HR 6493 · 112th Congress · Immigration

Global Investments in America's Cities Act

Introduced 2012-09-21· Sponsored by Rep. Clarke, Hansen [D-MI-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Immigration Policy and Enforcement.(2012-11-06)

Plain Language Summary

[AI summary unavailable — showing source text] Global Investments in America's Cities Act - Amends the Immigration and Nationality Act to set aside at least 3,000 employment creation immigrant visas each fiscal year for qualified immigrants seeking to invest in a new commercial enterprise which will create employment in an economically distressed urban area and with respect to which such alien: (1) has invested at least $250,000; (2) has completed an investment agreement with a qualified venture capital operating company for an investment of at least $250,000; or (3) has completed an investment agreement with one or more angel investors for an investment of at least $250,000. Requires petitions for such immigrant visas to be decided within 60 days. Directs the Government Accountability Office (GAO) to report to Congress on the EB-5 visa program.…

Summarized by Claude AI · Non-partisan · For informational purposes only