A bill to terminate the EB-5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.
- Last Action
- 1/24/2017
Actions
- 2017-01-24Read twice and referred to the Committee on the Judiciary.
- 2017-01-24Introduced in Senate
CRS Summary
As of 2017-01-24 (00)
This bill amends the Immigration and Nationality Act to eliminate the EB-5 visa category.
The number of fiscal year immigrant visas available for the following employment categories is increased: (1) priority workers; (2) members of the professions with advanced degrees or persons of exceptional ability; (3) skilled workers, professionals, and certain unskilled workers; and (4) certain special immigrants.
The Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 is amended to terminate the EB-5 regional center pilot program.
The EB-5 visa provides lawful permanent residence to foreign nationals who invest (directly or through a regional center) a specified amount of capital in a new commercial enterprise in the United States and create at least 10 jobs.
Cosponsors (2)
- Charles Grassley (R-IA)
- Richard Durbin (D-IL)
Subjects
- Employee hiring
- Financial services and investments
- Foreign labor
- Visas and passports
Sourced from Congress.gov (public domain).
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