S.232 - A bill to terminate the EB-5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.115th Congress (2017-2018)
|Sponsor:||Sen. Feinstein, Dianne [D-CA] (Introduced 01/24/2017)|
|Committees:||Senate - Judiciary|
|Latest Action:||Senate - 01/24/2017 Read twice and referred to the Committee on the Judiciary. (All Actions)|
This bill has the status Introduced
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Summary: S.232 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (01/24/2017)
This bill amends the Immigration and Nationality Act to eliminate the EB-5 visa category.
The number of fiscal year immigrant visas available for the following employment categories is increased: (1) priority workers; (2) members of the professions with advanced degrees or persons of exceptional ability; (3) skilled workers, professionals, and certain unskilled workers; and (4) certain special immigrants.
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.