Bill · S. 4748· Senate(119-S-4748)
Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act
- Introduced
- 6/11/2026
- Last activity
- 6/11/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Tammy Baldwin
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the FIRM Commitment Tracking Oversight Board Act, establishes the Foreign Investment Review Authority to oversee and track investment commitments made by foreign countries to the United States. It sets up a board of directors, a chief ethics officer, and a public oversight board to review these foreign investments. The legislation requires investors to submit detailed notices and attestations about their investments to ensure they benefit the American economy. It gives the new authority the power to mediate, suspend, or prohibit investments that do not meet specific quality and ethical standards. Finally, the bill mandates regular reporting to Congress and the public regarding investment progress, job creation, and compliance.
Yes· 3 of 12
Would union members be better off under this?+7
The bill requires neutrality in union organizing drives as a condition for qualifying investments.
Does this make what the government does easier for the public to see?+7
The bill mandates public disclosure of investment details, ownership, and semiannual public reports.
Does this strengthen the rights of workers to organise?+6
The bill requires employers to ensure neutrality in any union organizing drives for qualified investments.
The opposite
Does this make trade with other countries easier?-2
The bill introduces stricter review and potential prohibition of foreign investments based on specific economic and labor criteria.
Who it would affect, and how
Potential Positive Impacts for People
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Job Creation and Quality Standards: Under Section 2(5) and Section 2(9), investments must provide a net economic benefit to the United States by creating and retaining quality jobs that pay wages higher than the State median wage, include comprehensive healthcare and pensions, and support workforce training or registered apprenticeship programs. This provision positively impacts American workers by ensuring new investments lead to better-paying, stable employment opportunities.
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Accountability and Complaint Mechanism: Under Section 3(f), the Chief Ethics Officer must establish a complaint process allowing individuals or anonymous persons to submit complaints, requiring a substantive response and adjudication within 30 days. This gives everyday citizens a direct and accountable way to voice concerns about foreign investments and ethics violations.
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Public Transparency: Under Section 4 and Section 10, the authority is required to maintain a public website listing all covered foreign investment commitments, reviewed investments, and semiannual reports detailing job creation, unionization information, and employee compensation. This ensures that the public and elected officials can easily hold foreign investors and government officials accountable for their actions.
Potential Negative Impacts for People
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Financial Penalties for Non-Compliance: Under Section 5(d), individuals or entities that fail to submit required notices, updates, or attestations—or who make material misstatements—face severe civil penalties, including fines up to 10 percent of the value of the investment or undisclosed interest. While intended to enforce compliance, this could impose heavy financial burdens on businesses or parties that make administrative or reporting errors.
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Investment Restrictions and Delays: Under Section 6 and Section 7, the authority has the power to review, place under heightened scrutiny, mediate, suspend, or outright prohibit foreign investments that do not meet strict qualifications or ethics requirements. This could create bureaucratic delays or stop certain projects from moving forward, potentially impacting local communities that might have otherwise benefited from incoming capital or development.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Union Workers+7Good For Low Income Households+4Good For Retirees+4Good For Middle Class Households+3
- Economy And Finance
- Improves Union Protections+6Increases Job Creation+5Improves Economic Growth+4Improves Small Business Support+3
- Governance And Ideology
- Improves Government Transparency+7Improves Due Process+3
- Social Issues And Justice
- Improves Poverty Reduction+3
- Healthcare
- Improves Healthcare Access+2
- National Security And Foreign Policy
- Improves International Trade-2
- 6/11/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.