Global Investment in American Jobs Act of 2023

HR 813, the Global Investment in American Jobs Act of 2023, requires the Secretary of Commerce to conduct a comprehensive review of U.S. competitiveness in attracting foreign business investments from "trusted countries" (those not deemed adversaries by the U.S.). The review will examine economic impacts, barriers like data localization and intellectual property issues, and address concerns about investments linked to the Chinese Communist Party, while focusing on sectors like technology and manufacturing. This procedural bill does not create new laws but mandates a report to Congress within one year, detailing findings and recommendations to improve the U.S. investment climate. It directly affects U.S. economic competitiveness, foreign investors from allied nations, and policies governing international business engagement. The review explicitly excludes matters handled by the Committee on Foreign Investment in the United States.