Commerce Department’s New Investment Advisory Council Seeks Membership Applicants

Earlier this month, the Department of Commerce established the United States Investment Advisory Council (IAC). This council will serve as a key conduit for stakeholder input on how best to support U.S. economic growth through the attraction and retention of foreign direct investment (FDI).

This Council will consist of no more than 20 members appointed by the Secretary of Commerce. Each IAC member will serve for a two-year period and the Council will convene twice a year. The mission of the IAC is simple but important for job creation in the United States. 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 Investment Advisory Council is actively seeking candidates through May 10, 2016 who are U.S. nationals from eligible organizations 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 with business that includes FDI-related activities or the facilitation of FDI; and
• Economic development organizations and other U.S. governmental and non-governmental organizations and associations with missions or activities that include the promotion or facilitation of FDI.

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The Investment Advisory Council (IAC) is a new advisory council established by the Secretary of Commerce to solicit private sector advice on the promotion and retention of foreign direct investment (FDI) to the United States.  The IAC shall advise the Secretary of Commerce 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 United States remaining the world's preeminent destination for FDI. The IAC shall act as a liaison among the stakeholders represented by the membership and shall provide a forum for the stakeholders on current and emerging issues regarding FDI. Specific priorities and recommendations will be determined by the appointed members of the IAC. 

​For full membership criteria and application details, please review the Federal Register notice announcing the opportunity to apply.

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