American Job Creation and Investment Into Public Works Reform Act of 2017

[AI summary unavailable — showing source text] American Job Creation and Investment Into Public Works Reform Act of 2017 This bill amends the Immigration and Nationality Act to revise EB-5 (alien immigrant investor) provisions, including regional center program provisions. The bill prescribes E-B5 requirements regarding: (1) fund sources; (2) threats to the national interest; and (3) fraud, misrepresentation, and criminal misuse. Future program participation is barred for a person who knowingly participated in conduct that caused a program center's termination. The EB-5 regional center program is extended through September 30, 2022. EB-5 investors must be at least 18 years old. The bill: (1) provides initial conditional permanent resident status for an alien investor (and the investor's spouse and children), and (2) sets aside 2,000 EB-5 visas for immigrants who invest in rural areas, 2,000 for immigrants who invest in priority urban investment areas, and 2,000 for immigrants who invest in infrastructure projects. A regional center shall operate within a defined geographic area and shall be consistent with the purpose of concentrating pooled investment within such area. The bill prescribes job creation requirements. Approved re…