FACACLASSIC

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

GENERAL INFORMATION

Committee Name	United States Investment Advisory Council	Agency Name	Department of Commerce
Fiscal Year	2025	Committee Number	2563
Original Establishment Date	4/6/2016	Committee Status	Terminated
Actual Termination Date	2/28/2025	Committee URL	https://www.trade.gov/selectusa-investment-advi...
Actual Merged Date		Presidential Appointments*	No
New Committee This FY	No	Max Number of Members*	40
Terminated This FY	Yes	Designated Fed Officer Position Title*	DFO
Merged This FY		Designated Federal Officer Prefix
Current Charter Date	4/1/2024	Designated Federal Officer First Name*	Rachel
Date Of Renewal Charter	4/1/2026	Designated Federal Officer Middle Name
Projected Termination Date		Designated Federal Officer Last Name*	David
Exempt From Renewal*	No	Designated Federal Officer Suffix
Specific Termination Authority		Designated Federal Officer Phone*	(202) 302-6858
Establishment Authority*	Agency Authority	Designated Federal Officer Fax*
Specific Establishment Authority*	Secretarial Decision Memorandum	Designated Federal Officer Email*	iac@trade.gov
Effective Date Of Authority*	3/23/2015
Exempt From EO 13875 Discretionary Cmte	Not Applicable
Committee Type*	Continuing
Presidential*	No
Committee Function*	Other Committee

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*	Terminate
Legislation to Terminate Required	No
Legislation Status	Not Applicable
How does cmte accomplish its purpose?*	The committee solicited private sector advice on the promotion and retention of foreign direct investment (FDI) to the United States. The Investment Advisory Council (IAC) advised the Secretary of Commerce on U.S. government policies and programs that affected FDI; identified and recommended programs and policies to help the United States attract and retain FDI; and recommended ways to support the United States remaining the world's preeminent destination for FDI. The IAC acted as a liaison among the stakeholders represented by the membership and provided a forum for the stakeholders on current and emerging issues regarding FDI. Specific priorities and recommendations were determined by the appointed members of the IAC.
How is membership balanced?*	The committee sought membership balance by considering a number of factors when making appointments, including the points of view of potential members, such as representation of companies and organizations investing, seeking to invest, seeking foreign investors, or facilitating investment. Members were 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 was 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 was broadly representative of key industries with interests in FDI.
How frequent & relevant are cmte mtgs?*	The committee sought to hold a minimum of two meetings a year, including a virtual or hybrid option to allow for greater participation.
Why advice can't be obtained elsewhere?*	The scope of work of existing advisory committees did not extend to inward investment promotion strategies and programs, there was an unmet need for consensus advice from key stakeholders in this area. Furthermore, specifically for the Department of Commerce, no other Commerce-administered committee had the necessary balance of viewpoints to provide the advice needed. Indeed, the eligibility requirements for representation on most existing ITA-administered advisory committees did not allow for representation of majority foreign-owned firms, U.S. subsidiaries of foreign-owned firms, and economic development organizations. The IAC filled this gap, allowing U.S. entities which were majority-owned or controlled by foreign interests to participate. Their input was 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 was vital in formulating strategies to accomplish this goal.
Why close or partially close meetings?	Not Applicable
Recommendation Remarks	The IAC advised the Secretary on matters relating to the promotion and retention of foreign direct investment (FDI) in the United States. Recommendations were made on a rolling basis. Nine were received and submitted to the Secretary FY 2025. Per EO 14217, the Secretary of Commerce has determined that the purposes for which the IAC was established have been fulfilled, and the committee has been terminated effective February 28, 2025.

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*	No	Action Reorganize Priorities*	No
Outcome Trust In Government	Yes	Action Reallocate Resources	No
Outcome Major Policy Changes	Yes	Action Issued New Regulations	No
Outcome Advance In Scientific Research	No	Action Proposed Legislation	No
Outcome Effective Grant Making	No	Action Approved Grants Or Other Payments	No
Outcome Improved Service Delivery	No	Action Other	No
Outcome Increased Customer Satisfaction	Yes	Action Comment	Not Applicable
Outcome Implement Laws/Reg Requirements	No	Grants Review*	No
Outcome Other	No	Number Of Grants Reviewed	0
Outcome Comment	Not Applicable	Number Of Grants Recommended	0
Cost Savings*	Unable to Determine	Dollar Value Of Grants Recommended	$0.00
Cost Savings Comment	Not Applicable	Grants Review Comment	Not Applicable
Number Of Recommendations*	21	Access Contact Designated Fed. Officer*	Yes
Number Of Recommendations Comment	No meetings were held in FY2025.	Access Agency Website	Yes
% of Recs Fully Implemented*	22.00%	Access Committee Website	Yes
% of Recs Fully Implemented Comment	Two of nine were implemented fully. The rest were partially implemented, was being reviewed or out of scope of the Commerce Department.	Access GSA FACA Website	Yes
% of Recs Partially Implemented*	33.00%	Access Publications	No
% of Recs Partially Implemented Comment	Three of nine had partial implementation plans.	Access Other	No
Agency Feedback*	Yes	Access Comment	Not Applicable
Agency Feedback Comment*	Feedback was provided during the full/public Council meetings.	Narrative Description*	The IAC advised the Secretary of Commerce on U.S. government policies and programs that affected FDI; identified and recommended programs and policies to help the United States attract and among the stakeholders represented by the membership and provided a forum for the stakeholders on current and emerging issues regarding FDI. Specific priorities and recommendations were determined by the appointed members of the IAC. IAC was the only major advisory committee dedicated to providing U.S government officials advice on FDI issues. Their expertise and input retained FDI; and recommended ways to support the United States remaining the world's preeminent destination for FDI. The IAC acted as a liaison helps to achieve the mission of ITA.

COSTS

1. Payments to Non-Federal Members*	$0.00	1. Est Paymnts to Non-Fed Membrs Nxt FY*	$0.00
2. Payments to Federal Members*	$0.00	2. Est. Payments to Fed Members Next FY*	$0.00
3. Payments to Federal Staff*	$0.00	3. Estimated Payments to Federal Staff*	$0.00
4. Payments to Consultants*	$0.00	4. Est. Payments to Consultants Next FY*	$0.00
5. Travel Reimb. For Non-Federal Membrs*	$0.00	5. Est Travel Reimb Non-Fed Membr nxtFY*	$0.00
6. Travel Reimb. For Federal Members*	$0.00	6. Est Travel Reimb For Fed Members*	$0.00
7. Travel Reimb. For Federal Staff*	$0.00	7. Est. Travel Reimb to Fed Staf Nxt FY*	$0.00
8. Travel Reimb. For Consultants*	$0.00	8. Est Travel Reimb to Consltnts Nxt FY*	$0.00
10. Other Costs	$0.00	10. Est. Other Costs Next FY*	$0.00
11. Total Costs	$0.00	11. Est. Total Next FY*	$0.00
Date Cost Last Modified	3/21/2025 6:29 AM	Est. Fed Staff Support Next FY*	0.00
Federal Staff Support (FTE)*	0.00	Est Cost Remarks	The committee was terminated on February 28, 22025.
Cost Remarks	FY2025 USIAC did not hold any meetings. The committee was terminated on February 28, 22025.

Interest Areas

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

Custom Links

Committee Level Reports