Sec. 3. Sense of Congress

378 words·~2 min read·/bill/119/s/2563/is/section-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

It is the sense of Congress that— the ability of the United States to attract foreign direct investment from responsible private sector entities based in trusted countries is directly linked to the long-term economic prosperity, global competitiveness, and security of the United States; it is a top national priority to enhance the global competitiveness, economic prosperity, and security of the United States by— removing unnecessary barriers to foreign direct investment from responsible private sector entities based in trusted countries and the jobs that such investment creates throughout the United States; promoting policies to ensure the United States remains the premier global destination to invest, hire, innovate, provide services, and manufacture products; promoting policies to ensure the United States remains the global leader in developing and deploying cutting-edge technologies, such as self-driving vehicle technology, artificial intelligence, Internet of Things, quantum computing, and blockchain; and promoting policies that maintain and expand resilient supply chains and reduce the dependence of the United States on supply chains from China; maintaining the United States commitment to an open investment policy with private sector entities based in trusted countries encourages other countries to reciprocate and enables the United States to open new markets abroad for United States companies and their products; while foreign direct investment by responsible private sector entities based in trusted countries can enhance the economic strength of the United States, policies regarding foreign direct investment should reflect security interests and should not disadvantage domestic investors or companies; the efforts of the United States to attract foreign direct investment from responsible private sector entities based in trusted countries should be consistent with efforts to maintain and improve the domestic standard of living; as digital information becomes increasingly important to the economy of the United States and the development of new technologies and services that will be crucial to the competitiveness of the United States in the 21st century global economy, barriers, including data localization and infringement of intellectual property rights, must be further addressed; and foreign direct investment by companies or other entities owned, directed, supported, or influenced by the Chinese Communist Party is a threat to the security of the United States and merits an aggressive policy framework to protect the interests, jobs, intellectual property, and security of the United States.