Young Bill to Increase America’s Global Competitiveness Advances Out of Committee

WASHINGTON –Today, the U.S. Senate Committee on Commerce, Science, and Transportation advanced theGlobal Investment in American Jobs Act,a bill ledby U.S. Senators Todd Young (R-Ind.) and Gary Peters (D-Mich.) to increase America’s global competitiveness and ensure our nation continues to be the most attractive destination for international companies to invest.
“An important component of maintaining American leadership in the research, development, and deployment of emerging technologies like artificial intelligence, biotechnologies, and quantum computing involves removing barriers that inhibit foreign direct investment from trusted countries into the United States,”said Senator Young.“I’m glad to see this important legislation advance out of the Commerce Committee, and it is now time to bring this bill to the Senate floor.”
For decades, foreign direct investment in America has strengthened our nation’s economy by bringing more good paying jobs to our communities, boosting domestic research and development, and exporting more American-made goods. However, in the face of heightened competition from other countries, America must remain intentional about attracting international investment. TheGlobal Investment in American Jobs Actwould support this effort by directing the Secretary of Commerce to conduct a government-wide review of ways to increase America’s global competitiveness in attracting foreign direct investment and report the findings to Congress.
Full legislative text can be foundhere.
The Committee also advanced theROTOR ActandPIPELINE Safety Act of 2025, both of which Senator Young cosponsored.