H.R.1502 - To terminate the EB-5 program.115th Congress (2017-2018) |
|Sponsor:||Rep. King, Steve [R-IA-4] (Introduced 03/10/2017)|
|Committees:||House - Judiciary|
|Latest Action:||House - 03/31/2017 Referred to the Subcommittee on Immigration and Border Security. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.1502 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/10/2017)
This bill amends the Immigration and Nationality Act to eliminate the EB-5 visa category.
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.