Text: S.232 — 115th Congress (2017-2018)All Bill Information (Except Text)

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Introduced in Senate (01/24/2017)


115th CONGRESS
1st Session
S. 232


To terminate the EB–5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.


IN THE SENATE OF THE UNITED STATES

January 24, 2017

Mrs. Feinstein (for herself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on the Judiciary


A BILL

To terminate the EB–5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.

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

SECTION 1. Termination of employment creation visa classification.

(a) In general.—Section 203(b)(5) of the Immigration and Nationality Act (8 U.S.C. 1153(b)(5)) is repealed.

(b) Reallocation to other employment-Based visa classifications.—Section 203(b) of such Act (8 U.S.C. 1153(b)) is amended—

(1) in paragraph (1), by striking “28.6 percent” and inserting “30.4 percent”;

(2) in paragraph (2), by striking “28.6 percent” and inserting “30.4 percent”;

(3) in paragraph (3), by striking “28.6 percent” and inserting “30.4 percent”; and

(4) in paragraph (4), by striking “7.1 percent” and inserting “8.8 percent”.

SEC. 2. Conforming amendments.

(a) Immigration and Nationality Act.—Title II of the Immigration and Nationality Act (8 U.S.C. 1151 et seq.) is amended—

(1) in section 202—

(A) in subsection (a)(5)(A), by striking “(4), or (5)” and insert “or (4)”; and

(B) in subsection (e)(3), by striking “through (5)” and inserting “through (4)”;

(2) in section 203(b)(1), in the matter preceding subparagraph (A), by striking “paragraphs (4) and (5)” and inserting “paragraph (4)”;

(3) in section 204(a)(1)—

(A) by striking subparagraph (H);

(B) by redesignating subparagraphs (I), (J), (K), and (L) as subparagraphs (H), (I), (J), and (K), respectively;

(C) in subparagraph (H), as redesignated, by moving clause (iv) 6 ems to the left; and

(D) by moving subparagraph (K), as redesignated, 4 ems to the left; and

(4) by striking section 216A (8 U.S.C. 1186b).

(b) Repeal of pilot immigration program.—Section 610 of the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 (Public Law 102–395) is repealed.