Notice2022-07837
United States Investment Advisory Council; Charter Renewal
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 13, 2022
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
On April 6, 2022, the Department of Commerce Acting Chief Financial Officer and Assistant Secretary for Administration renewed the charter for the United States Investment Advisory Council (Council). The Council is a federal advisory committee pursuant to the Federal Advisory Committee Act.
Full Text
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<title>Federal Register, Volume 87 Issue 71 (Wednesday, April 13, 2022)</title>
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[Federal Register Volume 87, Number 71 (Wednesday, April 13, 2022)]
[Notices]
[Pages 21870-21871]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-07837]
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DEPARTMENT OF COMMERCE
International Trade Administration
United States Investment Advisory Council; Charter Renewal
AGENCY: SelectUSA, International Trade Administration, Global Markets,
U.S. Department of Commerce.
ACTION: Notice of renewal of the United States Investment Advisory
Council.
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SUMMARY: On April 6, 2022, the Department of Commerce Acting Chief
Financial Officer and Assistant Secretary for Administration renewed
the charter for the United States Investment Advisory Council
(Council). The Council is a federal advisory committee pursuant to the
Federal Advisory Committee Act.
DATES: The Council charter was renewed April 6, 2022 on and will expire
on April 6, 2024.
ADDRESSES: Please contact <a href="/cdn-cgi/l/email-protection#511810121125233035347f363e27"><span class="__cf_email__" data-cfemail="b7fef6f4f7c3c5d6d3d299d0d8c1">[email protected]</span></a> with any questions.
FOR FURTHER INFORMATION CONTACT: Rachel David, SelectUSA, U.S.
Department of Commerce; telephone: (202) 302-6858; email:
<a href="/cdn-cgi/l/email-protection#175e565457636576737239707861"><span class="__cf_email__" data-cfemail="f5bcb4b6b58187949190db929a83">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The United States Investment Advisory
Council (Council) was established by the Secretary of Commerce
(Secretary) pursuant to duties imposed by 15 U.S.C. 1512 upon the
Department and in compliance with the Federal Advisory Committee Act,
as amended (FACA), 5 U.S.C. App.
The Council functions solely as an advisory committee in accordance
with the provisions of FACA. In particular, the Council advises the
Secretary on government policies and programs that affect businesses
engaging in foreign direct investment (FDI), the expansion of domestic
operations, or the transferring of operations to the United States from
overseas. The Council identifies and recommends programs and policies
to help the United States attract and retain business investment and
recommends ways to support the United States in remaining the world's
preeminent investment destination. The Council acts as a liaison among
the stakeholders represented by the membership and provides a forum for
the stakeholders to provide feedback on current and emerging issues
regarding FDI and business expansion.
[[Page 21871]]
The Council reports to the Secretary of Commerce on its activities
and recommendations regarding FDI and business investment. In creating
its reports, the Council is to survey and evaluate the investment and
investment-facilitating activities of stakeholders, identify and
examine specific problems facing potential business investors, and
examine the needs of stakeholders to inform the Council's efforts. The
Council is to recommend specific solutions to the problems and needs
that it identifies.
Each member is to be appointed for a term of two years and serves
at the pleasure of the Secretary. The Secretary may at his/her
discretion reappoint any member to an additional term or terms,
provided that the member proves to work effectively on the Council and
his/her knowledge and advice is still needed.
The Council consists of no more than forty (40) members appointed
by the Secretary. Members are to represent companies and organizations
investing, seeking to invest, seeking foreign investors, or
facilitating investment across many sectors, including but not limited
to:
<bullet> U.S.-incorporated companies that are majority-owned by
foreign companies or by a foreign individual or individuals, or that
generate significant foreign direct investment (e.g., through their
supply chains);
<bullet> Companies or entities whose business includes FDI-related
activities or the facilitation of FDI; and
<bullet> U.S. incorporated companies, regardless of ownership, that
are considering expanding their operations in the United States or
transferring to the United States operations that are currently being
conducted overseas;
<bullet> Economic development organizations and other U.S.
governmental and non-governmental organizations and associations whose
missions or activities include the promotion or facilitation of
business investment and/or FDI.
All members must be a U.S. citizen or permanent resident. Members
shall be selected based on their ability to carry out the objectives of
the Council, in accordance with applicable Department of Commerce
guidelines, in a manner that ensures that the Council is balanced in
terms of points of view, industry sector or subsector, and
organizational type. Members shall also represent a broad range of
products and services and shall be drawn from large, medium, and small
enterprises, private-sector organizations that have invested or are
considering investing in the United States, and other investment-
related entities, including non-governmental organizations,
associations, and economic development organizations.
For members selected on the basis of their involvement in FDI and
FDI-related activities, the Council should also be balanced in terms of
the geographic sources and destinations of the FDI and the volume and
nature of FDI involved. For members selected on the basis of their
interest in expanding their operations in, or transferring operations
to the United States, the Council should also be balanced in terms of
the size and nature of the operations under consideration for expansion
or transfer.
In selecting members, priority may be given to the selection of
executives, i.e., Chief Executive Officer, Executive Chairperson,
President, or an officer with a comparable level of responsibility.
Members serve in a representative capacity, representing the views
and interests of their sponsoring entity and those of their particular
sector (if applicable), and they are, therefore, not Special Government
Employees. Members will receive no compensation for their participation
and will not be reimbursed for travel expenses related to Council
activities. Appointments to the Council shall be made without regard to
political affiliation. All members must be a U.S. national.
The Secretary designates a Chair and Vice Chair from among the
members. The Council will meet a minimum of two times a year, to the
extent practical, with additional meetings called at the discretion of
the Secretary or his/her designee. Meetings will be held in Washington,
DC or elsewhere in the United States, or by teleconference, as
feasible. Members are expected to attend a majority of Council
meetings.
Note: A request for applications was posted in a Federal
Register Notice on May 7, 2021 (86 FR 26696). If you applied in
response to that notice, you application remains valid and is in the
review process.
William Burwell,
Deputy Executive Director SelectUSA.
[FR Doc. 2022-07837 Filed 4-12-22; 8:45 am]
BILLING CODE 3510-DR-P
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