S2861119th CongressWALLET

Protecting the USMCA from Harmful Chinese Investment Act

Sponsored By: Senator McCormick, David [R-PA]

Introduced

Summary

Align North American foreign investment review to protect supply chains and U.S. national security. This bill would direct the U.S. Trade Representative to make North American alignment on foreign investment screening a top objective in the next United States–Mexico–Canada Agreement joint review and to press for coordination against investments from nonmarket economy countries, including the People's Republic of China.

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  • Workers and supply chains: It would aim to protect North American supply chains and American jobs by pushing Canada and Mexico to adopt investment-review rules similar to U.S. section 721 of the Defense Production Act.
  • Canada and Mexico: The bill would formally encourage the two largest U.S. trading partners, whose bilateral trade is approaching $1 trillion in 2024, to create legislative and regulatory review frameworks for national security risks.
  • Federal agencies: It would require the Trade Representative to coordinate technical assistance with the Secretary of the Treasury and the Secretary of State to help partners build those frameworks.
  • National security oversight: It would promote mechanisms for the USMCA countries to coordinate responses to shared threats from investments by nonmarket economy countries and highlights the Committee on Foreign Investment in the United States as a critical safeguard.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Stronger investment screening across USMCA

If enacted, the U.S. Trade Representative (USTR) would use the first USMCA joint review after enactment to push Canada and Mexico to adopt investment‑screening laws like section 721 of the Defense Production Act. The USTR would coordinate with the Treasury and State Departments. The bill would authorize technical assistance such as advisers, training, grants to foreign governments or U.S. nonprofits, and study tours. The bill directs advocacy and help but does not itself create new mandatory spending.

Sponsors & CoSponsors

Sponsor

McCormick, David [R-PA]

PA • R

Cosponsors

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 9/18/2025

Roll Call Votes

No roll call votes available for this bill.

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