April 15, 2014
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 9, 2014
H.R. 2052 would direct the Secretary of Commerce, in coordination with other relevant agencies, to review the competitiveness of the United States in attracting investment by foreign businesses. Within one year of enactment of the bill, the Secretary would be required to report to the Congress the results of the review as well as recommendations for increasing the United States’ ability to attract foreign investment.
Based on information from the Department of Commerce, CBO estimates that, assuming the availability of appropriated funds, implementing H.R. 2052 would cost about $1 million over the 2015-2019 period to conduct the review and prepare the report. Enacting H.R. 2052 would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
H.R. 2052 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would not affect the budgets of state, local, or tribal governments.
On July 24, 2013, CBO transmitted a cost estimate for H.R. 2052 as ordered reported by the House Committee on Energy and Commerce on July 17, 2013. The House and Senate versions of the legislation are identical and the CBO cost estimates are the same.