Ro Khanna (D-CA)
Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act
A Democratic bill with 3 Democratic cosponsors · See all 3 cosponsors
Last activity — Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill establishes the Foreign Investment Review Authority (FIRA) to monitor whether foreign countries fulfill their investment commitments to the United States. The legislation creates a board of directors to review investments and determine if they qualify as "qualified investments" based on specific economic and ethical standards. It mandates that investors provide detailed notices, updates, and attestations regarding the impact of their investments. FIRA is granted the power to mediate, suspend, or prohibit investments that do not meet these standards. The Act also includes oversight mechanisms, such as a Chief Ethics Officer and a Public Oversight Board, to ensure transparency. Finally, the bill requires regular reporting to Congress and the public to track progress and economic benefits.
Yes· 3 of 12
- Scored +7
Would union members be better off under this?
The bill strengthens labor rights by requiring neutrality in union organizing drives for qualified investments.
- Scored +7
Does this make what the government does easier for the public to see?
The bill mandates the creation of a public website to list investment commitments, amounts, and ownership details.
- Scored +6
Does this strengthen the rights of workers to organise?
The bill requires qualified investments to ensure employer neutrality in union organizing drives.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Economic Growth and Job Quality: The bill defines a "net economic benefit" as an investment that promotes domestic growth, creates and retains quality jobs, and uses domestically-sourced materials (Section 2(5)). This aims to ensure investments help the U.S. economy rather than undermining existing businesses.
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Protection for Workers: "Quality jobs" are defined to include specific protections such as at least 30 hours of work per week, compensation that meets or exceeds existing local jobs, and comprehensive benefits like health care and pensions (Section 2(9)). Additionally, employers must ensure neutrality in union organizing drives (Section 2(9)(C)(i)).
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Increased Transparency and Accountability: FIRA is required to maintain a public website that lists covered commitments, the amount of investment, and the identities of the people involved (Section 4(a)). This allows the public to see exactly where foreign money is going and whether it is meeting its goals.
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Ethical Oversight: The establishment of a Chief Ethics Officer and a Public Oversight Board, along with strict conflict of interest requirements, is designed to prevent corruption and ensure that investments are not used for personal financial gain by government officials (Section 3; Section 6(b)(3)(B)).
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Complaint Mechanisms: The bill provides a way for individuals to submit complaints regarding ethics or investment issues to the Chief Ethics Officer or the Public Oversight Board (Section 3(f)).
Potential Negative Impacts for People
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Significant Financial Penalties: Investors who fail to provide required notices, updates, or attestations can face fines up to 10 percent of the total value of the investment (Section 5(d)(1)).
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Potential for Investment Prohibitions: FIRA has the authority to suspend or prohibit any covered investment that it determines is not a "qualified investment" (Section 7(b)). This could disrupt planned economic activities if an investment fails to meet the specific criteria defined in the bill.
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Burdensome Compliance Requirements: Investors are required to provide detailed written notifications, quarterly updates, and signed attestations regarding the economic benefit and ethical compliance of their investments (Section 5(a)).
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Strict Rules for Certain Entities: Investments involving entities on the UFLPA Entity List or those subject to certain trade orders are prohibited from being considered qualified investments unless specific mitigation agreements are entered into (Section 6(b)(3); Section 6(b)(5)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this strengthen the rights of workers to organise? — The bill requires qualified investments to ensure employer neutrality in union organizing drives. Is this likely to create jobs? — The bill incentivizes investments that promote domestic growth and the creation of quality jobs through FIRA review processes. Is this likely to grow the economy? — The bill aims to promote domestic growth and production through the establishment of qualified investment standards. Does this make it easier to run a small business? — The bill seeks to protect existing businesses from being undermined by foreign investments.
- Demographic And Interest Groups
- Would union members be better off under this? — The bill strengthens labor rights by requiring neutrality in union organizing drives for qualified investments. Would households on low incomes be better off under this? — The bill encourages job creation accessible to workers without a college degree through training programs. Would middle-income households be better off under this? — The bill promotes the creation of quality jobs with comprehensive benefits and competitive wages. Would people in rural areas be better off under this? — The focus on domestic production and job creation may provide economic benefits to various local communities.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates the creation of a public website to list investment commitments, amounts, and ownership details. Does this protect the right to fair treatment by the courts? — The bill provides an appeal process for investment determinations through FIRA and the federal court system.
- National Security And Foreign Policy
- Does this make trade with other countries easier? — The bill implements oversight on foreign investment commitments related to trade agreements and punitive trade measures.
- Social Issues And Justice
- Does this narrow racial gaps in how people are treated? — The bill includes provisions to prohibit investments from entities on the UFLPA Entity List, which targets specific human rights concerns.
- 6/11/2026
- Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Shontel BrownDemocrat · Ohio
Debbie DingellDemocrat · Michigan
Thomas SuozziDemocrat · New York