The "FIRM Commitment Tracking Oversight Board Act" establishes the Foreign Investment Review Authority (FIRA) to oversee and ensure compliance with foreign investment commitments made to the United States. FIRA, led by a board of directors, includes an Office of the Chief Ethics Officer and a Public Oversight Board to ensure transparency and accountability. Its core mission is to determine whether foreign countries fulfill their pledges to invest in the U.S. economy, focusing on investments that provide a net economic benefit and create quality jobs. The bill defines "covered foreign investment commitments" as those from trade agreements, in response to punitive trade measures, or via executive branch negotiations, with initial commitments deemed for countries like China, Japan, South Korea, and Taiwan. An investment provides a "net economic benefit" if it promotes domestic growth, creates well-compensated jobs with benefits, ensures union neutrality, and utilizes domestically-sourced materials. FIRA publicly tracks these commitments and the criteria for "quality jobs." Investors must notify FIRA of covered investments, providing ownership details and quarterly updates, with senior officials attesting to the investment's net economic benefit and ethics compliance. High-ranking government officials must also disclose any personal or family beneficiary interests in such investments, as non-compliance or material misstatements can result in significant civil penalties. FIRA reviews investments to determine if they are "covered" and "qualified," requiring them to provide a net economic benefit and comply with ethics rules. Investments are prohibited if linked to entities involved in forced labor, intellectual property violations, or if they confer personal financial benefits to U.S. officials. FIRA can require heightened review for investments from certain nations and may enter into mitigation agreements for those subject to trade orders. The Authority has the power to mediate new terms for non-qualified investments or to suspend or prohibit them entirely, with federal ethics and transparency laws applied to all involved parties. FIRA's determinations can be appealed both internally and to a U.S. District Court by various stakeholders. If a commitment remains unfulfilled after four years, the President is mandated to negotiate with the committing country, while FIRA maintains a public website detailing all reviewed investments and their status, and issues comprehensive annual and semiannual reports to Congress and the public.