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S. 232 - To terminate the EB–5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications.
Introduced: 2017-01-24
Bill Status: Read twice and referred to the Committee on the Judiciary.
 

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.

Full Text


115th CONGRESS
1st Session
S. 232


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


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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 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(a) In general.—Section 203(b)(5) of the Immigration and Nationality Act (8 U.S.C. 1153(b)(5)) is repealed.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”.

SEC. 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.


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