WASHINGTON – Today, the U.S. Senate Committee on Commerce, Science, and Transportation advanced the Global Investment in American Jobs Act, a bill led by U.S. Senators Todd Young (R-Ind.) and Gary Peters (D-Mich.) to increase America’s global competitiveness and ensure our nation continues to be the most attractive destination for international companies to invest.
“An important component of maintaining American leadership in the research, development, and deployment of emerging technologies like artificial intelligence, biotechnologies, and quantum computing involves removing barriers that inhibit foreign direct investment from trusted countries into the United States,” said Senator Young.
“I’m glad to see this important legislation advance out of the Commerce Committee, and it is now time to bring this bill to the Senate floor.” For decades, foreign direct investment in America has strengthened our nation’s economy by bringing more good paying jobs to our communities, boosting domestic research and development, and exporting more American-made goods. However, in the face of heightened competition from other countries, America must remain intentional about attracting international investment.
The Global Investment in American Jobs Act would support this effort by directing the Secretary of Commerce to conduct a government-wide review of ways to increase America’s global competitiveness in attracting foreign direct investment and report the findings to Congress. Full legislative text can be found here. The Committee also advanced the ROTOR Act and PIPELINE Safety Act of 2025, both of which Senator Young cosponsored.