Proposed Foreign Investment Review and Oversight Board Act

The Frame

What this does

If enacted, this proposal would create a new federal regulatory body with the authority to review, approve, or block billions of dollars in foreign investments based on their impact on U.S. jobs, wages, and ethics compliance.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Foreign investors

They must comply with new notification, disclosure, and labor standard requirements to have their investments approved.

U.S. workers

They are affected by new standards for 'quality jobs' that must be met for an investment to be considered qualified.

Federal agencies

The Departments of Commerce, Labor, and Justice must designate representatives to serve on the FIRA board.

What changed

Last recorded activity June 24, 2026.

What's next

Next step not available in the current record.

Summary

This amendment proposes the creation of a new federal agency, the Foreign Investment Review Authority (FIRA), to monitor and approve large-scale foreign investments in the United States. The agency would track whether these investments meet specific economic and labor standards, such as job creation and wage requirements, and would have the power to prohibit investments that fail to meet these criteria.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the purpose of the Foreign Investment Review Authority (FIRA)?

FIRA is proposed to identify, review, and monitor foreign investments to ensure they provide a to the U.S. and comply with labor and ethics standards.

Can FIRA block a foreign investment?

Yes, the proposal grants FIRA the authority to suspend or prohibit any covered investment that it determines is not a '.'

What happens if a foreign country fails to meet its investment commitment?

If the commitment is not met within four years, the President is required to enter into negotiations with that country to address the deficit.

Why It Matters

If enacted, this proposal would create a new federal regulatory body with the authority to review, approve, or block billions of dollars in foreign investments based on their impact on U.S. jobs, wages, and ethics compliance.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Related Legislation

hearing_transcript

Congressional Hearing on Uyghur Forced Labor Prevention Act Implementation

This document is a transcript of a Congressional-Executive Commission on China hearing held on April 18, 2023. Lawmakers and expert witnesses discusse

congressional_record

Senate Scheduling Update for S. 4784

The Senate has agreed to delay the vote on a cloture motion for S. 4784 until after the confirmation vote for the Schwartz nomination. This procedural

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Shift toward conditional foreign investment

The proposal marks a shift from traditional investment review toward a model where foreign investment is explicitly conditioned on meeting domestic labor and wage standards.

Foreign Investment Review Authority

Connected Entities

personMs. Baldwin“U.S. Senator who submitted the amendment.”Map →

locationJapan“Identified as having a $550 billion investment commitment.”Map →

locationTaiwan“Identified as having a $500 billion investment commitment.”Map →

locationSouth Korea“Identified as having a $350 billion investment commitment.”Map →

organizationForeign Investment Review Authority“Proposed new federal agency to oversee foreign investments.”Map →

locationPeople's Republic of China“Identified as a source of existing foreign investment commitments.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance90
How much this matters to a regular citizen
Controversy60
Intensity of disagreement among stakeholders
Entertainment20
Compellingness for a non-policy-wonk reader
Buzz40
Current news / social attention level