US SB2563

Secretary of Commerce and Comptroller General must conduct an interagency review of U.S. global competitiveness in attracting foreign direct investment from "responsible private sector entities" based in "trusted countries" (non-adversary nations)

Report to Congress required within 1 year of enactment, with recommendations for increasing foreign investment while maintaining security, labor, consumer, financial, and environmental protections

Review must examine economic impacts of foreign investment, trends in cross-border investment, challenges from state-owned enterprises (particularly those linked to the Chinese Communist Party), and protectionist trade barriers like data localization and IP infringement

"Foreign country of concern" definition references 15 U.S.C. 4651 (CHIPS Act); entities from these countries are excluded from "responsible" investor status

Review explicitly excludes Committee on Foreign Investment in the United States (CFIUS) policies and requires two public comment periods—before the review begins and before the final report is submitted