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

Introduced:
May 31, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee) in a previous session of Congress

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

Introduced
May 31, 2012
 
Sponsor
Jared Polis
Representative for Colorado's 2nd congressional district
Party
Democrat
Text
Read Text »
Last Updated
May 31, 2012
Length
16 pages
Related Bills
H.R. 4178 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Mar 06, 2014

 
Full Title

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

Summary

No summaries available.

 
Cosponsors
none
Committees

House Judiciary

Immigration and Border Security

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

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