Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act

This bill establishes the Foreign Investment Review Authority (FIRA), a new independent agency tasked with monitoring and enforcing foreign investment commitments made by other countries to the United States. FIRA would be led by a board of directors and an ethics officer, with oversight from a public board appointed by congressional leaders, to review investments and ensure they provide specific economic benefits such as creating quality jobs and sourcing materials domestically. The legislation requires investors to submit detailed notices and quarterly updates, while FIRA has the power to mediate terms or prohibit investments that fail to meet strict criteria regarding economic impact and ethical compliance. Additionally, the bill mandates regular public and congressional reporting on investment progress and creates a formal process for appealing FIRA's decisions in federal court.