A bill to terminate the EB-5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 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.
What just happenedJan 24, 2017
Read twice and referred to the Committee on the Judiciary.
Who’s behind it
- Introduced in SenateJan 24, 2017
- Jan 24, 2017IntroReferral
Read twice and referred to the Committee on the Judiciary.
Judiciary Committee - Jan 24, 2017IntroReferral10000
Introduced in Senate