A bill to establish the Foreign Investment Review Authority to determine whether foreign countries that have made investment commitments to the United States have complied with those commitments, and for other purposes.

If enacted, this bill would give the Federal government a formal mechanism to track and enforce foreign investment commitments. Analogous policies exist at the state level: some states have created investment verification offices to track promised job creation and capital spending from foreign firms, with mixed results—some have successfully recovered penalties from companies that failed to deliver, while others have faced legal challenges from foreign investors. The Federal government already monitors foreign direct investment through CFIUS (Committee on Foreign Investment in the United States), which reviews national security concerns; this bill would add a separate compliance-tracking function. If foreign governments perceive the new Authority as punitive or intrusive, they might redirect investments to competing nations with fewer compliance requirements.