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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameUnited States Investment Advisory CouncilAgency NameDepartment of Commerce
Fiscal Year2018Committee Number2563
Original Establishment Date4/6/2016Committee StatusChartered
Actual Termination Date Committee URLhttp://trade.gov/iac/
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*20
Current Charter Date4/6/2018Designated Fed Officer Position Title*Program Analyst
Date Of Renewal Charter4/6/2020Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Anthony
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityDesignated Federal Officer Last Name*Diaz
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*Secretarial Decision MemorandumDesignated Federal Officer Phone*202-482-5729
Effective Date Of Authority*3/23/2015Designated Federal Officer Fax*
Committee Type*ContinuingDesignated Federal Officer Email*iac@trade.gov
Presidential*No
Committee Function*Other Committee
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*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.
How is membership balanced?*Considerations when making appointments will include the points of view of potential members, including representation of companies and organizations investing, seeking to invest, seeking foreign investors, or facilitating investment. Members will also be selected based on geographic diversity of the source and the destination of the FDI; diversity in size of company or organization to be represented; demographics; and diversity 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 IAC shall be broadly representative of key industries with interests in FDI.
How frequent & relevant are cmte mtgs?*Estimated to meet a minimum of two times a year
Why advice can't be obtained elsewhere?*The scope of work of existing advisory committees does not extend to inward investment promotion strategies and programs, there is an unmet need for consensus advice from key stakeholders in this area. Furthermore, specifically for the Department of Commerce, no other Commerce-administered committee has the necessary balance of viewpoints to provide the advice needed. Indeed, the eligibility requirements for representation on most existing ITA-administered advisory committees do not allow for representation of majority foreign-owned firms, U.S. subsidiaries of foreign-owned firms, and economic development organizations. The IAC would fill this gap, allowing U.S. entities which are majority-owned or controlled by foreign interests to participate. Their input is necessary to allow the United States Government to design and implement programs and policies to continue to successfully attract and retain investment from abroad. The consensus input of the stakeholders will be vital in formulating strategies to accomplish this goal.
Why close or partially close meetings?Not Applicable
Recommendation RemarksNot Applicable
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesYesAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherNo
Outcome Increased Customer SatisfactionYesAction CommentNot Applicable
Outcome Implement Laws/Reg RequirementsNoGrants Review*No
Outcome OtherNoNumber Of Grants Reviewed0
Outcome CommentNot ApplicableNumber Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentNot ApplicableGrants Review CommentNot Applicable
Number Of Recommendations*4Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentFY 17 - 4 letters of recommendation was submitted to the SecretaryAccess Agency WebsiteYes
% of Recs Fully Implemented*25.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentIncludes the Infrastructure Investment Symposium at the 2017 SelectUSA Investment Summit.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*33.00%Access PublicationsNo
% of Recs Partially Implemented CommentNot ApplicableAccess OtherNo
Agency Feedback*Not ApplicableAccess CommentNot Applicable
Agency Feedback CommentNot ApplicableNarrative Description*The IAC advises 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 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. IAC is the only major advisory committee dedicated to providing U.S government officials advice on FDI issues. Their expertise and input 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 helps to achieve the mission of ITA.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members*$0.00Est Payments to Non-Fed Members Next FY*$0.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$107,000.00Estimated Payments to Federal Staff*$107,000.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$0.00Est Travel Reimb Non-Fed Members nextFY*$0.00
Travel Reimb. For Federal Members*$0.00Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$0.00Est. Travel Reimb to Fed Staff Next FY*$0.00
Travel Reimb. For Consultants*$0.00Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$0.00Est. Other Costs Next FY*$0.00
Total Costs$107,000.00Est. Total Next FY*$107,000.00
Federal Staff Support (FTE)*0.80Est. Fed Staff Support Next FY*0.80
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found
Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

  
ActionCommittee System IDCommittee NameFiscal Year
 COM-001343United States Investment Advisory Council2017
 COM-002961United States Investment Advisory Council2016