Bill to encourage foreign advanced-tech investment in U.S. clears Senate Commerce

The Senate Commerce Committee has approved by voice vote S. 2563, the Global Investment in American Jobs Act, a bipartisan measure directing the Commerce Department and Comptroller General to study and report to Congress on U.S. competitiveness in attracting foreign investment for advanced technologies such as artificial intelligence.

Supporters of the legislation by Sens. Todd Young (R-IN) and Gary Peters (D-MI) -- approved unanimously by the committee on Oct. 21 -- say they will look for opportunities to attach the...