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

Summary

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.

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Timeline

1. 24 January 2017

   Introduced

   Read twice and referred to the Committee on the Judiciary.

   Source: IntroReferral

2. 24 January 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 24 January 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 January 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 January 2017

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 January 2017

  Open at official source

Sponsors

• Sen. Feinstein, Dianne [D-CA] · D · Sponsor
• Chuck Grassley · R · Sponsor
• Richard Durbin · D · Cosponsor
• · ssju00 · Standing

Related records

• related to ← To terminate the EB-5 program.