Global Investment in American Jobs Act of 2025

Floor Speech

Mr. Speaker, I rise to speak in support of H.R. 1679, the Global Investment in American Jobs Act. This legislation will encourage foreign direct investment to support high-quality American jobs.

Foreign direct investment from nonadversarial Nations can be used to grow critical sectors important for our economic success and national security including by creating new jobs in our Nation's manufacturing sector.

Once the envy of the world, our manufacturing base has faced steady headwinds for the last several decades. Our Nation's share of global manufacturing activity declined from 28 percent in 2002 to just over 17 percent in 2020.

Investment in America's small and medium manufacturers, the bedrock of our industrial might, has also declined over the last 20 years by more than $200 billion. In that same two-decade period, our domestic manufacturing base has shed more than 4 million jobs.

It is time to reverse these trends by revitalizing our Nation's manufacturing industry and bringing jobs back home. The work we did under the Biden administration, passing the bipartisan infrastructure law, Inflation Reduction Act, and the CHIPS and Science Act, is already helping to turn the tide.

I am concerned that actions by the Trump administration are putting this great success at risk. The attempts to claw back these historic investments in our manufacturing sector, unstable and erratic tariff policies, and mass elimination of trusted Federal programs and partners put American businesses at a disadvantage.

All of these actions by the Trump administration are detrimental to our ability to compete globally. I encourage my Republican colleagues to stand up for American businesses, large and small, against the chaotic actions of this administration.

Foreign direct investment can be part of the solution to revitalize American manufacturing and job creation. Over a third of all foreign direct investments are in domestic manufacturing, exceeding a total of $120 billion a year.

This bill will help ensure we keep that flow of investment strong and that such investments support quality, good-paying jobs right here at home. It must be coupled with Federal trade policies coming from the White House and this Congress that encourages stability in the marketplace, protects our relationships with close trading partners, and lowers costs for American families.

Mr. Speaker, I commend Representatives Kelly and Evans for their leadership on this issue. I urge my colleagues to support this legislation.

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Mr. PALLONE. Mr. Speaker, I know in my district that foreign direct investment is important in creating jobs. I would certainly say that nationally this is an important piece of legislation. For that reason, I urge my colleagues to support it.

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