To authorize the President to seek the recoupment of defense expenditures abroad and to authorize the use of expenditures recouped for domestic investment projects.
Invest in America Act - Encourages the President to enter into an agreement with each European member nation of the North Atlantic Treaty Organization (NATO) in which U.S. armed forces are stationed to provide for payment by such nation of at least one-half of the cost of maintaining U.S. troops there, including personnel compensation costs. Establishes in the Treasury the Invest in America Fund and requires deposits into the Fund in an amount equal to deposits received from NATO nations for the payment of such costs.
Authorizes the appropriation of Fund amounts for various general purposes. Provides for the expedited consideration, in the granting of funds from such appropriations, to State, county, or local areas experiencing a high level of unemployment due to the realignment or closure of a military installation or facility or the cancellation or curtailment of a major defense contract.
Referred to the House Committee on Public Works + Transportation.
Referred to the House Committee on Science, Space and Technology.
Referred to the Subcommittee on Economic Growth and Credit Formation.
Referred to the Subcommittee on Housing and Community Development.
Referred to the Subcommittee on Technology, Environment, and Aviation.
Referred to the Subcommittee on Energy.
Referred to the Subcommittee on Water Resources and Environment.
Referred to the Subcommittee on Surface Transportation.
Referred to the Subcommittee on Economic Development.
Referred to the Subcommittee on International Security, International Organizations and Human Rights.
Referred to the Subcommittee on Europe and the Middle East.
Referred to the Subcommittee on National Parks, Forests and Public Lands.
Executive Comment Requested from DOD.
Referred to the Subcommittee on Transportation and Hazardous Materials.
Referred to the Subcommittee on Energy and Power.
Referred to the Subcommittee on Health and the Environment.
Referred to the Subcommittee on Research and Technology.
Referred to the Subcommittee on Military Installations and Facilities.
Referred to the Subcommittee on Readiness.
Referred to the Subcommittee on Labor-Management Relations.
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