade Representative, Secretary of State, and Secretary of the Treasury, and mandates technical assistance to help Canada and Mexico build comparable investment screening systems. There is no specific funding authorization or implementation timeline mentioned beyond requiring action during the next joint USMCA review.
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