H.R. 5248: Producing Returns and Opportunity for Investment and Trade Act of 2026
The "Producing Returns and Opportunity for Investment and Trade Act of 2026" is designed to strengthen the economic position of the United States in the global market by establishing a new role within the State Department. This bill creates the position of Under Secretary of State for Economic Growth, Energy, and the Environment, who will be responsible for overseeing economic policies, managing sanctions, and engaging in international diplomatic efforts aimed at promoting U.S. trade and investment overseas. The emphasis is placed on integrating economic security with national security, highlighting that U.S. economic interests are a critical component of the country's overall security.
Key Provisions of the Bill
- Creation of New Position: The Under Secretary of State for Economic Growth, Energy, and the Environment will lead initiatives focused on fostering international trade and investment.
- Focus on Economic Security: The bill reflects the idea that the economy plays a vital role in national security, prompting a strategic approach to international economic engagement.
- Support for Energy Diplomacy: The bill amends existing energy legislation, permitting the Secretary of Energy to deploy energy advisors to U.S. embassies and diplomatic missions, enhancing cooperation in energy matters abroad.
Goals of the Bill
The overarching goal is to boost U.S. competitiveness in global markets by streamlining economic policy initiatives and enhancing the diplomats' capacity to promote trade and investment. This includes:
- Improving collaboration between different governmental departments in economic activities.
- Fostering a better understanding of energy policies worldwide through specialized advisors.
- Encouraging investment opportunities that align with U.S. interests, particularly in strategic sectors.
Impact on U.S. Trade and Investment
This legislation aims to create a more structured and strategic approach to U.S. international trade and investment policies, ensuring that they are focused on achieving advantageous outcomes for the country. By integrating economic goals with diplomatic efforts, the bill seeks to open new markets for American businesses and enhance the attractiveness of investments in the U.S.
Relevant Companies
- FDX (FedEx Corporation): As a global logistics and delivery service company, FedEx could benefit from increased trade and investment, potentially seeing growth in shipping volumes due to enhanced U.S. exports.
- XOM (Exxon Mobil Corporation): With the added emphasis on energy diplomacy, Exxon may find new opportunities in international markets for energy resources and partnerships.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
3 bill sponsors
Actions
12 actions
| Date | Action |
|---|---|
| Jun. 09, 2026 | Received in the Senate and Read twice and referred to the Committee on Foreign Relations. |
| Jun. 08, 2026 | Considered under suspension of the rules. (consideration: CR H3970-3974) |
| Jun. 08, 2026 | DEBATE - The House proceeded with forty minutes of debate on H.R. 5248. |
| Jun. 08, 2026 | Motion to reconsider laid on the table Agreed to without objection. |
| Jun. 08, 2026 | Mr. Mast moved to suspend the rules and pass the bill, as amended. |
| Jun. 08, 2026 | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974) |
| Jun. 08, 2026 | Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3970-3974) |
| Sep. 18, 2025 | Committee Consideration and Mark-up Session Held |
| Sep. 18, 2025 | Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 22. |
| Sep. 17, 2025 | Committee Consideration and Mark-up Session Held |
| Sep. 10, 2025 | Introduced in House |
| Sep. 10, 2025 | Referred to the House Committee on Foreign Affairs. |
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