H.R. 6493 (112th): Global Investments in America’s Cities Act

Introduced:
Sep 21, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Hansen Clarke [D-MI13]
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 September 21, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 21, 2012
Referred to Committee Sep 21, 2012
Cosponsors
none
Committees

House Judiciary

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

Full Title

To create jobs by attracting global investment to economically distressed urban areas, and for other purposes.

Summary

No summaries available.

Text

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Last updated Sep 21, 2012.
7 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.

9/21/2012--Introduced.
Global Investments in America's Cities Act - Amends the Immigration and Nationality Act to set aside at least 3,000 employment creation immigrant visas each fiscal year for qualified immigrants seeking to invest in a new commercial enterprise which will create employment in an economically distressed urban area and with respect to which such alien:
(1) has invested at least $250,000;
(2) has completed an investment agreement with a qualified venture capital operating company for an investment of at least $250,000; or
(3) has completed an investment agreement with one or more angel investors for an investment of at least $250,000.
Requires petitions for such immigrant visas to be decided within 60 days.
Directs the Government Accountability Office (GAO) to report to Congress on the EB-5 visa program.

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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