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

Bill: 115-s-232
Sponsor: full_name: Sen. Feinstein, Dianne [D-CA]
Introduced: 2017-01-24
Policy area: Immigration
Subjects: Employee hiring

Financial services and investments

Foreign labor

Visas and passports
Latest action: action_date: 2017-01-24
text: Read twice and referred to the Committee on the Judiciary.

Summaries:
action_date: 2017-01-24
action_desc: Introduced in Senate
text: <p>This bill amends the Immigration and Nationality Act to eliminate the EB-5 visa category.</p> <p> 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.</p> <p>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.</p> <p>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.</p>

tv_txt: II 115th CONGRESS 1st Session S. 232 IN THE SENATE OF THE UNITED STATES January 24, 2017 Mrs. Feinstein (for herself and Mr. Grassley ) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To terminate the EB–5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.

1. Termination of employment creation visa classification (a) In general Section 203(b)(5) of the Immigration and Nationality Act ( 8 U.S.C. 1153(b)(5) ) is repealed. (b) Reallocation to other employment-Based visa classifications Section 203(b) of such Act ( 8 U.S.C. 1153(b) ) is amended— (1) in paragraph (1), by striking 28.6 percent and inserting 30.4 percent ; (2) in paragraph (2), by striking 28.6 percent and inserting 30.4 percent ; (3) in paragraph (3), by striking 28.6 percent and inserting 30.4 percent ; and (4) in paragraph (4), by striking 7.1 percent and inserting 8.8 percent . 2. Conforming amendments (a) Immigration and Nationality Act Title II of the Immigration and Nationality Act ( 8 U.S.C. 1151 et seq.) is amended— (1) in section 202— (A) in subsection (a)(5)(A), by striking (4), or (5) and insert or (4) ; and (B) in subsection (e)(3), by striking through (5) and inserting through (4) ; (2) in section 203(b)(1), in the matter preceding subparagraph (A), by striking paragraphs (4) and (5) and inserting paragraph (4) ; (3) in section 204(a)(1)— (A) by striking subparagraph (H); (B) by redesignating subparagraphs (I), (J), (K), and (L) as subparagraphs (H), (I), (J), and (K), respectively; (C) in subparagraph (H), as redesignated, by moving clause (iv) 6 ems to the left; and (D) by moving subparagraph (K), as redesignated, 4 ems to the left; and (4) by striking section 216A ( 8 U.S.C. 1186b ). (b) Repeal of pilot immigration program Section 610 of the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 ( Public Law 102–395 ) is repealed.