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United States · Bill · HR

H.R. 616 (114th)

American Entrepreneurship and Investment Act of 2015

openUnited States· United States Congress· EN

Introduced

28 January 2015

Last action

25 February 2016 · Committee

Status

Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-603.

Sponsors

Jared Polis, Rep. Amodei, Mark E. [R-NV-2], Rep. Dold, Robert J. [R-IL-10], Rep. Bera, Ami [D-CA-6], Rep. Quigley, Mike [D-IL-5], Carlos Curbelo, Del. Bordallo, Madeleine Z. [D-GU-At Large], Frederica Wilson, Robin Kelly, Rep. Cohen, Steve [D-TN-9], Steve Stivers, David Valadao, Rep. Jolly, David W. [R-FL-13], Bill Huizenga, Donald Payne, John Katko, Rescom. Pierluisi, Pedro R. [D-PR-At Large], Rep. Veasey, Marc A. [D-TX-33], Hakeem Jeffries, Rep. Chu, Judy [D-CA-28], Scott Peters, James Renacci, DANA ROHRABACHER, Rep. Beatty, Joyce [D-OH-3], Theodore Deutch

Subjects

Immigration

Source updated

12 August 2025

Immigration

Official sourceDownload fileView documentsShare

Summary

American Entrepreneurship and Investment Act of 2015 Amends the Immigration and Nationality Act to make the EB-5 immigrant investor program permanent. Increases the targeted employment area set-aside. Directs the Secretary of Homeland Security to defer to state targeted employment area designations. Directs the Secretary to: (1) establish a preapproval procedure for commercial enterprises that allows a regional center to apply for preapproval of a new commercial enterprise before an alien files a petition for classification by reason of investment in such enterprise; and (2) defer to certain prior favorable EB-5 determinations except in the case of fraud, material change, or legal deficiency. Prohibits a person who has been found liable for specified criminal or civil activities from serving as an owner, director, or officer of a regional center. Requires EB-5 petitions to be adjudicated within 180 days unless additional information is required. Provides that the child of an alien investor whose conditional permanent resident status is terminated shall continue to be considered a child of the alien investor for purposes of a subsequent immigrant petition by the alien investor if the child remains unmarried and the alien investor's subsequent petition is filed within one year after termination of status. Provides for a consolidated petition by an alien investor and his or her spouse and children. Exempts spouses and children of EB-5 immigrants from EB-5 admissions limits. Authorizes concurrent filing of EB-5 petitions and applications for status adjustment to conditional lawful permanent resident. Eliminates the per-country limit for employment-based immigrants and increases the per-country limit for family-based immigrants. Amends the Chinese Student Protection Act of 1992 to eliminate the requirement that the annual Chinese immigrant visas be reduced by a specified amount to offset status adjustments under that Act. Subjects EB-5 petitions to the Foreign Corrupt Practices Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 January 2015

    Introduced

    Referred to the House Committee on the Judiciary.

    Source: IntroReferral

  2. 28 January 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 28 January 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 17 March 2015

    Referred

    Referred to the Subcommittee on Immigration and Border Security.

    Source: Committee

  5. 25 February 2016

    Committee

    Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-603.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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