WASHINGTON – A coalition of organizations representing millions of U.S. workers today sent a letter to leaders of the House Committee on Energy and Commerce, urging them to advance the Global Investment in American Jobs Act (H.R. 2907).
“International companies grow America’s economy and make it more resilient by supporting local supply chains and small businesses, fueling American innovation, developing workforce development programs, exporting American-made goods and committing to charitable and sustainable imperatives,” the business groups wrote. “However, with heightened competition from other countries, the United States’ share of global investment shrank to 30 percent in 2021 from 34 percent in 2001. Thankfully, the Global Investment in American Jobs Act … would help improve the federal regulatory environment to spur more U.S. job creation.”
The bipartisan Global Investment in American Jobs Act, sponsored by Rep. Greg Pence (R-IN) and Rep. Bobby Rush (D-IL), would direct the U.S. Department of Commerce to conduct a government-wide review of ways to increase America’s global competitiveness in attracting foreign direct investment and combat the potential long-term threats posed by Chinese state-owned enterprises.
The Global Business Alliance (GBA), Autos Drive America, Information Technology Industry Council (ITI), the National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce are calling for the committee to prioritize this legislation before the end of the year.
Read the full letter here.