I
113TH CONGRESS
2D SESSION
H. R. 4659
To amend the Immigration and Nationality Act to make the EB-5 regional
center progr...
2
•HR 4659 IH
(a) and (b) of section 203’’ and inserting ‘‘subsection (a)1
of section 203’’.2
SEC. 3. REGIONAL CENTER PROG...
3
•HR 4659 IH
the purpose of concentrating pooled invest-1
ment in defined economic zones. The es-2
tablishment of a regio...
4
•HR 4659 IH
productivity, job creation, or increased do-1
mestic capital investment resulting from2
the program.’’.3
SEC...
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Proposed -EB-5 Regional Center Extension Act of 2014

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This was introduced in the House of Representatives on May 13, 2014.

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Proposed -EB-5 Regional Center Extension Act of 2014

  1. 1. I 113TH CONGRESS 2D SESSION H. R. 4659 To amend the Immigration and Nationality Act to make the EB-5 regional center program permanent, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MAY 13, 2014 Mr. SCHOCK introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend the Immigration and Nationality Act to make the EB-5 regional center program permanent, and for other purposes. Be it enacted by the Senate and House of Representa-1 tives of the United States of America in Congress assembled,2 SECTION 1. SHORT TITLE.3 This Act may be cited as the ‘‘EB-5 Regional Center4 Extension Act of 2014’’.5 SEC. 2. REMOVAL OF PER COUNTRY NUMERICAL CAPS ON6 EMPLOYMENT VISAS.7 Section 202(a)(2) of the Immigration and Nationality8 Act (8 U.S.C. 1152) is amended by striking ‘‘subsections9 VerDate Mar 15 2010 21:04 May 18, 2014 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:BILLSH4659.IH H4659 emcdonaldonDSK67QTVN1PRODwithBILLS
  2. 2. 2 •HR 4659 IH (a) and (b) of section 203’’ and inserting ‘‘subsection (a)1 of section 203’’.2 SEC. 3. REGIONAL CENTER PROGRAM MADE PERMANENT.3 Section 203(b)(5) of the Immigration and Nationality4 Act (8 U.S.C. 1153(b)(5)) is amended by adding at the5 end the following:6 ‘‘(E) REGIONAL CENTER PROGRAM.—7 ‘‘(i) SET ASIDE.—Not less than 3,0008 of the visas made available under this9 paragraph in each fiscal year shall be re-10 served for qualified immigrants for a pro-11 gram to implement the provisions of this12 paragraph.13 ‘‘(ii) IN GENERAL.—The program re-14 ferred to in clause (i) shall involve a re-15 gional center in the United States, des-16 ignated by the Secretary of Homeland Se-17 curity on the basis of a general proposal,18 for the promotion of economic growth, in-19 cluding increased export sales, improved20 regional productivity, job creation, or in-21 creased domestic capital investment. A re-22 gional center shall have jurisdiction over a23 limited geographic area, which shall be de-24 scribed in the proposal and consistent with25 VerDate Mar 15 2010 21:04 May 18, 2014 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:BILLSH4659.IH H4659 emcdonaldonDSK67QTVN1PRODwithBILLS
  3. 3. 3 •HR 4659 IH the purpose of concentrating pooled invest-1 ment in defined economic zones. The es-2 tablishment of a regional center may be3 based on general predictions, contained in4 the proposal, concerning the kinds of com-5 mercial enterprises that will receive capital6 from aliens, the jobs that will be created7 directly or indirectly as a result of such8 capital investments, and the other positive9 economic effects such capital investments10 will have.11 ‘‘(iii) RULE FOR DETERMINING COM-12 PLIANCE WITH JOB CREATION REQUIRE-13 MENTS.—For purposes of determining14 compliance with subparagraph (A)(ii), and15 notwithstanding the requirements of 816 CFR 204.6, the Secretary of Homeland17 Security shall permit aliens admitted under18 the program described in this subpara-19 graph to establish reasonable methodolo-20 gies for determining the number of jobs21 created by the program, including such22 jobs which are estimated to have been cre-23 ated indirectly through revenues generated24 from increased exports, improved regional25 VerDate Mar 15 2010 21:04 May 18, 2014 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:BILLSH4659.IH H4659 emcdonaldonDSK67QTVN1PRODwithBILLS
  4. 4. 4 •HR 4659 IH productivity, job creation, or increased do-1 mestic capital investment resulting from2 the program.’’.3 SEC. 4. PRIORITY CONSIDERATION FOR REGIONAL CENTER4 APPLICANTS.5 Section 204(a)(1)(H) of the Immigration and Nation-6 ality Act (8 U.S.C. 1154(a)(1)(H)) is amended by adding7 at the end the following: ‘‘In processing petitions under8 this subparagraph, the Secretary of Homeland Security9 may give priority to petitions filed by aliens seeking admis-10 sion under the program described in section 203(b)(5)(E).11 Notwithstanding section 203(e), immigrant visas made12 available under section 203(b)(5) may be issued to such13 aliens in an order that takes into account any priority ac-14 corded under the preceding sentence.’’.15 SEC. 5. CONFORMING AMENDMENT.16 Section 610 of Public Law 102–395 (8 U.S.C. 115317 note) is hereby repealed.18 Æ VerDate Mar 15 2010 21:04 May 18, 2014 Jkt 039200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:BILLSH4659.IH H4659 emcdonaldonDSK67QTVN1PRODwithBILLS

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