Thwarting Regional Adversary Investments Now Act

Scott Fitzgerald

Republican · WI · Representative

Source: Congress.gov · FEC

• Zachary Nunn (R-IA-3)Original· 2026-06-02

Referred to the House Committee on Foreign Affairs.

2026-06-02

Source: Congress.gov

The legislation would restrict U.S. investments in countries considered regional adversaries, likely requiring the government to block or limit American companies and investors from putting money into certain nations' economies. This could affect multinational corporations, investment firms, and pension funds that currently have financial interests in those countries. The bill aims to use economic pressure as a foreign policy tool to counter the influence of adversarial nations.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9092 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9092 To direct the Secretary of State to make available to government officials of nonadversarial countries in South and Central Asia training in analyzing, assessing, and mitigating any risk of accepting investment or lending from China, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 2, 2026 Mr. Fitzgerald (for himself and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Foreign Affairs _______________________________________________________________________ A BILL To direct the Secretary of State to make available to government officials of nonadversarial countries in South and Central Asia training in analyzing, assessing, and mitigating any risk of accepting investment or lending from China, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Thwarting Regional Adversary Investments Now Act'' or the ``TRAIN Act''. SEC. 2. FINDINGS. Congress finds the following: (1) In 2015, Chinese President Xi Jinping issued an official outline of the principles, framework, priorities, and cooperation mechanisms of the Belt and Road Initiative (referred to in this section as the ``BRI''). (2) Since its inception, more than 150 countries and 32 international organizations have signed BRI cooperation documents with China, including 53 countries in sub-Saharan Africa, 34 countries in Europe and Central Asia, and 24 countries in East Asia and the Pacific. (3) Many developing countries do not possess the legal, technological, or intelligence capabilities necessary to properly evaluate the national security, debt sustainability, and other risks posed by related agreements with Chinese entities or the Chinese Government. (4) Due to the expanding investments by foreign adversaries in the economic and infrastructure sectors of allied and partner countries, the United States should provide technical training, assistance, and support to evaluate the risks these investments pose, and provide a formal review of the future impact these investments would have, on partner economies. SEC. 3. DEPARTMENT OF STATE TRAINING FOR FOREIGN GOVERNMENT OFFICIALS. (a) In General.--Not later than 1 year after the date of enactment of this Act, the Secretary of State (referred to in this section as the ``Secretary''), acting through the Bureau of South and Central Asian Affairs and in coordination with the Office of Foreign Assistance, shall make available to appropriate government officials of nonadversarial countries in South and Central Asia training in analyzing, assessing, and mitigating any legal or financial risk of accepting investment or lending from a foreign adversary that is in the region. (b) Report.-- (1) Requirement and elements.--Beginning not later than 2 years after the date of enactment of this Act and on an annual basis thereafter, the Secretary shall submit to the appropriate congressional committees a report that includes-- (A) an overview of the training provided under subsection (a) during the prior fiscal year; and (B) an overview of each lending or legal agreement entered into during the prior fiscal year between a nonadversarial country in South and Central Asia and a foreign adversary that is in the region, including an analysis of any risk posed to the United States by such agreement. (2) Form.--Each report required under paragraph (1) shall be submitted in unclassified form but may include a classified annex. (c) Consultation.--In carrying out the requirements of subsections (a) and (b), the Secretary shall consult with-- (1) the Chief Executive Officer of the United States International Development Finance Corporation; (2) the Committee on Foreign Investment in the…

United States; (3) the United States Trade Representative; (4) the President of the Export-Import Bank of the United States; (5) the Administrator of the Bureau of Humanitarian Assistance of the Department of State; and (6) the heads of other appropriate Federal agencies. (d) Definitions.--In this section: (1) The term ``appropriate congressional committees'' means-- (A) the Committee on Financial Services of the House of Representatives; (B) the Committee on Foreign Affairs of the House of Representatives; (C) the Committee on Banking, Housing, and Urban Affairs of the Senate; and (D) the Committee on Foreign Relations of the Senate. (2) The term ``foreign adversary'' means a foreign government or individual engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or its allies or to the security and safety of United States citizens. (3) The term ``nonadversarial country'' means a country that is not engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or its allies or to the security and safety of United States citizens. (e) In General.--Not later than 1 year after the date of enactment of this Act, the Secretary of State (referred to in this section as the ``Secretary''), acting through the Bureau of South and Central Asian Affairs and in coordination with the Office of Foreign Assistance, shall make available to appropriate government officials of nonadversarial countries in South and Central Asia training in analyzing, assessing, and mitigating any legal or financial risk of accepting investment or lending from a foreign adversary that is in the region. <all>

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