Protect U.S. Investments Act of 2023
This bill strengthens protections for U.S. investors in foreign countries by amending the Foreign Assistance Act. It requires foreign governments to consult with U.S. investors under investment treaties (like those in the DR-CAFTA agreement) within 30 days of a written request. Investors can now petition a U.S. commission for an advisory report on treatment of their investment, and if the commission delays, they may seek court action to suspend U.S. aid to that country. Foreign officials who harm U.S. investments face denied U.S. visas, entry, and blocked financial transactions in the U.S. until the harm is resolved. The bill directly affects U.S. investors, foreign governments, and their officials involved in investment disputes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
President
Introduced Jan 24, 2023
Last action Jan 24, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 24, 2023
Committee
Referred to the House Committee on Foreign Affairs.
lower
Jan 24, 2023
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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