Establishes the Foreign Investment Review Authority to oversee foreign investment commitments to the U.S.
The Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act establishes the Foreign Investment Review Authority (FIRA) to oversee foreign investment commitments to the U.S. FIRA reviews investments to determine if they are qualified investments, which must provide a net economic benefit to the U.S. and meet other criteria. FIRA can require mediation or prohibit investments that do not meet these criteria. FIRA is overseen by a board of directors appointed by the President, congressional leaders, and labor organizations.
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