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Committee Detail

Note: An Annual Comprehensive Review, as required by §7 of the Federal Advisory Committee Act, is conducted each year on committee data entered for the previous fiscal year (referred to as the reporting year). The data for the reporting year is not considered verified until this review is complete and the data is moved to history for an agency/department. See the Data From Previous Years section at the bottom of this page for the committee’s historical, verified data.

Details on agency responses to committee recommendations can be found under the Performance Measures section for each committee in the fields “Agency Feedback” and “Agency Feedback Comment.”


DOC - 2563 - United States Investment Advisory Council - Agency Authority
Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameUnited States Investment Advisory CouncilAgency NameDepartment of Commerce
Fiscal Year2022Committee Number2563
Original Establishment Date4/6/2016Committee StatusChartered
Actual Termination Date Committee URLhttps://www.trade.gov/selectusa-investment-advi...
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*40
Current Charter Date4/6/2022Designated Fed Officer Position Title*DFO
Date Of Renewal Charter4/6/2024Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*Rachel
Exempt From Renewal*NoDesignated Federal Officer Middle Name
Specific Termination AuthorityDesignated Federal Officer Last Name*David
Establishment Authority*Agency AuthorityDesignated Federal Officer Suffix
Specific Establishment Authority*Secretarial Decision MemorandumDesignated Federal Officer Phone*(202) 302-6858
Effective Date Of Authority*3/23/2015Designated Federal Officer Fax*
Exempt From EO 13875 Discretionary CmteNot ApplicableDesignated Federal Officer Email*iac@trade.gov
Committee Type*Continuing
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 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 retain FDI; and recommend ways to support the United States remaining the world's preeminent destination for FDI. The IAC acts 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 are determined by the appointed members of the IAC.
How is membership balanced?*Considerations when making appointments 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 are also 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 RemarksCouncil held its final meeting (virtually) of existing membership on June 7, 2021 to deliver suggestions to the Secretary. No other meetings were held in FY 2021.
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 CommentCommittee presented its work to the new Secretary on June 7, 2021. There were no formal recommendations in FY21.Access Agency WebsiteYes
% of Recs Fully Implemented*25.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentN/AAccess GSA FACA WebsiteYes
% of Recs Partially Implemented*33.00%Access PublicationsNo
% of Recs Partially Implemented CommentNot ApplicableAccess OtherNo
Agency Feedback*YesAccess CommentNot Applicable
Agency Feedback Comment*The public can obtain information on agency feedback on the committee website. Any written comments provided by the public are shared with committee members and discussed, as needed.Narrative 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*$175,357.00Estimated Payments to Federal Staff*$175,357.00
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$2,419.38Est. Other Costs Next FY*$5,000.00
Total Costs$177,776.38Est. Total Next FY*$180,357.00
Date Cost Last Modified10/25/2022 5:04 PMEst. Fed Staff Support Next FY*0.75
Federal Staff Support (FTE)*0.75Est Cost RemarksThe estimated annual operating cost of the IAC is $175,357, which includes 0.75 full-time equivalents of staff support. Members of the IAC will not be compensated for their services or reimbursed for their travel expenses. The other costs section reflects the estimated costs (court reporter, meeting materials, and security) for two in-person meetings.
Cost RemarksThe operating costs of the IAC in FY22 was $175,357, which includes .75 full-time equivalents of staff support. The other costs section reflects the expenses for the in-person meeting in September 2022. Members of the IAC were not compensated for their services or reimbursed for their travel expenses.  
Hide Section - Interest Areas

Interest Areas

Category
Area
Business
Industry
Finance
Investment
Trade
Competitiveness
Exports and Imports
International Commerce and Investment
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 - SUBCOMMITTEES

SUBCOMMITTEES

Committee

Subcommittees

ActionCommittee System IDSubcommittee NameFiscal Year
 COM-035070Economic Competitiveness2022
 COM-035072SelectUSA 2.02022
 COM-035071Workforce2022
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-040208United States Investment Advisory Council2021
 COM-037994United States Investment Advisory Council2020
 COM-035911United States Investment Advisory Council2019
 COM-034311United States Investment Advisory Council2018
 COM-001343United States Investment Advisory Council2017
 COM-002961United States Investment Advisory Council2016