Notice2024-02461
United States Investment Advisory Council
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
February 7, 2024
Issuing agencies
Commerce DepartmentInternational Trade Administration
Abstract
The Department of Commerce is currently seeking applications for membership on the United States Investment Advisory Council. The purpose of the Council is to advise the Secretary of Commerce on strategies to attract and retain foreign direct investment to the United States.
Full Text
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<title>Federal Register, Volume 89 Issue 26 (Wednesday, February 7, 2024)</title>
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[Federal Register Volume 89, Number 26 (Wednesday, February 7, 2024)]
[Notices]
[Pages 8405-8407]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-02461]
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DEPARTMENT OF COMMERCE
International Trade Administration
United States Investment Advisory Council
AGENCY: SelectUSA, International Trade Administration, U.S. Department
of Commerce.
ACTION: Notice of an opportunity to apply for membership on the United
States Investment Advisory Council.
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SUMMARY: The Department of Commerce is currently seeking applications
for membership on the United States Investment Advisory Council. The
purpose of the Council is to advise the Secretary of Commerce on
strategies to attract and retain foreign direct investment to the
United States.
DATES: Applications for immediate consideration for membership must be
received by the Office of SelectUSA by 5 p.m. eastern daylight time
(EDT) on Wednesday, March 20, 2024. Applications received after this
date may be considered by SelectUSA as appropriate and when vacancies
become available.
ADDRESSES: Please submit application information by email to
<a href="/cdn-cgi/l/email-protection#9fd6dedcdfebedfefbfab1f8f0e9"><span class="__cf_email__" data-cfemail="e9a0a8aaa99d9b888d8cc78e869f">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Claire Pillsbury, SelectUSA, U.S.
Department of Commerce; telephone: (202) 578-8239; email:
<a href="/cdn-cgi/l/email-protection#4a030b090a3e382b2e2f642d253c"><span class="__cf_email__" data-cfemail="c78e868487b3b5a6a3a2e9a0a8b1">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The United States Investment Advisory
Council (IAC) is established in accordance with the provisions of the
Federal Advisory Committee Act, as amended, 5 U.S.C. 1001 et seq., to
advise the Secretary of Commerce (Secretary) on matters relating to the
promotion and retention of foreign direct investment in the United
States (FDI).
SelectUSA is accepting applications for membership on the IAC for a
two-year term. The IAC functions solely as an advisory committee. The
IAC shall advise the Secretary on U.S. government policies and programs
that affect FDI; identify and recommend programs and policies to help
the United States attract and retain FDI; and recommend ways to support
the position of the United States as the world's preeminent destination
for FDI. The IAC shall report to the Secretary on its activities and
recommendations regarding FDI. In creating its reports, the IAC should
survey and evaluate the investment and investment-facilitating
activities of stakeholders, should identify and examine specific
problems facing potential foreign investors, and should examine the
needs of stakeholders to inform the IAC's efforts. The IAC should
recommend specific solutions to the problems and needs that it
identifies.
The IAC shall consist of no more than forty members appointed by
the Secretary. Members shall represent companies and organizations
investing, seeking to invest, seeking foreign investors, or
facilitating investment across many sectors, including but not limited
to:
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); U.S. companies or entities whose business includes FDI-related
activities or the facilitation of FDI; 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; and Economic
development organizations and other U.S. governmental and non-
governmental organizations and associations whose missions or
activities include the promotion or facilitation of FDI.
Members shall be selected based on their ability to carry out the
objectives of the IAC, in accordance with applicable Department of
Commerce guidelines, in a manner that ensures that the IAC is balanced
in terms of points of view, industry subsector, organization type,
geography of the source and the destination of the FDI, and company
size. Members shall also represent a broad range of products and
services and shall be drawn from large, medium, and small enterprises,
private-sector organizations involved in investment, and other
investment-related entities including non-governmental organizations,
associations, and economic development organizations. The diverse
membership of the IAC assures perspectives reflecting the breadth of
the IAC's responsibilities, and, where possible, the Department of
Commerce will also consider the ethnic, racial, and gender diversity
and various abilities of the United States population.
Priority may be given to executives (Chief Executive Officer,
Executive Chairman, President, or comparable level of responsibility).
Members shall serve in a representative capacity, representing the
views and interests of their sponsoring entity and its particular
sector (if applicable). Members are not special government employees
and will receive no compensation for their participation in IAC
activities. Members will not be reimbursed for travel expenses related
to IAC activities. Appointments to the IAC shall be made without regard
to political affiliation. Because the IAC will advise the Secretary on
U.S. international competitiveness in attracting and retaining FDI,
each member must be a U.S. citizen or permanent resident.
Each member shall be appointed for a term of two years and will
serve 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 IAC and that
his/her knowledge and advice is still needed. The IAC will meet a
minimum of two times a year with, to the extent practical, 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 IAC meetings.
To be considered for membership, submit the following information
by 5:00 p.m. EDT on March 20, 2024, to the email address listed in the
ADDRESSES section:
1. Name and title of the individual requesting consideration.
2. A sponsor letter from the applicant on the sponsoring entity's
letterhead containing a brief statement of why the applicant should be
considered for membership on the IAC. This sponsor letter should also
address the applicant's experience and leadership related to foreign
direct investment.
3. The applicant's personal resume and short bio (less than 300
words).
4. An affirmative statement that the applicant meets all
eligibility criteria, including an affirmative statement that the
applicant is not required to register as a foreign agent under the
Foreign Agents Registration Act of 1938, as amended.
5. Information regarding the ownership and control of the
sponsoring entity, including the stock holdings as appropriate.
6. The sponsoring entity's size, place of incorporation, product or
service line, major markets in which the entity operates, and the
entity's export or import experience.
7. A profile of the entity's foreign direct investment activities,
including investment activities, investment plans, investment-
facilitation activities, or other foreign direct investment activities.
8. Brief statement describing how the applicant will contribute to
the work of the IAC based on his or her unique experience and
perspective (not to exceed 100 words).
9. All relevant contact information, including mailing address,
fax, email, phone number, and support staff information where relevant.
Public Burden Statement
A Federal agency may not conduct or sponsor, and a person is not
required to respond to, nor shall a person be subject to a penalty for
failure to comply with an information collection subject to the
requirements of the Paperwork
[[Page 8407]]
Reduction Act of 1995 unless the information collection has a currently
valid OMB Control Number. The approved OMB Control Number for this
information collection is 0690-0038. Without this approval, we could
not conduct this information collection. Public reporting for this
information collection is estimated to be approximately 2 hours per
response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data needed, and
completing and reviewing the information collection. All responses to
this information collection are voluntary. Send comments regarding this
burden estimate or any other aspect of this information collection,
including suggestions for reducing this burden to the International
Trade Administration Paperwork Reduction Act Program: <a href="/cdn-cgi/l/email-protection#cbbbb9aa8bbfb9aaafaee5aca4bd"><span class="__cf_email__" data-cfemail="93e3e1f2d3e7e1f2f7f6bdf4fce5">[email protected]</span></a> or
to Katelynn Byers, ITA PRA Process Administrator:
<a href="/cdn-cgi/l/email-protection#165d7762737a6f787838546f73646556626477727338717960"><span class="__cf_email__" data-cfemail="d893b9acbdb4a1b6b6f69aa1bdaaab98acaab9bcbdf6bfb7ae">[email protected]</span></a>.
Jasjit Kalra,
Executive Director, SelectUSA.
[FR Doc. 2024-02461 Filed 2-6-24; 8:45 am]
BILLING CODE 3510-DR-P
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