To establish the Foreign Investment Review Authority to determine whether foreign countries that have made investment commitments to the United States have complied with those commitments, and for other purposes.
About This Bill
Committee
Latest Action · June 11, 2026
Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill creates a Foreign Investment Review Authority to monitor and track foreign investment commitments made to the United States, with specific focus on designated countries including China, Japan ($550 billion), South Korea ($350 billion), and Taiwan ($500 billion), whose commitments are automatically recognized when the bill takes effect. The FIRA will maintain a public website identifying all covered investments, the investing parties, amounts, and potential conflicts of interest to ensure transparency. The bill grants FIRA enforcement powers to require investors to renegotiate investment terms through mediation or to suspend and prohibit investments that fail to meet qualified standards. To maintain oversight and accountability, FIRA must submit annual unclassified reports to Congress on reviewed investments and trends, publish semiannual public reports on job creation and supply chain origins, and have its Chief Ethics Officer issue quarterly public reports on complaints and resolutions.
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