; (5) United States efforts to attract foreign direct investment should be consistent with efforts to maintain and improve the domestic standard of living; and (6) as digital information becomes increasingly important to the United States economy and the development of new technologies and services that will be crucial to the country’s competitiveness in the 21st century global economy, barriers such as data localism and infringement of intellectual property rights must be addressed. 3. Foreign direct investment review (a) Review The Secretary of Commerce, in coordination with the Federal Interagency Investment Working Group and the heads of other relevant Federal departments and agencies, shall conduct an interagency review of the global competitiveness of the United States in attracting foreign direct and addressing key foreign trade barriers that firms in advanced technology sectors face in the global digital economy. (b) Specific matters To be included The review conducted pursuant to subsection (a) shall include a review of— (1) the current economic impact of foreign direct investment in the United States, with particular focus on manufacturing, services, research and development, trade (with an emphasis on digital trade), and jobs; (2) trends in global cross-border investment and data flows and the underlying factors for such trends; (3) Federal Government policies that are closely linked to the ability of the United States to attract and retain foreign direct investment; (4) foreign direct investment as compared to direct investment by domestic entities; (5) foreign direct investment that takes the form of greenfield investment as compared to foreign direct investment reflecting merger and acquisition activity; (6) the unique challenges posed by foreign direct investment, particularly acquisitions, by state-owned or state-backed enterprises, especially from state-directed economies