Joining with five other leading business groups, USCIB has urged the U.S. Senate to move expeditiously to adopt the “Global Investment in American Jobs” bill (S. 3274) sponsored by Senators John Kerry (D.-Mass.) and Bob Corker (R.-Tenn.). Companion legislation passed the House unanimously in mid-September.
In a letter sent today to every member of the Senate, USCIB and the business groups underlined the importance of strong legislation to improve America’s ability to attract job-creating foreign direct investment (FDI) in today’s competitive global environment.
Noting that U.S subsidiaries of foreign headquartered companies already employ more than five million Americans across the country and are major exporters, we urged the Senate to pass this broadly supported bipartisan legislation without delay. Doing so, the letter states, would send a clear signal to the world that the United States welcomes FDI, and is prepared to identify and resolve barriers that may impede our ability to attract much-needed global investment.