119th (2025–2027)
H.R. 9284
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.