Text: H.R.1502 — 115th Congress (2017-2018)All Bill Information (Except Text)

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Introduced in House (03/10/2017)


115th CONGRESS
1st Session
H. R. 1502


To terminate the EB–5 program.


IN THE HOUSE OF REPRESENTATIVES

March 10, 2017

Mr. King of Iowa (for himself and Mr. Gohmert) introduced the following bill; which was referred to the Committee on the Judiciary


A BILL

To terminate the EB–5 program.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Termination of EB–5 program.

(a) Repeal of provisions.—Effective on the date of the enactment of this Act, the following provisions are repealed:

(1) Section 203(b)(5) of the Immigration and Nationality Act (8 U.S.C. 1153(b)(5)).

(2) Section 204(a)(1)(H) of the Immigration and Nationality Act (8 U.S.C. 1154(a)(1)(H)).

(3) Section 216A of the Immigration and Nationality Act (8 U.S.C. 1186b).

(4) Section 610 of the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 (8 U.S.C. 1153 note).

(b) Applicability.—Beginning on the date of the enactment of this Act, the Secretary of Homeland Security—

(1) shall cease to accept petitions and applications under any authority repealed under subsection (a); and

(2) shall dismiss all pending petitions and applications described in paragraph (1).