Two lawmakers form caucus to attract more foreign investment

A bipartisan pair of House lawmakers has formed a caucus aimed at attracting more foreign investment to the United States.

Reps. Jim Moran (D-Va.) and Kevin Brady (R-Texas) have teamed up to lead the new American Global Investment Caucus that they say will help maintain and grow international investment as part of an effort to grow jobs and bolster economic growth.

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“Foreign direct investment supports jobs in nearly every state and Congressional district," Moran said. "We need policy makers who understand the vital role global companies play in our country."

The lawmakers are working with the Organization for International Investment to work on policy options dedicated to promoting foreign direct investment in the United States.

The group held its first briefing this week to educate members on avenues that can be taken to grow foreign investment.

President Obama has made a consistent push in at least the past year for more foreign investment. 

Investment from other nations supports 5.6 million U.S. jobs, the lawmakers said. 

“In the global marketplace, shouldn’t America be the country that investors look to first?” Brady said.

“Washington should do all it can to encourage more foreign investment in U.S. companies, jobs and research here in the U.S.”