To terminate the EB-5 program.

Bill: 115-hr-1502
Sponsor: full_name: Rep. King, Steve [R-IA-4]
Introduced: 2017-03-10
Policy area: Immigration
Subjects: Employee hiring

Financial services and investments

Foreign labor

Visas and passports
Latest action: action_date: 2017-03-31
text: Referred to the Subcommittee on Immigration and Border Security.

Summaries:
action_date: 2017-03-10
action_desc: Introduced in House
text: <p>This bill amends the Immigration and Nationality Act to eliminate the EB-5 visa category.</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: I 115th CONGRESS 1st Session H. R. 1502 IN THE HOUSE OF REPRESENTATIVES March 10, 2017 Mr. King of Iowa (for himself and Mr. Gohmert ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To terminate the EB–5 program.

1. Termination of EB–5 program (a) Repeal of provisions Effective on the date of the enactment of this Act, the following provisions are repealed: (1) Section 203(b)(5) of the Immigration and Nationality Act ( 8 U.S.C. 1153(b)(5) ). (2) Section 204(a)(1)(H) of the Immigration and Nationality Act ( 8 U.S.C. 1154(a)(1)(H) ). (3) Section 216A of the Immigration and Nationality Act ( 8 U.S.C. 1186b ). (4) Section 610 of the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 ( 8 U.S.C. 1153 note). (b) Applicability Beginning on the date of the enactment of this Act, the Secretary of Homeland Security— (1) shall cease to accept petitions and applications under any authority repealed under subsection (a); and (2) shall dismiss all pending petitions and applications described in paragraph (1).