To facilitate foreign investment by permanently reauthorizing the EB-5 regional center program, and for other purposes.
Employment Benefit Act - 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).
Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
Read twice and referred to the Committee on the Judiciary.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
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