Securing Partner Supply Chains Act

H.R. 7675, the Securing Partner Supply Chains Act, would direct the Secretary of State to establish a three-year Initiative on Foreign Investment Screening. The initiative would provide technical assistance, training, and advisory services to foreign countries regarding best practices for screening foreign investments for national security risks. It would also facilitate coordination among U.S. agencies, the private sector, partner countries, and civil society to promote investment security standards.

The bill specifically aims to protect U.S. allies and partners from foreign investment threats to critical sectors such as critical minerals, energy, and telecommunications. The State Department would be required to submit annual reports to Congress assessing the progress of partner countries in implementing investment screening mechanisms and providing recommendations for further U.S. engagement on investment security assistance. The initiative would terminate three years after its establishment.