USCIB Urging Congression Action to Promote Inward Foreign Investment

USCIB joined with nine other leading business groups in a July 30 letter to the leadership of the House of Representatives strongly supporting quick floor approval for early adoption of HR 2052, the Global Investment in American Jobs Act.

USCIB has long been a leader in supporting both outward and inward foreign direct invest (FDI) as critical for American competitiveness, growth, and jobs in today’s globalized economy. The bill, which earned rare unanimous support of the House Energy and Commerce Committee on July 17, highlights the contributions which inward FDI makes to American prosperity and jobs, tasks the Secretary of Commerce to lead the first-ever comprehensive review of the competitiveness of the U.S. as a destination for international FDI, and to develop recommendations to enhance our national investment competitiveness in this key area.

While the United States remains the world’s leading recipient of FDI, our global share of such investment has dropped significantly since the turn of the 21st century, from 41 percent in 1999 to just over 17 percent in 2011. So we as a nation certainly have some work to do to keep ahead in this increasingly competitive global environment. This important piece of investment legislation can be a first step.

Staff contact: Shaun Donnelly

More on USCIB’s Trade and Investment Committee

Staff Contact:   Shaun Donnelly

VP, Investment and Financial Services
Tel: 202.682.1221

Shaun Donnelly oversees USCIB’s work on foreign investment policy, treatment of multinational enterprises, financial services and anti-corruption. A career diplomat who has held several senior executive branch posts and joined USCIB in 2011, Donnelly leads business efforts to open markets abroad for American investment and financial services, and to promote high standards of protection for cross-border investment, both in the United States and overseas.
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