A bill to facilitate foreign investment by permanently reauthorizing the EB-5 regional center program, and for other purposes.
State Foreign Investment Improvement Act - Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor (EB-5) regional center program permanent; and (2) establish a $2,500 regional center designation fee.
Amends the Immigration and Nationality Act to: (1) establish a $2,000 EB-5 premium processing fee; (2) permit concurrent filing for EB-5 petitions and status adjustment applications; and (3) establish in the Treasury the Immigrant Entrepreneur Regional Account Center.
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2006-2007)
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S2007)
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