Summary: H.R.3692 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.3692. Bill summaries are authored by CRS.

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Introduced in House (12/15/2011)

Immigration and Naturalization Investment Ventures for Engineering, Science, and Technology in America Act of 2011 or INVEST in America Act - Amends the Immigration and Nationality Act to provide conditional permanent resident status for an alien entrepreneur (and spouse and children) who: (1) is in the process of completing, or has completed, a graduate level degree in science, technology, engineering, math or a related academic discipline from an accredited U.S. institute of higher education; (2) establishes a new commercial enterprise related to such study that meets specified employment and wage requirements; and (3) is admissible as an immigrant.

Directs the Secretary of Homeland Security (DHS) to terminate such alien's status for fraud or failure to meet status requirements during the 60-month period after obtaining such status.

Directs the Secretary of Homeland Security, the Secretary of Commerce, and the Secretary of Education to submit a recruitment, retainment, and investment strategic plan to Congress to attract skilled and talented foreign nationals to immigrate to the United States to create jobs and grow the economy.