The Securing Partner Supply Chains Act directs the U.S. Secretary of State to create a new Initiative on Foreign Investment Screening within 180 days of the bill's passage. This initiative will help allied and partner countries develop better systems to screen foreign investments for national security threats, recognizing that many nations lack robust safeguards to protect critical infrastructure, sensitive technology, and supply chains from potentially harmful foreign influence. The program will provide technical assistance, training, and advisory services to partner countries while facilitating coordination among U.S. agencies, the private sector, and foreign governments to establish investment security standards. The initiative will operate for three years and is led by the Under Secretary for Economic Growth, Energy, and the Environment. The Secretary of State must submit annual reports to Congress detailing the assistance provided, progress made by partner countries, emerging investment risks, and recommendations for future engagement.
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