Establishes the Initiative on Foreign Investment Screening to assist partner countries in screening foreign investments for national security risks.
The Securing Partner Supply Chains Act mandates the Secretary of State to create the Initiative on Foreign Investment Screening. This initiative aims to provide technical assistance and training to foreign countries, focusing on best practices for screening foreign investments that pose national security risks. It also coordinates with other U.S. agencies, supports the development of foreign investment screening mechanisms, and assesses progress in partner countries. The initiative will terminate five years after its establishment.
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