Protecting the USMCA from Harmful Chinese Investment Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2861 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2861 To direct the United States Trade Representative to prioritize North American alignment on foreign investment review during the next joint review conducted under the United States-Mexico-Canada Agreement. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 18 (legislative day, September 16), 2025 Mr. McCormick (for himself and Ms. Cortez Masto) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To direct the United States Trade Representative to prioritize North American alignment on foreign investment review during the next joint review conducted under the United States-Mexico-Canada Agreement. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting the USMCA from Harmful Chinese Investment Act''. SEC. 2. NORTH AMERICAN ALIGNMENT ON FOREIGN INVESTMENT REVIEW. (a) Sense of Congress.--It is the sense of Congress that-- (1) Canada and Mexico are the two largest trading partners of the United States, with bilateral goods and services trade between the United States and each such country reaching approximately $1,000,000,000,000 in 2024; (2) the United States-Mexico-Canada Agreement (USMCA) underpins much of the trade referred to in paragraph (1) and promotes a strong North American supply chain that supports millions of good-paying jobs in the United States; (3) given the close economic relationship between the United States, Mexico, and Canada under the USMCA, ensuring that each party has robust investment review mechanisms in place is important towards strengthening the collective national security interests