A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Acting Secretary of Homeland Security relating to "Immigrant Investor Program Modernization"

Bill: 116-sjres-55
Sponsor: full_name: Sen. Paul, Rand [R-KY]
Introduced: 2019-09-24
Policy area: Immigration
Subjects: Administrative law and regulatory procedures

Congressional oversight

Department of Homeland Security

Financial services and investments

Foreign labor

Immigration status and procedures

U.S. and foreign investments

Visas and passports
Latest action: action_date: 2019-09-24
text: Read twice and referred to the Committee on the Judiciary.

Summaries:
action_date: 2019-09-24
action_desc: Introduced in Senate
text: <p>This joint resolution prohibits the rule changes related to the EB-5 investor program and submitted by the Department of Homeland Security in 84 Fed. Reg. 35750 on July 24, 2019, from taking effect. </p> <p>The EB-5 visa provides lawful permanent residence to foreign nationals who invest a specified amount of capital in a new commercial enterprise in the United States and create at least 10 jobs. The changes under the rule include (1) increasing the minimum required investment amounts to qualify for an EB-5 visa, and (2) changing the criteria for determining when an area qualifies as a targeted employment area.</p>

tv_txt: IIA 116th CONGRESS 1st Session S. J. RES. 55 IN THE SENATE OF THE UNITED STATES September 24, 2019 Mr. Paul introduced the following joint resolution; which was read twice and referred to the Committee on the Judiciary JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Acting Secretary of Homeland Security relating to Immigrant Investor Program Modernization .

That Congress disapproves the rule submitted by the Acting Director of Homeland Security relating to Immigrant Investor Program Modernization (84 Fed. Reg. 35750; July 24, 2019), and such rule shall have no force or effect.