Amends the International Investment Survey Act of 1976 to require benchmark surveys of foreign direct investment in the United States covering calendar years 1980, 1987, and every fifth calendar year thereafter. Requires benchmark surveys of U.S. direct investment abroad covering calendar years 1982, 1989, and every fifth calendar year thereafter. Requires an annual compilation of currently available data on U.S. portfolio investment abroad.
Directs the Secretary of Commerce to report on the estimated cost of compiling data on legislation enacted by major U.S. trading partners and other foreign nations which regulates foreign inward investment in such nations. Deletes the requirement that the President report to Congress on any studies conducted pursuant to such Act. Authorizes appropriations to carry out such Act.