To direct the United States Trade Representative to prioritize North American alignment on foreign investment review during the next joint review conducted under the United States-Mexico-Canada Agreement.
Sponsors
Legislative Progress
No timeline data available
Summary
What This Bill Does
This bill directs the U.S. Trade Representative to push Mexico and Canada to establish foreign investment review systems similar to America's CFIUS (Committee on Foreign Investment in the United States) during the next USMCA agreement review. The goal is to create unified North American screening of investments from "nonmarket economy countries," primarily China.
Who Benefits and How
U.S. national security agencies gain leverage to extend investment screening across North America. American manufacturers benefit from reduced Chinese competition if investments are blocked. The Treasury and State Departments receive authority to provide technical assistance to help Canada and Mexico build their review systems.
Who Bears the Burden and How
Chinese investors and companies face new barriers to investing in Mexico and Canada, not just the U.S. Mexico and Canada must establish new legislative and regulatory frameworks for investment review, requiring significant institutional development. Companies in all three countries receiving investment from nonmarket economies face increased scrutiny and potential deal blocks.
Key Provisions
- USTR must advocate for CFIUS-like frameworks in Mexico and Canada during next joint review
- Creates coordination mechanism for USMCA countries to address shared investment threats
- Authorizes technical assistance including expert advisers, training, and grants
- Secretary of Treasury and State must coordinate on providing assistance
- Targets investments from "nonmarket economy countries" in strategic sectors
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Directs the U.S. Trade Representative to advocate for Mexico and Canada to establish investment review mechanisms similar to CFIUS during the next USMCA joint review, targeting Chinese and other nonmarket economy investments.
Policy Domains
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary_of_state"
- → Secretary of State
- "the_trade_representative"
- → United States Trade Representative
- "the_secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
Has the meaning given in section 771(18) of the Tariff Act of 1930 (includes China)
Expert advisers, training, grants, and study tours to help foreign governments establish investment review frameworks
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology