To amend the Immigration and Nationality Act to extend the provisions governing nonimmigrant status for spouses and children of permanent resident aliens awaiting the availability of an immigrant visa, and for other purposes.

Amends the Immigration and Nationality Act with respect to V nonimmigrants (spouses or minor children of lawful permanent residents who are awaiting family-based immigrant visas) to: (1) extend the required filing deadline for family-based petitions from the date of enactment of the Legal Immigration Family Equity Act to January 1, 2011; and (2) reduce the required waiting period for family-based immigrant visas from three years to six months.