Taxation

No Tax Write-offs for Corporate Wrongdoers Act

United States · United States Congress · 11 April 2019

No Tax Write-offs for Corporate Wrongdoers Act This bill denies a tax deduction for any amount paid or incurred for punitive damages in connection with any judgment in, or settlement of, any legal action. The bill also requires the gross income of a taxpayer to include any amount paid to or on behalf of the taxpayer as insurance or otherwise by reason of the taxpayer's liability (or agreement) to pay punitive damages.

Veterinary Medicine Loan Repayment Program Enhancement Act

United States · United States Congress · 11 April 2019

Veterinary Medicine Loan Repayment Program Enhancement Act This bill modifies the requirements for calculating taxable income to exclude from gross income payments under the federal veterinary medicine loan repayment program or any state loan repayment or forgiveness program that is intended to provide for increased access to veterinary services in such state.

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

United States · United States Congress · 11 April 2019

This bill makes permanent several tax provisions that were enacted in 2017 and are scheduled to expire at the end of 2025. The bill makes permanent provisions that reduce individual tax rates, modify the taxation of the unearned income of children, allow a deduction for qualified business income of pass-through entities, increase the standard deduction, increase and modify the child tax credit, increase the limitation for certain charitable contributions, allow additional contributions to ABLE accounts (tax-favored accounts designed to enable individuals with disabilities to save for and pay for disability-related expenses), allow certain members of the Armed Forces in the Sinai Peninsula of Egypt to receive combat zone tax benefits, reduce the adjusted gross income threshold for the medical expense deduction, exclude from gross income discharges of student loan debt due to the death or disability of the student, repeal the deduction for personal exemptions, limit individual deductions for state and local taxes, limit the mortgage interest deduction, double the estate and gift tax exemption amount, increase the alternative minimum tax exemption amount for individuals, and repeal or limit several other deductions and exclusions. The bill also modifies (1) the capital gains tax brackets, and (2) the tax filing requirements for married taxpayers.

Child Tax Credit for Pregnant Moms Act of 2019

United States · United States Congress · 11 April 2019

Child Tax Credit for Pregnant Moms Act of 2019 This bill expands the child tax credit to allow a credit for an unborn child. The bill defines an "unborn child" as a member of the species homo sapiens, at any stage of development, who is carried in the womb. The credit may be claimed for the year immediately preceding the year of the child's birth, if the child is born alive on or before the due date for tax returns for the year. In certain cases in which a child is not taken into account for the credit for the year immediately preceding the year of the child's birth, the bill doubles the amount of the credit allowed for the year of the birth.

Main Street Tax Certainty Act

United States · United States Congress · 11 April 2019

Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.)

Supporting Caregivers Act

United States · United States Congress · 11 April 2019

Supporting Caregivers Act This bill reauthorizes through FY2024, and revises, programs and activities that support family caregivers of older adults. Among other changes, the Administration on Aging must disseminate best practices and award grants to states, institutes of higher education, and other organizations to conduct activities of national significance to promote quality and continuous improvement of services and other supports provided to caregivers. The bill also increases the cap on the amount of funds that a state may use to provide support services to older relative caregivers. In addition, individual area agencies on aging may exceed the cap, provided that there is a demonstrated need for the services and state spending overall remains at or below the cap for the fiscal year.

SMART Act

United States · United States Congress · 11 April 2019

Simplified, Manageable, And Responsible Tax Act or the SMART Act This bill replaces the marginal income tax rates in the Internal Revenue Code with a single rate of 17% on individual taxable income. The bill redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. It also increases the basic standard deduction, includes an additional standard deduction for dependents, and includes the taxable income of each dependent child under the age of 14 in an individual's taxable income. The bill revises the tax on corporations to (1) replace it with a tax on every person engaged in a business activity equal to 17% of the business taxable income of such person; and (2) make the person engaged in the business activity liable for the tax, whether or not such person is an individual, a partnership, or a corporation. The bill imposes on employers a 17% tax on the value of excludable compensation provided during the year to employees. With respect to pension rules, the bill (1) repeals rules relating to non-discrimination, contribution limits, and restrictions on distributions; and (2) revises rules relating to transfers of excess pension assets. The bill also repeals the alternative minimum tax; all income tax credits; estate, gift, and generation-skipping transfer taxes; and income tax provisions, except certain provisions relating to retirement distributions and tax-exempt organizations. The bill prohibits Congress from considering legislation to make specified changes to tax policy unless Congress waives or suspends the prohibition with a three-fifths vote.

Energy Storage Tax Incentive and Deployment Act of 2019

United States · United States Congress · 11 April 2019

Energy Storage Tax Incentive and Deployment Act of 201 9 This bill allows tax credits for (1) energy storage technologies, and (2) battery storage technology. The bill expands the tax credit for investments in energy property to include equipment that (1) receives, stores, and delivers energy using batteries, compressed air, pumped hydropower, hydrogen storage (including hydrolysis), thermal energy storage, regenerative fuel cells, flywheels, capacitors, superconducting magnets, or other technologies identified by the Internal Revenue Service; and (2) has a capacity of at least five kilowatt hours. The bill also expands the tax credit for residential energy efficient property to include expenditures for battery storage technology that (1) is installed on or in connection with a dwelling unit located in the United States and used as a residence by the taxpayer, and (2) has a capacity of at least three kilowatt hours.

Motorsports Fairness and Permanency Act of 2019

United States · United States Congress · 11 April 2019

Motorsports Fairness and Permanency Act of 2019 This bill modifies the requirements for calculating taxable income to make permanent the accelerated depreciation (seven-year recovery period) of motorsports entertainment complexes.

REVIEW OF THE FISCAL YEAR 2020 STATE DEPARTMENT BUDGET REQUEST

United States · United States Senate · 10 April 2019

COMMERCE, JUSTICE, SCIENCE, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 10 April 2019

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 10 April 2019

[H.A.S.C. No. 116-32] The Fiscal Year 2020 National Defense Authorization Budget Request For The Department Of The Navy

United States · United States House of Representatives · 10 April 2019

LEGISLATIVE BRANCH APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 10 April 2019

ENERGY AND WATER DEVELOPMENT APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 10 April 2019

RAISE Act

United States · United States Congress · 10 April 2019

Reforming American Immigration for a Strong Economy Act or the RAISE Act This bill eliminates the diversity visa program, replaces employment-based immigration programs with a points-based system, and imposes various limits on various types of immigration. Aliens that reach the minimum number of points may apply for a points-based visa. Points are awarded for various characteristics including age, English language proficiency, education level, and investments made in the United States. The U.S. Citizenship and Immigration Services shall periodically invite the highest scoring applicants to petition for visas. The bill limits eliminates various preference allocations (visa categories subject to various annual caps) for family-sponsored immigrant visas, such as those for the adult children of U.S. citizens. Only the spouses and children of U.S. citizens shall qualify as immediate relatives , whereas currently parents also qualify (visas for immediate relatives are not subject to direct numerical caps). The bill creates a nonimmigrant visa for such alien parents. The bill reduces the baseline annual cap for family-sponsored visas from 480,000 to 88,000 and revises the methods for calculating the cap. It also imposes a limit of 50,000 refugees admitted in any fiscal year. An alien who received needs-based public benefits shall not be naturalized as a U.S. citizen until the individual who signed the affidavit of support for the alien has reimbursed the federal government for such benefits. The bill imposes various reporting requirements related to the points-based system.

Wild Game Donation Act of 2019

United States · United States Congress · 10 April 2019

Wild Game Donation Act of 2019 This bill modifies the tax treatment of donations of wild game meat to (1) increase the tax deduction for charitable contributions of qualified wild game meat by the processing fees paid with respect to such contributions, and (2) exclude from the gross income of meat processors processing fees paid by a charitable organization for the processing of donated wild game meat. "Qualified wild game meat" is the meat of any animal typically used for human consumption, but only if (1) such animal is killed in the wild by the individual making the charitable contribution and is hunted or taken in accordance with all state and local laws, (2) the meat is processed for human consumption by a licensed processor, and (3) the meat is apparently wholesome as determined by regulations under the Bill Emerson Good Samaritan Food Donation Act.

Disaster Tax Relief Act of 2019

United States · United States Congress · 10 April 2019

Disaster Tax Relief Act of 2019 This bill allows various tax credits, tax deductions, and modifications to existing rules for individuals and businesses affected by federally declared disasters that occurred after December 31, 2018, and before April 15, 2019. With respect to individuals and businesses in the affected areas, the bill waives the 10% additional tax on certain early distributions from retirement plans, permits individuals to recontribute funds to retirement plans if the funds were distributed for a home purchase that was cancelled on account of a disaster, increases the limit and extends the repayment deadline for loans from retirement plans, allows an employee retention tax credit for employers affected by disasters, temporarily increases the limitation on tax deductions for charitable contributions for relief efforts in disaster areas, modifies the rules for the deduction for personal casualty losses, and allows taxpayers residing in disaster areas to use earned income from the immediately preceding year for the purpose of determining earned income for the earned income tax credit and the child tax credit.

Tax Fairness for All Families Act of 2019

United States · United States Congress · 10 April 2019

Tax Fairness for All Families Act of 201 9 This bill modifies the earned income tax credit to provide increased credit percentages for taxpayers with more than three qualifying children.

Tax Equity Act of 2019

United States · United States Congress · 10 April 2019

Tax Equity Act of 201 9 This bill provides for regional cost-of-living adjustments in individual income tax rates. The bill also directs the Department of Labor to determine and publish a cost-of-living index for each statistical area for 2019 and each calendar year thereafter. A "statistical area" is (1) any metropolitan statistical area as defined by the Department of Commerce, and (2) the portion of any state not within a metropolitan statistical area.

Territory Health Insurance Tax Relief Act of 2019

United States · United States Congress · 10 April 2019

Territory Health Insurance Tax Relief Act of 2019 This bill lowers the annual fee on health insurers that collect premiums from residents in U.S. territories. The annual fee for a health insurer is currently calculated based on the insurer's share of total premiums from the preceding calendar year. The bill excludes premiums paid by residents of U.S. territories from a health insurer's net premiums but still includes the premiums of such residents in the determination of total premiums from the preceding year, thereby lowering the fee for these insurers. Under current law, the fee is suspended for 2019 (i.e., there is no fee based on premiums from 2018).

HELLPP Act

United States · United States Congress · 10 April 2019

Helping Ensure Life- and Limb-Saving Access to Podiatric Physicians Act or the HELLPP Act This bill adds podiatrists as covered physicians under the Medicaid program. Additionally, the bill revises certain documentation requirements related to Medicare coverage of therapeutic shoes for individuals with diabetes. Finally, the bill subjects payments made to a Medicaid provider or supplier to a continuing levy for federal taxes owed by the provider or supplier.

Jonny Wade Pediatric Cancer Research Act

United States · United States Congress · 10 April 2019

Jonny Wade Pediatric Cancer Research Act This bill terminates (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The Department of the Treasury must transfer the funds remaining in the Presidential Election Campaign Fund to the 10-Year Pediatric Research Initiative Fund. The National Institutes of Health (NIH) must prioritize certain pediatric research that does not replicate existing NIH research activities.

Child Tax Credit for Pregnant Moms Act of 2019

United States · United States Congress · 10 April 2019

Child Tax Credit for Pregnant Moms Act of 2019 This bill expands the child tax credit to allow a credit for an unborn child. The bill defines an "unborn child" as a member of the species homo sapiens, at any stage of development, who is carried in the womb. The credit may be claimed for the year immediately preceding the year of the child's birth, if the child is born alive on or before the due date for tax returns for the year. In certain cases in which a child is not taken into account for the credit for the year immediately preceding the year of the child's birth, the bill doubles the amount of the credit allowed for the year of the birth.

Relocation Expense Parity Act

United States · United States Congress · 10 April 2019

Relocation Expense Parity Act This bill authorizes an agency to reimburse federal, state, and local income taxes incurred by an individual for travel, transportation, or relocation expenses.

Promotion and Expansion of Private Employee Ownership Act of 2019

United States · United States Congress · 10 April 2019

Promotion and Expansion of Private Employee Ownership Act of 201 9 This bill expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations. The bill provides additional tax incentives for ESOPs by (1) extending to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP; and (2) allowing a tax deduction for 50% of the interest received by a bank on loans to S corporation-sponsored ESOPs for the purchase of employer securities. The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The bill defines an "ESOP business concern" and allows such a concern to continue to qualify as a small business for the purposes of programs under the Small Business Act. An "ESOP business concern" is a business concern that was a small business concern eligible for a loan, preference, or other program under the Small Business Act before more than 49% of the business concern was acquired by an ESOP.

Driving America Forward Act

United States · United States Congress · 10 April 2019

Driving America Forward Act This bill expands the tax credit for new plug-in electric drive motor vehicles and extends the tax credit for new fuel cell motor vehicles. (Under current law, taxpayers who purchase a qualified plug-in electric drive motor vehicle are eligible for a tax credit of up to $7,500, which begins to phase out once a manufacturer sells 200,000 qualified vehicles.) The bill allows an additional 400,000 vehicles per manufacturer to be eligible for a credit of up to $7,000 before the credit begins to phase out. The bill also extends the tax credit for fuel cell motor vehicles through 2028. (Under current law, the credit expired after 2017.)

To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones.

United States · United States Congress · 10 April 2019

This bill extends the period for the designation of empowerment zones and reinstates the tax credit for holders of qualified zone academy bonds. An empowerment zone is an economically distressed community eligible for various tax incentives and grants from the federal government to promote investment in the community. The bill reinstates and expands the tax credit for holders of qualified zone academy bonds. A qualified zone academy bond is a tax-exempt bond that may be issued to rehabilitate or repair a public school facility, to provide equipment and develop course material, and train teachers and other school personnel.

To amend the Internal Revenue Code of 1986 to provide a refundable credit against tax for landlords of veterans receiving rental assistance under the Veterans Affairs Supported Housing program.

United States · United States Congress · 10 April 2019

This bill allows a refundable tax credit for the owner of a dwelling unit that is occupied by a veteran on whose behalf rental assistance is provided by the Veterans Affairs Supported Housing program under the United States Housing Act of 1937. The credit is equal to 10% of the amount of rental assistance received by the person for the year.

To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent.

United States · United States Congress · 10 April 2019

This bill permanently extends the work opportunity tax credit. (Under current law, the tax credit expires after 2019.)

Invest in America Act

United States · United States Congress · 10 April 2019

Invest in America Act This bill repeals several tax provisions that were included in the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.

Protect Medical Innovation Act of 2019

United States · United States Congress · 10 April 2019

Protect Medical Innovation Act of 201 9 This bill repeals the excise tax on the sale of a medical device by the manufacturer, producer, or importer.

A bill to amend the Internal Revenue Code of 1986 to expand the earned income and child tax credits, and for other purposes.

United States · United States Congress · 10 April 2019

This bill increases and revises requirements for the earned income and child tax credits. It also makes similar revisions to the earned income tax credit for residents of Puerto Rico. The bill authorizes the Department of the Treasury to regulate the practice of tax return preparers and impose sanctions upon preparers found to be incompetent or disreputable. The Government Accountability Office must study and report on the sharing of information between Treasury and states regarding identification numbers issued to tax return preparers and minimum standards for preparers.

Nuclear Powers America Act of 2019

United States · United States Congress · 10 April 2019

Nuclear Powers America Act of 201 9 This bill allows a tax credit for investments in qualified nuclear energy property placed in service before January 1, 2026. The credit applies to any amounts paid or incurred for refueling or other specified expenditures for a nuclear power plant for which an application for license renewal was or will be submitted to the Nuclear Regulatory Commission before January 1, 2026.

Disaster Tax Relief Act of 2019

United States · United States Congress · 10 April 2019

Disaster Tax Relief Act of 2019 This bill allows various tax credits, tax deductions, and modifications to existing rules for individuals and businesses affected by federally declared disasters that occurred after December 31, 2018, and before April 15, 2019. With respect to individuals and businesses in the affected areas, the bill waives the 10% additional tax on certain early distributions from retirement plans, permits individuals to recontribute funds to retirement plans if the funds were distributed for a home purchase that was cancelled on account of a disaster, increases the limit and extends the repayment deadline for loans from retirement plans, allows an employee retention tax credit for employers affected by disasters, temporarily increases the limitation on tax deductions for charitable contributions for relief efforts in disaster areas, modifies the rules for the deduction for personal casualty losses, and allows taxpayers residing in disaster areas to use earned income from the immediately preceding year for the purpose of determining earned income for the earned income tax credit and the child tax credit.

Protecting and Preserving Social Security Act

United States · United States Congress · 10 April 2019

Protecting and Preserving Social Security Act This bill revises the methodology for calculating Old Age, Survivors, and Disability Insurance (OASDI) benefits and phases out the cap on compensation subject to Social Security taxation. The bill directs the Bureau of Labor Statistics to prepare and publish a Consumer Price Index for Elderly Consumers (CPI-E) to track cost-of-living changes for individuals age 62 or older. The Social Security Administration shall use the CPI-E to calculate the cost-of-living adjustment for OASDI benefits, where it currently uses the Consumer Price Index for Urban Wage Earners and Clerical Workers. The bill phases out and after 2025 eliminates the cap on compensation ($132,900 in 2019) subject to Social Security taxation. This change applies to both wage earners and the self-employed. The bill also changes the calculation for the primary insurance amount (the amount received by a beneficiary who elects to receive OASDI benefits at full retirement age) by including the additional earnings that are now taxed as a result of the cap elimination.

American Opportunity Carbon Fee Act of 2019

United States · United States Congress · 10 April 2019

American Opportunity Carbon Fee Act of 201 9 This bill imposes fees on carbon dioxide and other greenhouse gas emissions, establishes a tax credit for workers, provides payments to retired and disabled individuals, and provides cost mitigation grants to states. Specifically, the bill imposes fees on (1) fossil fuel products producing carbon dioxide emissions, including coal, petroleum products, and natural gas; (2) fluorinated greenhouse gases; (3) facilities that emit greenhouse gases; and (4) associated emissions (attributable to venting, flaring, and leakage across the supply chain). The bill directs the Department of the Treasury to establish, implement, and report on a program to identify all major source categories of associated emissions and collect data on associated emissions from the coal, petroleum products, and natural gas supply chains; make specified adjustments to the new fees for importers and exporters of energy-intensive manufactured goods; make a specified payment each calendar year to certain Social Security beneficiaries and other retired and disabled individuals; make cost mitigation grants to states for assisting low-income and rural households in reducing energy expenses, providing job training and worker transition assistance, or assisting in dealing with climate change or the transition to a low-carbon economy; and establish a website to make regular disclosures concerning revenue, tax savings, and benefits attributable to this bill. The bill also allows a new carbon fee offset tax credit for the lesser of 6.2% of earned income or $900.

PRO Sports Act

United States · United States Congress · 10 April 2019

Properly Reducing Overexemptions for Sports Act or the PRO Sports Act This bill removes professional football leagues from the list of tax-exempt organizations. The bill also prohibits an organization or entity from being treated as tax-exempt if it (1) is a professional sports league, organization, or association, a substantial activity of which is to foster national or international professional sports competitions; and (2) has annual gross receipts in excess of $10 million.

Ensuring Integrity in the IRS Workforce Act of 2019

United States · United States Congress · 10 April 2019

Ensuring Integrity in the IRS Workforce Act of 201 9 This bill prohibits the Internal Revenue Service (IRS) from rehiring former IRS employees who were involuntarily separated for misconduct. The bill generally applies with respect to any employee removed from employment before, on, or after the date of enactment of this bill. It does not apply to any employee who is employed by the IRS as of the enactment of this bill with respect to any removal for misconduct which occurred prior to enactment.

Rent Relief Act of 2019

United States · United States Congress · 10 April 2019

Rent Relief Act of 201 9 This bill allows a refundable tax credit for individuals who pay rent for a principal residence that exceeds 30% of the individual's gross income for the taxable year. The amount of the credit ranges from 25% to 100% of the excess rent, depending on the gross income of the taxpayer. The credit is not available for taxpayers with gross income that exceeds $100,000 ($125,000 for a taxpayer whose principal residence is located in a high-cost area, as defined by the bill). Rent that exceeds 100% of the small area fair market rent (including the utility allowance) for the residence may not be taken into account for the purpose of determining the amount of the credit. For individuals who reside in government-subsidized housing, the bill allows a credit equal to 1/12 of the rent paid by the taxpayer (and not subsidized under the program) during the year with respect to the residence. The Department of the Treasury must establish a program for making advance payments of the credit on a monthly basis.

RAISE Act

United States · United States Congress · 10 April 2019

Reforming American Immigration for a Strong Economy Act or the RAISE Act This bill eliminates the diversity visa program, replaces employment-based immigration programs with a points-based system, and imposes various limits on various types of immigration. Aliens that reach the minimum number of points may apply for a points-based visa. Points are awarded for various characteristics including age, English language proficiency, education level, and investments made in the United States. The U.S. Citizenship and Immigration Services shall periodically invite the highest scoring applicants to petition for visas. The bill limits eliminates various preference allocations (visa categories subject to various annual caps) for family-sponsored immigrant visas, such as those for the adult children of U.S. citizens. Only the spouses and children of U.S. citizens shall qualify as immediate relatives , whereas currently parents also qualify (visas for immediate relatives are not subject to direct numerical caps). The bill creates a nonimmigrant visa for such alien parents. The bill reduces the baseline annual cap for family-sponsored visas from 480,000 to 88,000 and revises the methods for calculating the cap. It also imposes a limit of 50,000 refugees admitted in any fiscal year. An alien who received needs-based public benefits shall not be naturalized as a U.S. citizen until the individual who signed the affidavit of support for the alien has reimbursed the federal government for such benefits. The bill imposes various reporting requirements related to the points-based system.

[H.A.S.C. No. 116-31]FISCAL YEAR 2020 PRIORITIES FOR ATOMIC ENERGY DEFENSE, NONPROLIFERATION, SAFETY, AND ENVIRONMENTAL MANAGEMENT

United States · United States House of Representatives · 9 April 2019

MILITARY CONSTRUCTION, VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 9 April 2019

A REVIEW OF THE NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY FISCAL YEAR 2020 BUDGET REQUEST

United States · United States House of Representatives · 9 April 2019

THE PRESIDENT'S BUDGET REQUEST FOR THE USDA FOREST SERVICE FOR FISCAL YEAR 2020

United States · United States Senate · 9 April 2019

STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS FOR FISCAL YEAR 2020

United States · United States Senate · 9 April 2019

FISCAL YEAR 2020 EPA BUDGET

United States · United States House of Representatives · 9 April 2019

[H.A.S.C. No. 116-30] - EVOLUTION, TRANSFORMATION, AND SUSTAINMENT: A REVIEW OF THE FISCAL YEAR 2020 BUDGET REQUEST FOR U.S. SPECIAL OPERATIONS FORCES AND COMMAND

United States · United States House of Representatives · 9 April 2019

SECURING AMERICA'S TRANSPORTATION AND MARITIME SYSTEMS: A REVIEW OF THE FISCAL YEAR 2020 BUDGET REQUESTS FOR THE TRANSPORTATION SECURITY ADMINISTRATION AND THE U.S. COAST GUARD

United States · United States House of Representatives · 9 April 2019

To amend the Immigration and Nationality Act to reserve EB-5 visas each fiscal year for investors in new commercial enterprises in areas with respect to which a major disaster has been declared by the President.

United States · United States Congress · 9 April 2019

This bill reserves a certain number of EB-5 visas (immigrant investors) for immigrants who invest in a new commercial enterprise that will create employment in an area where the President has declared a major disaster. For a period of three fiscal years starting from the fiscal year in which a disaster has been declared, 100 such visas must be reserved for each fiscal year.