Support legislation to establish a State Department-led Initiative on Foreign Investment Screening to help U.S. allies and partners develop investment screening mechanisms similar to CFIUS.

Establish a State Department-led Initiative on Foreign Investment Screening to help U.S. allies and partners develop investment screening mechanisms similar to CFIUS.

Kaine introduced bipartisan legislation that would create a State Department-led initiative to help allies and partners build foreign investment screening mechanisms.

Kaine & Curtis Introduce Bipartisan Bill to Secure Supply Chains, Counter China
primary · press_release · model gpt-5.5

Congress.gov lists S.1169 as introduced by Sen. Menendez on April 15, 2021, referred to Senate Foreign Relations, reported May 10, 2021, and still at the Introduced status. CRS summary says it would require the Department of State to establish programs engaging partner countries on regulatory harmonization and technology partnerships.

Closest official precursor: a Senate Foreign Relations China-competition bill proposed State Department programs with partner countries, but it did not become law as a standalone bill and the summary is broader than a dedicated foreign-investment-screening initiative.

partial unknown A for effort

S.1169 - Strategic Competition Act of 2021
secondary · model gpt-5.5 · confidence 72%

The Senate-engrossed S.1260 included Division C, Strategic Competition Act of 2021. Section 3208 directed the Secretary of State to establish a program for regular dialogues between U.S. regulatory and technical agencies and counterpart organizations in allied and partner countries, and authorized $2.5 million for each of FY2022-FY2026.

This is a concrete State Department-led allied/partner regulatory-exchange provision, but it is not specifically an Initiative on Foreign Investment Screening or a requirement to help allies build CFIUS-like mechanisms.

partial unknown A for effort

S.1260 (ES) - United States Innovation and Competition Act of 2021
secondary · model gpt-5.5 · confidence 76%

The Senate roll call for S.1260 says the question was passage of the bill, the result was Bill Passed, and lists Kaine (D-VA) as Yea.

Kaine took a concrete supportive vote for the broader Senate package containing related State Department regulatory-exchange and CFIUS/allies reporting language.

partial unknown A for effort

U.S. Senate Roll Call Vote 117th Congress, 1st Session, Vote 226
secondary · model gpt-5.5 · confidence 88%

Section 5305 of S.1260 required a report on implementation of the formal process for information exchange between CFIUS and governments of allied or partner countries under 50 U.S.C. 4565(c)(3).

This addresses CFIUS coordination with allies and partners, but only as a reporting requirement on an existing information-exchange process, not a new State Department-led foreign investment screening initiative.

partial unknown A for effort

S.1260 (ES) - United States Innovation and Competition Act of 2021
secondary · model gpt-5.5 · confidence 82%

GovInfo lists Public Law 117-167 as approved August 9, 2022, from H.R.4346. Its cited U.S. Code references do not include 50 U.S.C. 4565, and text search of the public-law PDF did not find foreign investment or CFIUS provisions from S.1260.

The final enacted competitiveness law did not carry through the specific CFIUS/allied investment-screening language found in the earlier Senate package, so the promised policy was not fully delivered through that vehicle.

never unknown A for effort

Public Law 117-167 - CHIPS and Science Act
secondary · model gpt-5.5 · confidence 79%