US Congress House Bill 5874 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 31 2012 - 25% progression, died in committee
Action: 2012-06-05 - Referred to the Subcommittee on Immigration Policy and Enforcement.
Pending: House Subcommittee on Immigration Policy and Enforcement Committee
Text: Latest bill text (Introduced) [PDF]

American Entrepreneurship and Investment Act of 2012 - Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor visa (EB-5) regional center program permanent, (2) establish a $2,500 regional center designation fee, and (3) increase visa set-asides for such program. Amends the Immigration and Nationality Act regarding EB-5 provisions to: (1) establish a $2,500 premium processing fee, (2) establish in the Treasury the Immigrant Entrepreneur Regional Account Center, (3) permit concurrent filing for EB-5 petitions and status adjustment applications, (4) expand the definition of "targeted employment area" for purposes of visa set-asides, and (5) expand EB-5 eligibility to include investors who have completed investment agreements with a qualified venture capital operating company or with an "angel investor" (U.S. citizen- or permanent resident-owned entity or an entity that has made specified commercial enterprise investments).

American Entrepreneurship and Investment Act of 2012

Rep. Jared Polis [D-CO]

Date	Chamber	Action
2012-06-05	House	Referred to the Subcommittee on Immigration Policy and Enforcement.
2012-05-31	House	Referred to the House Committee on the Judiciary.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/5874/all-info
Text	https://www.congress.gov/112/bills/hr5874/BILLS-112hr5874ih.pdf