Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act
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.
Summary
The bill establishes the Foreign Investment Review Authority (FIRA) to check whether foreign governments are honoring investment promises tied to trade deals, tariffs or other negotiations. It defines what counts as a covered commitment and sets standards for jobs and economic benefits. The authority is overseen by a bipartisan board, an ethics office, and a public oversight board.
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