H.R. 5874 (112th): American Entrepreneurship and Investment Act of 2012

Introduced:
May 31, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Jared Polis [D-CO2]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on May 31, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 31, 2012
Referred to Committee May 31, 2012
Cosponsors
none
Committees

House Judiciary

The committee chair determines whether a bill will move past the committee stage.

Full Title

To facilitate foreign investment by permanently reauthorizing the EB-5 regional center program, and for other purposes.

Summary

No summaries available.

Text

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Last updated May 31, 2012.
16 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/31/2012--Introduced.
American Entrepreneurship and Investment Act of 2012 - 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).

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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