Growing the Global Investment in American Jobs Caucus

May 04, 2021

To help promote FDI and educate Congress and the public on the impact of international investment in the United States, GBA established the Global Investment in American Jobs Caucus. Launched in 2016, the Caucus focuses on the important role global investment plays in the U.S. economy, as well as policies that ensure the United States remains the most attractive location for international investment.

GBA believes the United States’ ability to maintain and grow investment from abroad is critical to U.S. economic growth and job creation. According to data compiled by the Bureau of Economic Analysis, FDI supports 22 percent of the U.S. manufacturing workforce and created 80 percent of the new U.S. manufacturing jobs from 2013 to 2018. FDI generates 15 percent of U.S. research and development activities. Additionally, U.S. workers earn an average salary of $82,600, which is 20 percent higher than the national private sector average from jobs created by international investment. Those same American workers produce 24 percent of U.S. exports, shipping over a billion dollars in goods each day to customers around the world.

While the United States remains a premier location for international investment, FDI in the United States has dropped dramatically in recent years and has now been surpassed by China as the top destination. This is a trend that must be reversed for the benefit of American workers and the U.S. economy. Now more than ever before, global firms have an unprecedented array of options when looking to invest, expand, or establish new operations. This Caucus works to promote the United States as the premier destination for foreign direct investment. 

Caucus Co-Chairs:

Rep. Andy Barr (R-KY)

Andy Barr has served as the U.S. Congressman for Kentucky’s Sixth Congressional District since January of 2013.  Congressman Barr is a senior Member of the House Financial Services Committee and is Ranking Member of the Oversight and Investigations Subcommittee. In the 117th Congress, Congressman Barr also began serving on the House Foreign Affairs Committee, and serves on the Foreign Affairs Subcommittee on Asia, the Pacific, Central Asia and Nonproliferation. 

Rep. French Hill (R-AR)

French Hill is the 22nd Member of Congress to represent central Arkansas in the U.S. House of Representatives. Congressman Hill is a member of the U.S. House Committee on Financial Services where he serves as Ranking Member of the Subcommittee on National Security, International Development, and Monetary Policy. Prior to his congressional service, Rep. Hill was actively engaged in the Arkansas business community for two decades as a commercial banker and investment manager. Rep. Hill is the Ranking Member of the National Security, International Development, and Monetary Policy Subcommittee. Rep. Hill serves on the Congressional Oversight Commission established by the CARES Act

Rep. Kathleen Rice (D-NY)

Congresswoman Kathleen Rice represents New York's Fourth Congressional District. First elected to Congress in 2014, Congresswoman Rice has become a leading voice on national security issues as a member of the Homeland Security Committee. Rice is also a member of the House Committee on Energy and Commerce, the New Democrat Coalition, Democratic Women’s Caucus and House Whistleblower Protection Caucus. Rice served as District Attorney of Nassau County from 2006 to 2014. 

Rep. Marilyn Strickland (D-WA)

Congresswoman Marilyn Strickland proudly represents Washington’s 10th Congressional District, which covers Pierce County, Thurston County and parts of Mason County. As a Freshman Member of the U.S. House of Representatives, Congresswoman Strickland carries with her the experience of rebuilding an economy after an economic recession. Strickland serves as a Member of the House Committee on Transportation and Infrastructure in addition to the House Armed Services Committee. She is also a Member of the Congressional Black Caucus (CBC), the Congressional Asian Pacific American Caucus (CAPAC), the Bipartisan Historically Black Colleges and Universities (HBCU) Caucus, Democratic Women's Caucus, and the New Democrat Coalition.