INVEST in America Act

To establish an entrepreneur-based immigrant category for alien entrepreneurs who have completed or are in the process of completing a degree in Science, Engineering, Math or a technology-related field. 1. Short title This Act may be cited as the Immigration and Naturalization Investment Ventures for Engineering, Science, and Technology in America Act of 2013 INVEST in America Act 2. Conditional permanent resident status for certain STEM alien entrepreneurs, spouses, and children The Immigration and Nationality Act is amended by inserting after section 216A the following: 216B. Conditional permanent resident status for certain STEM alien entrepreneurs, spouses, and children (a) In general (1) Adjustment of status Each fiscal year, the status of not more than 9,940 aliens having status under section 101(a)(15)(F)(i) or 101(a)(15)(H)(i)(b) shall be adjusted to that of an alien lawfully admitted for permanent residence if each such alien files an application, at such time and in such manner as the Secretary of Homeland Security may require, that includes information sufficient to prove that the alien has fulfilled the following requirements: (A) The alien is in the process of completing, or has completed within the most recent 3 years preceding the date of application, a graduate level degree in science, technology, engineering, math or a related academic discipline from an accredited United States college, university or other institute of higher education. (B) The alien establishes and engages in a new commercial enterprise (including a limited partnership) that is relevant to the area of study of paragraph (1). (C) The alien submits a business plan (which may be updated and modified as a result of market conditions as long as the criteria specified in this section are met), which includes the creation of no less than 5 new full-time jobs and a minimum of 90 total work months for United States citizens or aliens lawfully admitted for permanent residence or other immigrants lawfully authorized to be employed in the United States (other than the immigrant and the immigrant’s spouse, sons, or daughters) within 5 years and provides the prevailing wage level for the occupational classification in the area of employment. (D) The alien is admissible as an immigrant, except that the numerical limitations of sections 201 and 202 shall not apply to the adjustment of aliens to lawful permanent resident status under this subsection. (2) Conditional basis for status Notwithstanding any other provision of this Act, an alien entrepreneur (as defined in subsection (g)(1)), alien spouse, and alien child (as defined in subsection (g)(2)) shall be considered, at the time of obtaining the status of an alien lawfully admitted for permanent residence, to have obtained such status on a conditional basis subject to the provisions of this section. (3) Notice of requirements (A) At time of obtaining permanent residence At the time an alien entrepreneur, alien spouse, or alien child obtains permanent resident status on a conditional basis under paragraph (1), the Secretary of Homeland Security shall provide for notice to such an entrepreneur, spouse, or child respecting the provisions of this section and the requirements of subsection (c)(1) to have the conditional basis of such status renewed, and the requirements of subsection (d)(1) to have the conditional basis of such status removed. (B) At time of required petition In addition, the Secretary of Homeland Security shall attempt to provide notice to such an entrepreneur, spouse, or child, at or about the beginning of the 90-day period described in subsection (e)(2)(A), of the requirements of subsection (c)(1) and (d)(1). (C) Effect of failure to provide notice The failure of the Secretary of Homeland Security to provide a notice under this paragraph shall not affect the enforcement of the provisions of this section with respect to such an entrepreneur, spouse, or child. (b) Termination of status if finding that qualifying entrepreneurship improper (1) In general In the case of an alien entrepreneur with permanent resident status on a conditional basis under subsection (a), if the Secretary of Homeland Security determines, before the 60-month anniversary of the alien's obtaining the status of lawful admission for permanent residence, that— (A) the establishment of the commercial enterprise was intended solely as a means of evading the immigration laws of the United States; (B) (i) the alien did not establish and engage in a new commercial enterprise relevant to the graduate level degree in science, technology, engineering, math or a related academic discipline; or (ii) the alien was not sustaining the actions described in clause (i) throughout the period of the alien's residence in the United States; or (C) the alien was otherwise not conforming to the requirements of this section, then the Secretary of Homeland Security shall so notify the alien involved and, subject to paragraph (2), shall terminate the permanent resident status of the alien (and the alien spouse and alien child) involved as of the date of the determination. (2) Hearing in removal proceeding Any alien whose permanent resident status is terminated under paragraph (1) may request a review of such determination in a proceeding to remove the alien. In such proceeding, the burden of proof shall be on the Secretary of Homeland Security to establish, by a preponderance of the evidence, that a condition described in paragraph (1) is met. (c) Requirements of Timely Petition and Interview for Renewal of Condition (1) In general In order for the conditional basis established under subsection (a) for an alien entrepreneur, alien spouse, or alien child to be renewed— (A) the alien entrepreneur must submit to the Secretary of Homeland Security, during the period described in subsection (e)(2), a petition which requests the renewal of such conditional basis and which states, under penalty of perjury, the facts and information described in subsection (e)(1); and (B) in accordance with subsection (e)(3), the alien entrepreneur must appear for a personal interview before an officer or employee of the Service respecting the facts and information described in subsection (e)(1). (2) Termination of permanent resident status for failure to file petition or have personal interview (A) In general In the case of an alien with permanent resident status on a conditional basis under subsection (a), if— (i) no petition is filed with respect to the alien in accordance with the provisions of paragraph (1)(A); or (ii) unless there is good cause shown, the alien entrepreneur fails to appear at the interview described in paragraph (1)(B) (if required under subsection (e)(3)), the Secretary of Homeland Security shall terminate the permanent resident status of the alien (and the alien's spouse and children if it was obtained on a conditional basis under this section) as of the 30 month anniversary of the alien's lawful admission for permanent residence. (B) Hearing in removal proceeding In any removal proceeding with respect to an alien whose permanent resident status is terminated under subparagraph (A), the burden of proof shall be on the alien to establish compliance with the conditions of paragraphs (1)(A) and (1)(B). (3) Determination after petition and interview (A) In general If— (i) a petition is filed in accordance with the provisions of paragraph (1)(A); and (ii) the alien entrepreneur appears at any interview described in paragraph (1)(B), the Secretary of Homeland Security shall make a determination, within 90 days of the date of the such filing or interview (whichever is later), as to whether the facts and information described in subsection (e)(1) and alleged in the petition are true with respect to the qualifying commercial enterprise. (B) Renewal of conditional basis if favorable determination If the Secretary of Homeland Security determines that such facts and information are true, the Secretary of Homeland Security shall so notify the alien involved and shall renew the conditional basis of the alien's status effective as of the 30 month anniversary of the alien's lawful admission for permanent residence. (C) Termination if adverse determination If the Secretary of Homeland Security determines that such facts and information are not true, the Secretary of Homeland Security shall so notify the alien involved and, subject to subparagraph (D), shall terminate the permanent resident status of an alien entrepreneur, alien spouse, or alien child as of the date of the determination. (D) Hearing in removal proceeding Any alien whose permanent resident status is terminated under subparagraph (C) may request a review of such determination in a proceeding to remove the alien. In such proceeding, the burden of proof shall be on the Secretary of Homeland Security to establish, by a preponderance of the evidence, that the facts and information described in subsection (e)(1) and alleged in the petition are not true with respect to the qualifying commercial enterprise. (d) Requirements of Timely Petition and Interview for Removal of Condition (1) In general In order for the conditional basis established under subsection (a) for an alien entrepreneur, alien spouse, or alien child to be removed— (A) the alien entrepreneur must submit to the Secretary of Homeland Security, during the period described in subsection (e)(2), a petition which requests the removal of such conditional basis and which states, under penalty of perjury, the facts and information described in subsection (e)(1); and (B) in accordance with subsection (e)(3), the alien entrepreneur must appear for a personal interview before an officer or employee of the Service respecting the facts and information described in subsection (e)(1). (2) Termination of permanent resident status for failure to file petition or have personal interview (A) In general In the case of an alien with permanent resident status on a conditional basis under subsection (a), if— (i) no petition is filed with respect to the alien in accordance with the provisions of paragraph (1)(A); or (ii) unless there is good cause shown, the alien entrepreneur fails to appear at the interview described in paragraph (1)(B) (if required under subsection (e)(3)), the Secretary of Homeland Security shall terminate the permanent resident status of the alien (and the alien's spouse and children if it was obtained on a conditional basis under this section) as of the 60 month anniversary of the alien's lawful admission for permanent residence. (B) Hearing in removal proceeding In any removal proceeding with respect to an alien whose permanent resident status is terminated under subparagraph (A), the burden of proof shall be on the alien to establish compliance with the conditions of paragraphs (1)(A) and (1)(B). (3) Determination after petition and interview (A) In general If— (i) a petition is filed in accordance with the provisions of paragraph (1)(A); and (ii) the alien entrepreneur appears at any interview described in paragraph (1)(B), the Secretary of Homeland Security shall make a determination, within 90 days of the date of the such filing or interview (whichever is later), as to whether the facts and information described in subsection (e)(1) and alleged in the petition are true with respect to the qualifying commercial enterprise. (B) Removal of conditional basis if favorable determination If the Secretary of Homeland Security determines that such facts and information are true, the Secretary of Homeland Security shall so notify the alien involved and shall remove the conditional basis of the alien's status effective as of the 60 month anniversary of the alien's lawful admission for permanent residence. (C) Termination if adverse determination If the Secretary of Homeland Security determines that such facts and information are not true, the Secretary of Homeland Security shall so notify the alien involved and, subject to subparagraph (D), shall terminate the permanent resident status of an alien entrepreneur, alien spouse, or alien child as of the date of the determination. (D) Hearing in removal proceeding Any alien whose permanent resident status is terminated under subparagraph (C) may request a review of such determination in a proceeding to remove the alien. In such proceeding, the burden of proof shall be on the Secretary of Homeland Security to establish, by a preponderance of the evidence, that the facts and information described in subsection (e)(1) and alleged in the petition are not true with respect to the qualifying commercial enterprise. (e) Details of Petition and Interview (1) Contents of petition (A) Each petition under subsection (c)(1)(A) shall contain facts and information demonstrating that the alien— (i) established and engaged in a new commercial enterprise relevant to the graduate level degree in science, technology, engineering, math or a related academic discipline; (ii) sustained the actions described in clause (i) throughout the period of the alien's residence in the United States; and (iii) either— (I) created no less than 2 new full-time jobs for United States citizens or aliens lawfully admitted for permanent residence or other immigrants lawfully authorized to be employed in the United States (other than the immigrant and the immigrant’s spouse, sons, or daughters) for the duration of a 6-month minimum prior to the filing of the petition and provides the prevailing wage level for the occupational classification in the area of employment; or (II) invested not less than $200,000 in the new commercial enterprise. (B) Each petition under subsection (d)(1)(A) shall contain facts and information demonstrating that the alien— (i) established and engaged in a new commercial enterprise relevant to the graduate level degree in science, technology, engineering, math or a related academic discipline; (ii) sustained the actions described in clause (i) throughout the period of the alien's residence in the United States; and (iii) either— (I) created no less than 5 new full-time jobs and a minimum of 90 total work months for a United States citizens or aliens lawfully admitted for permanent residence or other immigrants lawfully authorized to be employed in the United States (other than the immigrant and the immigrant’s spouse, sons, or daughters) within 5 years and provides the prevailing wage level for the occupational classification in the area of employment; or (II) invested not less than $500,000 in the new commercial enterprise. (C) is otherwise conforming to the requirements of this section. (2) Period for filing petition (A) In general Except as provided in subparagraph (B)— (i) the petition under subsection (c)(1)(A) must be filed during the 90-day period before the 36 month anniversary of the alien's lawful admission for permanent residence; and (ii) the petition under subsection (d)(1)(A) must be filed during the 90-day period before the 60 month anniversary of the alien's lawful admission for permanent residence. (B) Date petitions for good cause Such a petition may be considered if filed after such date, but only if the alien establishes to the satisfaction of the Secretary of Homeland Security good cause and extenuating circumstances for failure to file the petition during the period described in subparagraph (A). (C) Filing of petitions during removal In the case of an alien who is the subject of removal hearings as a result of failure to file a petition on a timely basis in accordance with subparagraph (A), the Secretary of Homeland Security may stay such removal proceedings against an alien pending the filing of the petition under subparagraph (B). (3) Personal interview The interview under subsection (c)(1)(B) and (d)(1)(B) shall be conducted within 90 days after the date of submitting a petition under subsection (c)(1)(A) and (d)(1)(A), respectively, and at a local office of the Service, designated by the Secretary of Homeland Security, which is convenient to the parties involved. The Secretary of Homeland Security, in the Secretary of Homeland Security's discretion, may waive the deadline for such an interview or the requirement for such an interview in such cases as may be appropriate. (f) Treatment of Period for Purposes of Naturalization For purposes of title III, in the case of an alien who is in the United States as a lawful permanent resident on a conditional basis under this section, the alien shall be considered to have been admitted as an alien lawfully admitted for permanent residence and to be in the United States as an alien lawfully admitted to the United States for permanent residence. (g) Definitions In this section: (1) Alien entrepreneur The term alien entrepreneur (2) Alien spouse; alien child The term alien spouse alien child (3) Commercial Enterprise The term commercial enterprise (4) Investment The term investment (5) Full-time employment The term full-time employment . 3. Government Accountability Office Study (a) In general Not later than 5 years after the date of enactment of this Act, and again not later than 10 years after the date of enactment, the Comptroller General of the United States shall submit to Congress a report on the entrepreneur-based immigrant category established under section 216B of the Immigration and Nationality Act. (b) Contents A report described in subsection (a) shall include information regarding— (1) the number of immigrant entrepreneurs who have obtained conditional permanent residency under the entrepreneur-based immigrant category; (2) the number of jobs created through the program; (3) the titles and wages of the created employment positions; (4) the length of employment for the created employment positions; (5) the number of immigrant entrepreneurs who were approved for removal of conditional permanent residence status at the end of the 5 year conditional status period; (6) the economic impact of the commercial activity generated in the United States as a result of immigrant entrepreneurs; and (7) any additional information regarding the effects of the Program. 4. Recruit, Retain, and Invest Strategic Plan (a) In general Not later than 2 years after the date of the enactment of this Act, the Secretary of Homeland Security, the Secretary of Commerce, and the Secretary of Education shall jointly submit a strategic plan to be known as the Recruitment, Retainment, and Investment Strategic Plan (b) Contents The strategic plan described in subsection (a) shall study and recommend coordinated strategies to attract the highest skilled and most talented foreign nationals to immigrate to the United States in order to create American jobs and grow the United States economy.

Summary: Immigration and Naturalization Investment Ventures for Engineering, Science, and Technology in America Act of 2013 or INVEST in America Act - Amends the Immigration and Nationality Act to provide conditional permanent resident status for an alien entrepreneur (and spouse and children) who: (1) is in the process of completing, or has completed, a graduate level degree in science, technology, engineering, math or a related academic discipline from an accredited U.S. institute of higher education; (2) establishes a new commercial enterprise related to such study that meets specified employment and wage requirements; and (3) is admissible as an immigrant. Directs the Secretary of Homeland Security (DHS) to terminate such alien's status for fraud or failure to meet status requirements during the 60-month period after obtaining such status. Directs the Secretary of Homeland Security, the Secretary of Commerce, and the Secretary of Education to submit a recruitment, retainment, and investment strategic plan to Congress to attract skilled and talented foreign nationals to immigrate to the United States to create jobs and grow the economy.