The Council for the United States and Italy is a bi-national, private, non-profit organization founded in 1983 in Venice, with the establishment of the Board of Directors by the founding members (Gianni Agnelli and David Rockefeller among them).

The Council aims at fostering closer ties between the United States and Italy and - in a broader perspective - between the United States and Europe. The focus of its activities is economic and financial, besides an interest in social, political, and cultural issues.

Sergio Marchionne chaired the Council until his untimely death, July 25th 2018. Marco Tronchetti Provera, Executive Vice Chairman and CEO of Pirelli & C., and Sam Palmisano, former Chairman of IBM, serve as Honorary chairmen respectively.