The Nordic Trader and Investor Parity Act would make Icelandic nationals eligible for E-1 and E-2 nonimmigrant visas, which are temporary work visas for traders and investors. Currently, more than 80 countries qualify for these visas, but Iceland is notably absent despite being a NATO member and a major U.S. ally with strong diplomatic ties dating back to 1941. The bill notes that Iceland is the only Nordic country without access to these visas and that allowing Icelandic participation would promote economic investment and business activity between the two nations. The legislation requires that Iceland's government provide reciprocal visa status to U.S. nationals before the eligibility takes effect. No specific funding or implementation timeline is specified in the bill.
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