# 119-hr-9284: Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act

119-hr-9284, Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act, is a 119th Congress bill sponsored by Rep. Khanna, Ro [D-CA-17] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-06-28).

- Canonical: https://policyrisk.com/legislation/119-hr-9284
- As of: 2026-06-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9284
- Congress: 119
- Title: Foreign Investment Review Monitoring and Commitment Tracking Oversight Board Act
- Status: introduced
- Introduced: 2026-06-11
- Sponsor: Rep. Khanna, Ro [D-CA-17] (D-CA)
- Cosponsors: 3
- Policy area: International Affairs
- Touches household money: yes
- Last recorded action: 2026-06-28

## Summary

**Foreign Investment Review Authority (FIRA)** would create a new agency to vet large foreign investment commitments, require public disclosures and ethics checks, and judge whether investments deliver clear U.S. economic benefits. It would treat large country commitments from Japan ($550 billion), South Korea ($350 billion), and Taiwan ($500 billion) as covered for FIRA accounting and tracking.

## Cosponsors (3)

- Rep. Dingell, Debbie [D-MI-6] (D-MI), 2026-06-11T00:00:00.000Z
- Rep. Brown, Shontel M. [D-OH-11] (D-OH), 2026-06-11T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2026-06-11T00:00:00.000Z

## Provisions PRIA read

- Charitable donations excluded from review: benefit, low. If enacted, this bill would say that donations to organizations exempt under Internal Revenue Code section 501(c)(3) are not "covered investments." That means those donations would not trigger FIRA review or disclosure rules.
- Fines for missing investment disclosures: cost, high. If enacted, this bill would allow civil fines for failing to give required notices, updates, or attestations. Penalties could be up to 10% of the investment value for missing or false notices or up to 10% of the value of an undisclosed interest for knowingly failing to disclose. Other criminal pena…
- New foreign investment review agency: cost, high. If enacted, this bill would create the Foreign Investment Review Authority (FIRA). A multi-member board would run FIRA, with a Chair and several presidential and agency designees. FIRA would have a Chief Ethics Officer (six-year term) and a Public Oversight Board with limited terms. FIRA must set c…
- New public notice rules for investments: cost, high. If enacted, this bill would require anyone who believes an investment is covered to notify FIRA in writing at the start and provide quarterly updates until completion. Notices must list investors, recipients, advisers, beneficial owners, and include senior-official attestations that the deal provid…
- New review and appeals for investors: cost, high. If enacted, this bill would let FIRA review investments to decide if they are "covered" and whether they "qualify." Reviews could start from investors, foreign governments, the President, or federal agencies, and interested parties could petition FIRA to review deals. FIRA could suspend or prohibit…
- Mitigation rules for trade and IP orders: cost, medium. If enacted, this bill would prevent FIRA from qualifying an investment when the investor or recipient is under an antidumping, countervailing, or federal IP court order unless they sign a mitigation agreement. Mitigation agreements must include enforceable penalties, which could be fines, divestmen…
- What counts as a qualified investment: mixed, high. If enacted, this bill would let FIRA call an investment "qualified" only if ethics rules are met and the investment gives a net economic benefit to the U.S. FIRA would judge growth, creation or retention of "quality jobs" (including jobs for workers without a college degree), avoidance of excess ca…
- Faster reporting and complaint timelines: mixed, medium. If enacted, this bill would require FIRA to send an annual report to Congress and a public semiannual report that lists qualified investments and details jobs, pay, union status, and input origins. The Chief Ethics Officer would have to accept complaints (including anonymous ones) and, with the Pub…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-5356: National Infrastructure Bank Act of 2025
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-51: Washington, D.C. Admission Act

## Sources
- [119-hr-9284 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9284)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-5356: National Infrastructure Bank Act of 2025](https://policyrisk.com/legislation/119-hr-5356)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9284 (as of 2026-06-28).