Tammy Baldwin (D-WI)
Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act
A Democratic bill with no cosponsors
Last activity — Read twice and referred to the Committee on Finance.
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, known as the FIRM Commitment Tracking Oversight Board Act, establishes the Foreign Investment Review Authority to oversee and track investment commitments made by foreign countries to the United States. It sets up a board of directors, a chief ethics officer, and a public oversight board to review these foreign investments. The legislation requires investors to submit detailed notices and attestations about their investments to ensure they benefit the American economy. It gives the new authority the power to mediate, suspend, or prohibit investments that do not meet specific quality and ethical standards. Finally, the bill mandates regular reporting to Congress and the public regarding investment progress, job creation, and compliance.
Yes· 3 of 12
- Scored +7
Would union members be better off under this?
The bill requires neutrality in union organizing drives as a condition for qualifying investments.
- Scored +7
Does this make what the government does easier for the public to see?
The bill mandates public disclosure of investment details, ownership, and semiannual public reports.
- Scored +6
Does this strengthen the rights of workers to organise?
The bill requires employers to ensure neutrality in any union organizing drives for qualified investments.
The opposite
- Scored -2
Does this make trade with other countries easier?
The bill introduces stricter review and potential prohibition of foreign investments based on specific economic and labor criteria.
Who it would affect, and how
Potential Positive Impacts for People
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Job Creation and Quality Standards: Under Section 2(5) and Section 2(9), investments must provide a net economic benefit to the United States by creating and retaining quality jobs that pay wages higher than the State median wage, include comprehensive healthcare and pensions, and support workforce training or registered apprenticeship programs. This provision positively impacts American workers by ensuring new investments lead to better-paying, stable employment opportunities.
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Accountability and Complaint Mechanism: Under Section 3(f), the Chief Ethics Officer must establish a complaint process allowing individuals or anonymous persons to submit complaints, requiring a substantive response and adjudication within 30 days. This gives everyday citizens a direct and accountable way to voice concerns about foreign investments and ethics violations.
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Public Transparency: Under Section 4 and Section 10, the authority is required to maintain a public website listing all covered foreign investment commitments, reviewed investments, and semiannual reports detailing job creation, unionization information, and employee compensation. This ensures that the public and elected officials can easily hold foreign investors and government officials accountable for their actions.
Potential Negative Impacts for People
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Financial Penalties for Non-Compliance: Under Section 5(d), individuals or entities that fail to submit required notices, updates, or attestations—or who make material misstatements—face severe civil penalties, including fines up to 10 percent of the value of the investment or undisclosed interest. While intended to enforce compliance, this could impose heavy financial burdens on businesses or parties that make administrative or reporting errors.
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Investment Restrictions and Delays: Under Section 6 and Section 7, the authority has the power to review, place under heightened scrutiny, mediate, suspend, or outright prohibit foreign investments that do not meet strict qualifications or ethics requirements. This could create bureaucratic delays or stop certain projects from moving forward, potentially impacting local communities that might have otherwise benefited from incoming capital or development.
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.
- Demographic And Interest Groups
- Would union members be better off under this? — The bill requires neutrality in union organizing drives as a condition for qualifying investments. Would households on low incomes be better off under this? — The bill promotes jobs accessible to workers without college degrees through training and apprenticeships. Would retired people be better off under this? — The bill promotes quality jobs that include defined benefit pensions. Would middle-income households be better off under this? — The bill encourages the creation of quality jobs with competitive compensation and benefits.
- Economy And Finance
- Does this strengthen the rights of workers to organise? — The bill requires employers to ensure neutrality in any union organizing drives for qualified investments. Is this likely to create jobs? — The bill defines quality jobs as those that promote domestic growth and include benefits like healthcare and pensions. Is this likely to grow the economy? — The bill seeks to promote domestic growth and production through qualified foreign investments. Does this make it easier to run a small business? — The bill's definitions of net economic benefit include not undermining existing domestic businesses.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates public disclosure of investment details, ownership, and semiannual public reports. Does this protect the right to fair treatment by the courts? — The bill provides a mechanism for appeals of FIRA determinations in United States district courts.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — The bill promotes quality jobs with wages that exceed local medians and include family-sustaining benefits.
- Healthcare
- Does this make health care easier to get in general? — The bill defines quality jobs as including comprehensive health care benefits.
- National Security And Foreign Policy
- Does this make trade with other countries easier? — The bill introduces stricter review and potential prohibition of foreign investments based on specific economic and labor criteria.
- 6/11/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
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.