H.R.5874 - American Entrepreneurship and Investment Act of 2012112th Congress (2011-2012)
|Sponsor:||Rep. Polis, Jared [D-CO-2] (Introduced 05/31/2012)|
|Committees:||House - Judiciary|
|Latest Action:||House - 06/05/2012 Referred to the Subcommittee on Immigration Policy and Enforcement. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5874 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (05/31/2012)
American Entrepreneurship and Investment Act of 2012 - Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor visa (EB-5) regional center program permanent, (2) establish a $2,500 regional center designation fee, and (3) increase visa set-asides for such program.
Amends the Immigration and Nationality Act regarding EB-5 provisions to: (1) establish a $2,500 premium processing fee, (2) establish in the Treasury the Immigrant Entrepreneur Regional Account Center, (3) permit concurrent filing for EB-5 petitions and status adjustment applications, (4) expand the definition of "targeted employment area" for purposes of visa set-asides, and (5) expand EB-5 eligibility to include investors who have completed investment agreements with a qualified venture capital operating company or with an "angel investor" (U.S. citizen- or permanent resident-owned entity or an entity that has made specified commercial enterprise investments).