H.R.6493 - Global Investments in America's Cities Act112th Congress (2011-2012)
|Sponsor:||Rep. Clarke, Hansen [D-MI-13] (Introduced 09/21/2012)|
|Committees:||House - Judiciary|
|Latest Action:||11/06/2012 Referred to the Subcommittee on Immigration Policy and Enforcement. (All Actions)|
This bill has the status Introduced
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Summary: H.R.6493 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (09/21/2012)
Global Investments in America's Cities Act - Amends the Immigration and Nationality Act to set aside at least 3,000 employment creation immigrant visas each fiscal year for qualified immigrants seeking to invest in a new commercial enterprise which will create employment in an economically distressed urban area and with respect to which such alien: (1) has invested at least $250,000; (2) has completed an investment agreement with a qualified venture capital operating company for an investment of at least $250,000; or (3) has completed an investment agreement with one or more angel investors for an investment of at least $250,000.
Requires petitions for such immigrant visas to be decided within 60 days.
Directs the Government Accountability Office (GAO) to report to Congress on the EB-5 visa program.