HR 616 · 114th Congress · Immigration
American Entrepreneurship and Investment Act of 2015
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-603.(2016-02-25)
Plain Language Summary
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American Entrepreneurship and Investment Act of 2015 Amends the Immigration and Nationality Act to make the EB-5 immigrant investor program permanent. Increases the targeted employment area set-aside. Directs the Secretary of Homeland Security to defer to state targeted employment area designations. Directs the Secretary to: (1) establish a preapproval procedure for commercial enterprises that allows a regional center to apply for preapproval of a new commercial enterprise before an alien files a petition for classification by reason of investment in such enterprise; and (2) defer to certain prior favorable EB-5 determinations except in the case of fraud, material change, or legal deficiency. Prohibits a person who has been found liable for specified criminal or civil activities from serving as an owner, director, or officer of a regional center. Requires EB-5 petitions to be adjudicated within 180 days unless additional information is required. Provides that the child of an alien investor whose conditional permanent resident status is terminated shall continue to be considered a child of the alien investor for purposes of a subsequent immigrant petition by the alien investor if th…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
12 Democrats8 Republicans