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H.R. 1502

BillFederalHouseIn Committee
To terminate the EB-5 program.
About This Bill
Committee
Latest Action · March 31, 2017
Referred to the Subcommittee on Immigration and Border Security.
Congress
115th (2017–2019)
Introduced
March 10, 2017
Cosponsors (2)
0D 2R
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Summary

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This bill amends the Immigration and Nationality Act to eliminate the EB-5 visa category. 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.

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