,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #ccgj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bi1 #bjae ,ms4 
,l(gr5 7= h]self & ,mr4 ,gutirrez7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ! ,judici>y1 & 9       
addition to ! ,committees on ,education 
& ! ,work=ce & ,rules1 = a p]iod to be  
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to am5d !          
,immigration & ,nationality ,act to     
promote innovation1 inve/m5t1 & rese>* 9
 ! ,unit$ ,/ates1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z--  
7#a7 ! ,entrepr5eurial ,bus9esses       
,creat+ ,jobs ,act ( #bjae2 or  7#b7 !  
,,eb-,,jobs ,act ( #bjae4  ,i ,promot+  
,entrepr5eur%ip & ,innovation  #aja4    
,entrepr5eurs :o e/abli% bus9esses &    
create jobs 9 ! ,unit$ ,/ates  7a7      
,/>tup bus9ess & job creation visas     
,section #bjc7;b7 ( ! ,immigration &    
,nationality ,act 7#h ,u4,s4,c4         

#aaec7;b77 is am5d$--  7#a7 by          
r$esignat+ p>agraph 7#f7 z p>agraph     
7#h72 &  7#b7 by ins]t+ aft] p>agraph   
7#e7 ! foll[+3  7#f7 ,/>tup entrepr5eurs
  7,a7 ,9 g5]al ,visas %all be made     
available1 not)/&+ subsection 7a77#b7 or
 7d7 ( section #bja or ! matt] prec$+   
p>agraph 7#a7 ( ?is subsection1 to      
qualifi$ immigrants :o are describ$ 9   
subp>agraph 7,b7 or 7,c74  7,b7 ,v5ture 
capital-back$ />t-up entrepr5eurs ,an   
ali5 is describ$ 9 ?is subp>agraph if ! 
ali5 int5ds to f\nd & actively engage 9 
! managem5t or op]ations ( a new        
comm]cial ent]prise 7:i* may include any
 entity =m$ = ! purpose ( do+ =-pr(it   
bus9ess7 9 ! ,unit$ ,/ates--  7i7 )     
respect to :i* ! ali5 has complet$ an   
inve/m5t agreem5t requir+ an inve/m5t 9 
! ent]prise 9 an am\nt n less ?an--     
7,i7 #ejj1jjj on ! "p (-- 7aa7 a        
qualifi$ v5ture capital fund ^: inve/m5t
 advis] is a qualifi$ v5ture capital    
entity2  7bb7 #a or m angel inve/ors 7( 
:i* at lea/ #a su* inve/or is a qualifi$

 sup] angel inve/or provid+ #ajj1jjj ( !
 requir$ inve/m5t72 or  7cc7 a qualifi$ 
bus9ess entity2 or  7,,ii7 #ajj1jjj     
?r\gh a qualifi$ se$ accel]ator2 &  7ii7
 :i* w b5efit ! ,unit$ ,/ates economy1  
&1 = purposes ( ?is clause a comm]cial  
ent]prise %all only be consid]$ to      
b5efit ! ,unit$ ,/ates economy if1 dur+ 
! #b-ye> p]iod beg9n+ on ! date on :i* !
 ali5 obta9s /atus pursuant to a visa   
issu$ "u ?is p>agraph1 x w--  7,i7      
create p]man5t full-"t employm5t = at   
lea/ #e ,unit$ ,/ates work]s2  7,,ii7   
raise n less ?an an additional          
#b1jjj1jjj 9 capital inve/m5t2  7,,iii7 
g5]ate n less ?an #a1jjj1jjj 9 rev5ue2  
or  7,,iv7 create p]man5t full-"t       
employm5t = at lea/ #c ,unit$ ,/ates    
work]s :o are ea* paid an annual sal>y 9
 an am\nt ( n less ?an #ajj1jjj4  7,c7  
,self-sponsor$ />tup entrepr5eurs ,an   
ali5 is describ$ 9 ?is subp>agraph if-- 
7i7 ! ali5 has f\nd$ & is actively      
engag+ 9 ! managem5t & op]ations ( a new
 comm]cial ent]prise 7:i* may include   

any entity =m$ = ! purpose ( do+ =-pr(it
 bus9ess7 9 ! ,unit$ ,/ates2  7ii7 !    
ent]prise has creat$ p]man5t full-"t    
employm5t = at lea/ #c ,unit$ ,/ates    
work]s2 &  7iii7 by n lat] ?an ! end ( !
 #b-ye> p]iod beg9n+ on ! date on :i* ! 
ali5 obta9s /atus pursuant to a visa    
issu$ "u ?is p>agraph ! ent]prise w     
create p]man5t full-"t employm5t = a    
total (--  7,i7 at lea/ #aj ,unit$      
,/ates work]s 7:i* total may include !  
employm5t describ$ 9 clause 7ii772 or   
7,,ii7 at lea/ #g ,unit$ ,/ates work]s  
7:i* may include ! employm5t describ$ 9 
clause 7ii77 :o are ea* paid an annual  
sal>y 9 an am\nt n less ?an #ajj1jjj4   
7,d7 ,inflation adju/m5t ,effective = ! 
?ird fiscal ye> t beg9s m ?an #f mon?s  
aft] ! date ( ! enactm5t ( ?is p>agraph1
 & e ?ird fiscal ye> !reaft]1 ! monet>y 
am\nts describ$ 9 subp>agraphs 7,b7 &   
7,c7 %all be increas$ by ! p]c5tage 7if 
any7 by :i* ! ,consum] ,price ,index = !
 mon? ( ,june prec$+ ! date on :i* su*  
increase takes effect exce$s ! ,consum] 

,price ,index = ! same mon? ( ! cal5d>  
ye> #c ye>s prior4 ,an increase describ$
 9 ! prec$+ s5t5ce %all apply to ali5s  
fil+ petitions "u section               
#bjd7;a77#a77;,h7 on or aft] ! date on  
:i* ! increase takes effect4 ,= purposes
 ( ?is clause1 ! t]m ,consum] ,price    
,index means ! ,consum] ,price ,index = 
all urban consum]s publi%$ by !         
,dep>tm5t ( ,labor4  7,e7 ,def9itions ,=
 purposes ( ?is p>agraph3 7i7 ,p]man5t  
full-"t employm5t ,! t]m p]man5t full-"t
 employm5t means employm5t 9 a position 
t requires at lea/ #ce h\rs ( s]vice p] 
week at any "t1 reg>dless ( :o fills !  
position1 & :i* is expect$ to la/ = at  
lea/ two ye>s4 ,su* employm5t may be    
satisfi$ on a full-"t equival5t basis by
 calculat+ ! numb] ( full-"t employees  
:o c\ld h be5 employ$ if ! report$ numb]
 ( h\rs work$ by "p-"t employees _h be5 
work$ by full-"t employees4 ,full-"t    
equival5t employm5t %all be calculat$ by
 divid+ ! "p-"t h\rs paid by ! /&>d     
numb] ( h\rs = full-"t employees4  7ii7 

,inve/m5t ,! t]m inve/m5t does n include
 inve/+ any assets acquir$1 directly or 
indirectly1 by unlawful means4  7iii7   
,inve/m5t advis] ,! t]m inve/m5t advis] 
has ! mean+ giv5 su* t]m "u section     
#bjb7;a77#aa7 ( ! ,inve/m5t ,advis]s    
,act ( #aidj 7#ae ,u4,s4,c4             
#hj;b-#b7;a77#aa774  7iv7 ,qualifi$     
bus9ess entity ,! t]m qualifi$ bus9ess  
entity means1 ) respect to a qualifi$   
immigrant1 an entity t-- 7,i7 has be5   
op]at+ = a p]iod beg9n+ on a date t is n
 less ?an #b ye>s be=e ! date ( !       
petition = classification "u ?is        
p>agraph2  7,,ii7 employs n few] ?an #aj
 ,unit$ ,/ates work]s 9 ! ,unit$ ,/ates2
 &  7,,iii7 has employ$ ! ali5 = n less 
?an #a ye> on ! date ( ! petition =     
classification "u ?is p>agraph4  7v7    
,qualifi$ se$ accel]ator ,! t]m qualifi$
 se$ accel]ator means1 ) respect to a   
qualifi$ immigrant1 an entity t-- 7,i7  
is bas$ 9 ! ,unit$ ,/ates2  7,,ii7 has a
 majority ( own]%ip & control t is held 
by individuals :o are ,unit$ ,/ates     

citiz5s or ali5s lawfully admitt$ to !  
,unit$ ,/ates = p]man5t resid5ce2       
7,,iii7 has be5 op]at+ = a p]iod ( at   
lea/ #b ye>s be=e ! date ( ! petition = 
classification "u ?is p>agraph2 &       
7,,iv7 be=e ! date ( ! petition =       
classification "u ?is p>agraph1 has made
 at lea/-- 7aa7 #e se$ inve/m5ts 9 />tup
 bus9esses t are ea* valu$ at n less ?an
 #ajj1jjj1jjj2 or  7bb7 #bj se$         
inve/m5ts 9 />tup bus9esses t are toge!r
 valu$ at n less ?an #aej1jjj1jjj4  7vi7
 ,qualifi$ sup] angel inve/or ,! t]m    
qualifi$ sup] angel inve/or means1 )    
respect to a qualifi$ immigrant1 an     
individual :o--  7,i7 is an accr$it$    
inve/or 7z def9$ 9 section #bcj4eja7;a7 
( title #ag1 ,code ( ,f$]al ,regulations
 7z 9 effect on ,april #a1 #bjaj772     
7,,ii7 is a ,unit$ ,/ates citiz5 or an  
ali5 lawfully admitt$ to ! ,unit$ ,/ates
 = p]man5t resid5ce2 &  7,,iii7 has made
 at lea/-- 7aa7 #b equity inve/m5ts ( n 
less ?an #ej1jjj 9 ea* ( ! #c ye>s be=e 
! date ( ! petition = classification "u 

?is p>agraph2 or  7bb7 #ae equity       
inve/m5ts ) a total inve/m5t ( n less   
?an #bej1jjj dur+ ! #c-ye> p]iod prec$+ 
! date ( ! petition = classification "u 
?is p>agraph4  7vii7 ,qualifi$ v5ture   
capital entity ,! t]m qualifi$ v5ture   
capital entity means1 ) respect to a    
qualifi$ immigrant1 an entity t-- 7,i7  
s]ves z an inve/m5t advis] to a v5ture  
capital fund t is mak+ an inve/m5t "u   
?is p>agraph2  7,,ii7 has its prim>y    
(fice location or pr9cipal place (      
bus9ess 9 ! ,unit$ ,/ates2  7,,iii7 has 
a majority ( own]%ip & control t is held
 by individuals :o are ,unit$ ,/ates    
citiz5s or ali5s lawfully admitt$ to !  
,unit$ ,/ates = p]man5t resid5ce2       
7,,iv7 has be5 advis+ "o or m v5ture    
capital funds = a p]iod ( at lea/ #b    
ye>s be=e ! date ( ! petition =         
classification "u ?is p>agraph2 &  7,v7 
advises "o or m v5ture capital funds t h
 made at lea/-- 7aa7 #b inve/m5ts ( n   
less ?an #ejj1jjj 9 ea* ( ! #b ye>s be=e
 ! date ( ! petition = classification "u

 ?is p>agraph2 or  7bb7 #ae inve/m5ts ) 
a total inve/m5t ( n less ?an #c1jjj1jjj
 dur+ ! #c-ye> p]iod prec$+ ! date ( !  
petition = classification "u ?is        
p>agraph4  7viii7 ,v5ture capital fund  
,! t]m v5ture capital fund means an     
entity-- 7,i7 t is classifi$ z a v5ture 
capital op]at+ company "u section       
#beaj4c-aja7;d7 ( title #bi1 ,code (    
,f$]al ,regulations 7z 9 effect on      
,janu>y #a1 #bjae71 or has managem5t    
rights 9 its portfolio companies to !   
ext5t requir$ by su* section if ! v5ture
 capital fund 7 classifi$ z a v5ture    
capital op]at+ company2  7,,ii7 has     
capital commitm5ts ( n less ?an         
#aj1jjj1jjj2 &  7,,iii7 9 :i* ! majority
 ( own]%ip & control ( ! g5]al p>tn] or 
manag+ memb]s is held by individuals :o 
are ,unit$ ,/ates citiz5s or ali5s      
lawfully admitt$ to ! ,unit$ ,/ates =   
p]man5t resid5ce4  7ix7 ,se$ inve/m5t ,!
 t]m se$ inve/m5t means an inve/m5t 9   
:i* a se$ accel]ator makes an inve/m5t  
into a />tup bus9ess t is valu$ at less 

?an #aj million at ! "t ( ! inve/m5t 9  
ex*ange = at lea/ #d p]c5t ( ! equity 9 
! />tup bus9esses4  7x7 ,unit$ /ates    
work] ,! t]m ,unit$ ,/ates work] means  
an employee 7o!r ?an ! immigrant or !   
immigrant's sp\se1 son1 or daught]7 :o  
is-- 7,i7 a citiz5 or national ( !      
,unit$ ,/ates2 or  7,,ii7 an ali5 :o is 
lawfully admitt$ = p]man5t resid5ce1 is 
admitt$ z a refugee "u section #bjg1 is 
grant$ asylum "u section #bjh1 or is an 
immigrant o!rwise au?oriz$ to be employ$
 9 ! ,unit$ ,/ates4  7,f7 ,delegation ( 
c]ta9 eb-#f au?ority  7i7 ,9 g5]al ,!   
,secret>y ( ,homel& ,security may       
delegate to ! ,secret>y ( ,comm]ce      
au?ority & responsibility = det]m9ations
 "u sections #bjc7;b77#f7 & #baf;,a 7)  
respect to an ali5 entrepr5eur :o obta9s
 /atus "u section #bjc7;b77#f77 ( !     
,immigration & ,nationality ,act 7#h    
,u4,s4,c4 #aaec7;b77#f7 & #aahf;b71     
includ+ det]m9+ :e!r an ali5 has met    
employm5t creation requirem5ts4  7ii7   
,regulations ,! ,secret>y ( ,homel&     

,security & ! ,secret>y ( ,comm]ce may  
ea* adopt su* rules & regulations z are 
necess>y to c>ry out ! delegation       
au?oriz$ "u clause 7i71 includ+         
regulations gov]n+ ! eligibility crit]ia
 = obta9+ b5efits pursuant to ?is       
p>agraph4  7iii7 ,use ( fees            
,adjudication fees describ$ 9 section   
#bhf7m7 ( ! ,immigration & ,nationality 
,act 7#h ,u4,s4,c4 #acef7m77 %all rema9 
available until exp5d$ to reimburse !   
,secret>y ( ,comm]ce = ! co/s ( any     
det]m9ations made by ! ,secret>y (      
,comm]ce "u clause 7i74  7#g7 ,treaty   
inve/ors ,visas %all be made available1 
not)/&+ subsection 7a77#b7 or 7d7 (     
section #bja or ! matt] prec$+ p>agraph 
7#a7 ( ?is subsection1 to qualifi$      
immigrants :o h be5 issu$ a visa or     
o!rwise provid$ nonimmigrant /atus "u   
section #aja7;a77#ae77;,e77ii7 7n       
includ+ ali5 employees ( ! treaty       
inve/or71 ma9ta9$ t /atus = a m9imum (  
#aj ye>s1 & creat$ full-"t employm5t =  
at lea/ #e ,unit$ ,/ates work]s = a     

m9imum ( #aj ye>s4  4  7b7 ,proc$ure =  
grant+ immigrant /atus ,section         
#bjd7;a77#a77;,h7 ( ! ,immigration &    
,nationality ,act 7#h ,u4,s4,c4         
#aaed7;a77#a77;,h77 is am5d$ by /rik+   
section #bjc7;b77#e7 & ins]t+ p>agraph  
7#e71 7#f71 or 7#g7 ( section #bjc7;b74 
7c7 ,conditional p]man5t resid5t /atus  
,section #baf;,a ( ! ,immigration &     
,nationality ,act 7#h ,u4,s4,c4 #aahf;b7
 is am5d$-- 7#a7 by /rik+ ,attorney     
,g5]al ea* place su* t]m appe>s & ins]t+
 ,secret>y ( ,homel& ,security2  7#b7 9 
subsection 7b77#a7-- 7,a7 9 subp>agraph 
7,a71 by /rik+ inve/m5t & ins]t+        
inve/m5t or engagem5t2  7,b7 by am5d+   
subp>agraph 7,b7 to read z foll[s3  7,b7
 ! requisite inve/m5t or engagem5t 0 n  
made2 or  2 &  7,c7 9 subp>agraph 7,c71 
by /rik+ section #bjc7;b77#e7 & ins]t+  
p>agraph 7#e7 or 7#f7 ( section         
#bjc7;b71 z applicable2  7#c7 9         
subsection 7d77#a7--  7,a7 9 ! matt]    
prec$+ subp>agraph 7,a71 by /rik+ !     
ali52  7,b7 by am5d+ subp>agraph 7,a7 to

 read z foll[s3  7,a7 ! requisite       
inve/m5t or engagem5t 0 made2 &  2 &    
7,c7 9 subp>agraph 7,b71 by /rik+       
section #bjc7;b77#e7 & ins]t+ p>agraph  
7#e7 or 7#f7 ( section #bjc7;b71 z      
applicable2 &  7#d7 9 subsection 7f7--  
7,a7 9 p>agraph 7#a71 by /rik+ section  
#bjc7;b77#e7 & ins]t+ p>agraph 7#e7 or  
7#f7 ( section #bjc7;b72 &  7,b7 9      
p>agraph 7#c71 by /rik+ a limit$        
p>tn]%ip & ins]t+ any entity =m$ = !    
purpose ( do+ =-pr(it bus9ess4  7d7 ,cap
 exemption ,section #bja7;b77#a7 ( !    
,immigration & ,nationality ,act 7#h    
,u4,s4,c4 #aaea7;b77#a771 is am5d$ by   
add+ at ! end ! foll[+3  7,f7 ,ali5s    
describ$ 9 p>agraph 7#f7 or 7#g7 (      
section #bjc7;b74  4  #ajb4 ,immigrant  
entrepr5eurs & innovators pres5t 9 !    
,unit$ ,/ates ,section #bde ( !         
,immigration & ,nationality ,act 7#h    
,u4,s4,c4 #abee7 is am5d$ by add+ at !  
end ! foll[+3  7n7 ,immigrant           
entrepr5eurs & innovators pres5t 9 !    
unit$ /ates ,an ali5 :o is eligible to  

receive an immigrant visa "u p>agraph   
7#f7 or 7#g7 ( section #bjc7;b7 may     
adju/ /atus pursuant to subsection 7a7 &
 not)/&+ p>agraph 7#b71 7#g71 or 7#h7 ( 
subsection 7c7 & p>agraphs 7#f77;,a7 &  
7#g7 ( section #bab7;a71 if ! ali5 0    
pres5t 9 ! ,unit$ ,/ates on ! date ( !  
enactm5t ( ! ,,eb-,,jobs ,act ( #bjae & 
has be5 cont9u\sly pres5t s9ce t date4  
4  ,,ii ,promot+ ,inve/m5t 9 ! ,am]ican 
,economy  #bja4 ,,eb-#e employm5t       
creation inve/or program  7a7 ,p]man5t  
au?orization ( ,,eb-#e employm5t        
creation regional c5t] program ,section 
#bjc7;b77#e7 ( ! ,immigration &         
,nationality ,act 7#h ,u4,s4,c4         
#aaec7;b77#e77 is am5d$ by add+ at ! end
 ! foll[+3  7,e7 ,set-aside = employm5t 
creation regional c5t]s  7i7 ,9 g5]al ,(
 ! visas o!rwise available "u ?is       
p>agraph1 ! ,secret>y ( ,/ate1 toge!r ) 
! ,secret>y ( ,homel& ,security1 %all   
set aside at lea/ #e1jjj visas = a      
program involv+ regional c5t]s designat$
 by ! ,secret>y ( ,homel& ,security1 on 

! basis ( a g5]al proposal1 = !         
promotion ( economic gr[?1 includ+      
improv$ regional productivity1 job      
creation1 or increas$ dome/ic capital   
inve/m5t4 ,a regional c5t] %all h       
jurisdiction ov] a specific geographic  
area1 :i* %all be describ$ 9 ! proposal 
& consi/5t ) ! purpose ( conc5trat+     
pool$ inve/m5t 9 def9$ economic zones4  
,! e/abli%m5t ( a regional c5t] "u ?is  
subp>agraph may be bas$ on g5]al        
pr$ictions1 conta9$ 9 ! proposal1       
conc]n+ ! k9ds ( new comm]cial          
ent]prises t w receive capital f ali5s  
"u ?is p>agraph1 ! jobs t w be creat$   
7directly or indirectly7 z a result (   
su* capital inve/m5ts & ! o!r positive  
economic effects su* capital inve/m5ts w
 h4  7ii7 ,me?odologies ,9 det]m9+      
compliance ) ?is subp>agraph1 & not)/&+ 
requirem5ts applicable to inve/ors n    
involv+ regional c5t]s1 ! ,secret>y (   
,homel& ,security1 9 consultation ) !   
,secret>y ( ,comm]ce1 %all recognize    
reasonable me?odologies = det]m9+ !     

numb] ( jobs creat$ by a designat$      
regional c5t]1 includ+ su* jobs t are   
e/imat$ to h be5 creat$ indirectly ?r\gh
 rev5ues g5]at$ f increas$ exports1     
improv$ regional productivity1 or       
increas$ dome/ic capital inve/m5t       
result+ f ! regional c5t]4 ,! ,secret>y 
may consid] e/imat$ job creation outside
 ! geographic b\nd>y ( a designat$      
regional c5t] if su* e/imate is support$
 by sub/antial evid5ce & con/itutes no m
 ?an #ej p]c5t ( ! ov]all numb] ( jobs  
e/imat$ to be creat$ by su* regional    
c5t]4  7iii7 ,preapproval ( new         
comm]cial ent]prises ,! ,secret>y (     
,homel& ,security %all e/abli% a        
preapproval proc$ure t-- 7,i7 all[s a   
regional c5t] to apply to ! ,secret>y = 
approval ( a p>ticul> inve/m5t (f]+     
?r\gh a new comm]cial ent]prise be=e any
 ali5 files a petition = classification 
"u ?is p>agraph by reason ( inve/m5t 9 !
 new comm]cial ent]prise2  7,,ii7 9     
consid]+ an application "u subclause    
7,i71 requires t ! ,secret>y make f9al  

decisions on all issues "u ?is p>agraph 
o!r ?an ^? issues unique to an          
individual inve/or 9 ! new comm]cial    
ent]prise2 &  7,,iii7 requires t !      
,secret>y elim9ate ! ne$ = ! repeat$    
submission ( docum5tation t is common to
 multiple petitions = classification "u 
?is p>agraph ?r\gh a regional c5t]4     
7iv7 ,fee = regional c5t] designation ,9
 addition to any o!r fees au?oriz$ by   
law1 ! ,secret>y ( ,homel& ,security    
%all impose a fee to apply = designation
 z an ,,eb-#e regional c5t] "u ?is      
p>agraph4 ,fees collect$ "u ?is p>agraph
 %all be deposit$ 9 ! ,treasury 9       
accordance ) section #bhf7y74  7v7 ,site
 visits ,! ,secret>y %all p]=m site     
visits on a r&om basis ( n less ?an #e  
p]c5t ( all approv$ regional c5t]       
capital inve/m5t projects ea* fiscal    
ye>4  7,f7 ,regional c5t] annual        
/atem5ts  7i7 ,9 g5]al ,ea* regional    
c5t] designat$ "u subp>agraph 7,e7 %all 
annually submit1 to ! ,director ( ,unit$
 ,/ates ,citiz5%ip & ,immigration       

,s]vices 7ref]r$ to 9 ?is subp>agraph z 
! ,director71 9 a mann] prescrib$ by !  
,secret>y ( ,homel& ,security1 /atem5ts1
 includ+--  7,i7 a description ( any    
p5d+ litigation or bankruptcy proce$+s  
or litigation or bankruptcy proce$+s    
resolv$ dur+ ! prec$+ fiscal ye>1       
involv+ ! regional c5t] or an associat$ 
comm]cial ent]prise2  7,,ii7 an acc\nt+ 
( all =eign inve/or money inve/$ 9 !    
regional c5t] or its associat$ comm]cial
 ent]prises2 &  7,,iii7 = ea* associat$ 
comm]cial ent]prise-- 7aa7 an acc\nt+ ( 
! aggregate capital inve/$ 9 ! associat$
 comm]cial ent]prise by immigrants "u   
subp>agraph 7,e7 = ea* capital inve/m5t 
project be+ und]tak5 by ! associat$     
comm]cial ent]prise2  7bb7 a description
 ( h[ su* capital is be+ us$ to execute 
ea* capital inve/m5t project 9 ! approv$
 bus9ess plan2  7cc7 evid5ce t #ajj     
p]c5t ( su* capital has be5 irrevocably 
committ$ to ea* capital inve/m5t        
project2  7dd7 detail$ evid5ce ( !      
progress made t[>d ! completion ( !     

capital inve/m5t project2  7ee7 an      
acc\nt+ ( ! aggregate direct & indirect 
jobs creat$ or pres]v$2  7ff7 = all fees
 collect$ f ali5 entrepr5eurs by any    
p>ty 9 connection ) ! associat$         
comm]cial ent]prise1 includ+            
adm9i/rative1 loan monitor+1 or loan    
managem5t fees-- 7,,aa7 a description ( 
all fees collect$2 7,,bb7 a li/ ( !     
entities t receiv$ su* fees2 & 7,,cc7 ! 
purpose = :i* su* fees 7 collect$2 &    
7gg7 a c]tification by ! regional c5t] t
 su* /atem5ts are accurate4  7ii7       
,associat$ comm]cial ent]prise ,=       
purposes ( ?is p>agraph1 ! t]m associat$
 comm]cial ent]prise means any =-pr(it  
entity t associates ) a regional c5t] & 
receives1 or is e/abli%$ to receive1    
capital inve/m5t "u ! regional c5t]     
program describ$ 9 subp>agraph 7,e74    
7iii7 ,am5dm5t ( annual /atem5ts ,if !  
,director det]m9es t an annual /atem5t  
submitt$ pursuant to clause 7i7 is      
defici5t1 ! ,director may require !     
regional c5t] to am5d or supplem5t su*  

annual /atem5t4  7iv7 ,sanctions  7,i7  
,effect ( violation ,if a regional c5t] 
fails to submit an annual /atem5t or if 
! ,director det]m9es-- 7aa7 t a /atem5t 
submitt$ pursuant to ?is subp>agraph is 
mat]ially inaccurate or insuffici5t2 or 
7bb7 t ! regional c5t] is conduct+      
itself 9 a mann] inconsi/5t ) its       
designation1  ! ,director may sanction !
 violat+ entity or individual "u        
subclause 7,,ii74  7,,ii7 ,au?oriz$     
sanctions ,! ,director %all e/abli% a   
graduat$ set ( sanctions = violations   
ref]r$ to 9 subclause 7,i71 includ+--   
7aa7 f9es equal to n m ?an #e p]c5t ( ! 
total capital inve/$ by immigrant       
inve/ors 9 ! comm]cial ent]prise1 !     
paym5t ( :i* %all n 9 any circum/ance   
utilize any ( su* ali5 entrepr5eurs'    
capital inve/m5t2  7bb7 tempor>y        
susp5sion f p>ticipation 9 ! program    
describ$ 9 subp>agraph 7,e71 :i* may be 
lift$ by ! ,director if ! individual or 
entity cures ! alleg$ violation aft] be+
 provid$ su* an opportunity by !        

,director2  7cc7 p]man5t b> f program   
p>ticipation = #a or m individuals      
involv$ ) ! regional c5t]2 &  7dd7      
t]m9ation ( regional c5t] /atus4  7,g7  
,bona fides ( p]sons involv$ ) regional 
c5t]s or associat$ comm]cial ent]prises 
7i7 ,9 g5]al ,no p]son %all be p]mitt$  
by any regional c5t] or associat$       
comm]cial ent]prise to be involv$ ) !   
regional c5t] or associat$ comm]cial    
ent]prise if ! ,secret>y ( ,homel&      
,security--  7,i7 det]m9es su* p]son has
 be5 f\nd liable )9 ! previ\s #e ye>s = 
any crim9al or civil violation ( any law
 relat+ to fraud or deceit1 or at any "t
 if su* violation involv$ a crim9al     
conviction ) a t]m ( imprisonm5t ( at   
lea/ #a ye> or a crim9al or civil       
violation ( any law or ag5cy regulation 
9 connection ) ! pur*ase or sale ( a    
security2 or  7,,ii7 kn[s or has        
reasonable cause to believe t ! p]son is
 engag$ 91 has ev] be5 engag$ 91 or     
seeks to engage 9 any--  7aa7 illicit   
traffick+ 9 any controll$ sub/ance2     

7bb7 activity relat+ to espionage or    
sabotage2  7cc7 activity relat$ to money
 laund]+ 7z describ$ 9 section #aief or 
#aieg ( title #ah1 ,unit$ ,/ates ,code72
  7dd7 t]rori/ activity 7z def9$ 9      
clauses 7iii7 & 7iv7 ( section          
#bab7;a77#c77;,b772  7ee7 human         
traffick+ or human rights (f5se2 or     
7ff7 violation ( any /atute1 regulation1
 or ,executive ord] reg>d+ =eign        
f9ancial transactions or =eign asset    
control4  7ii7 ,p]sons involv$ ) a      
regional c5t] or associat$ comm]cial    
ent]prise ,= ! purposes ( ?is p>agraph1 
a p]son is consid]$ to be involv$ ) a   
regional c5t] or an associat$ comm]cial 
ent]prise if he or %e is ! pr9cipal1    
repres5tative1 adm9i/rator1 own]1 (fic]1
 bo>d memb]1 manag]1 executive1 g5]al   
p>tn]1 fiduci>y1 m>ket]1 promot]1       
director1 or o!r simil> position (      
sub/antial au?ority = ! op]ations1      
managem5t1 or promotion ( ! regional    
c5t] or associat$ comm]cial ent]prise1  
respectively4  7iii7 ,/atus ( regional  

c5t] pr9cipals  7,i7 ,lawful /atus      
requir$ ,no p]son may be directly or    
indirectly involv$ ) a regional c5t]    
unless ! p]son is a national ( ! ,unit$ 
,/ates or an individual :o has be5      
lawfully admitt$ = p]man5t resid5ce4    
7,,ii7 ,=eign gov]nm5ts ,no =eign       
gov]nm5t entity may be directly or      
indirectly associat$ ) ! own]%ip or     
adm9i/ration ( a regional c5t]4  7iv7   
,in=mation requir$ ,! ,secret>y %all    
require su* atte/ations & in=mation1    
includ+ ! submission ( f+]pr9ts to !    
,f$]al ,bureau ( ,inve/igation1 & %all  
p]=m su* crim9al record *ecks & o!r     
backgr\nd *ecks ) respect to a regional 
c5t]1 & p]sons involv$ 9 a regional c5t]
 or associat$ comm]cial ent]prise1 z    
describ$ 9 clause 7i71 z ! ,secret>y    
consid]s appropriate to det]m9e :e!r !  
regional c5t] or associat$ comm]cial    
ent]prise is 9 compliance ) clause 7i74 
,! ,secret>y may require ! in=mation &  
atte/ations describ$ 9 ?is clause f su* 
regional c5t] or associat$ comm]cial    

ent]prise1 & any p]son involv$ 9 !      
regional c5t] or associat$ comm]cial    
ent]prise1 at any "t on or aft] ! date (
 ! enactm5t ( ! ,,eb-,,jobs ,act (      
#bjae4  7v7 ,c]tification ,a regional   
c5t] mu/ provide a c]tification on an   
annual basis t x rema9s 9 compliance )  
clauses 7i7 & 7iii74  7vi7 ,t]m9ation ,!
 ,secret>y %all t]m9ate any regional    
c5t] f ! program t fails to provide a   
c]tification z requir$ "u clause 7v74 ,!
 ,secret>y may t]m9ate any regional c5t]
 f ! program "u ?is p>agraph if he or %e
 det]m9es t--  7,i7 ! regional c5t] or  
associat$ comm]cial ent]prise has       
violat$ clause 7i72  7,,ii7 ! regional  
c5t] is 9 violation ( clause 7iii72     
7,,iii7 ! regional c5t] or associat$    
comm]cial ent]prise or any p]son involv$
 ) ! regional c5t] or associat$         
comm]cial ent]prise has provid$ any     
false atte/ation or in=mation "u clause 
7iv72 or  7,,iv7 ! regional c5t] or     
associat$ comm]cial ent]prise or any    
p]son involv$ ) ! regional c5t] or      

associat$ comm]cial ent]prise fails to  
provide an atte/ation or in=mation      
reque/$ by ! ,secret>y "u clause 7iv74  
7,h7 ,regional c5t] compliance )        
securities laws  7i7 ,c]tification      
requir$ ,! ,secret>y ( ,homel& ,security
 %all n approve an application =        
regional c5t] designation or regional   
c5t] am5dm5t t does n c]tify t !        
regional c5t] &1 to ! be/ k ( !         
applicant1 all p>ties to ! regional c5t]
 are 91 & w ma9ta91 compliance ) !      
securities laws ( ! ,unit$ ,/ates4  7ii7
 ,monitor+ & sup]vision ,9 fur!rance ( !
 c]tification describ$ 9 clause 7i71 !  
regional c5t] %all be requir$ to monitor
 & sup]vise all (f]s & sales (          
securities :i* are made by associat$    
comm]cial ent]prises to ensure          
compliance ) ! securities laws ( !      
,unit$ ,/ates1 & to ma9ta9 records1     
data1 & in=mation relat+ to all su* (f]s
 & sales ( securities4  7iii7 ,t]m9ation
 or susp5sion ,! ,secret>y %all t]m9ate 
! designation ( any regional c5t] t does

 n provide ! c]tification describ$ 9    
clause 7i7 on an annual basis4 ,9       
addition to any o!r au?ority provid$ to 
! ,secret>y reg>d+ ! regional c5t]      
program describ$ 9 subp>agraph 7,e71 !  
,secret>y may1 9 ! ,secret>y's          
unreviewable discretion1 susp5d or      
t]m9ate ! designation ( any regional    
c5t] if he or %e det]m9es t ! regional  
c5t] or any p>ty to ! regional c5t]--   
7,i7 is p]man5tly or tempor>ily enjo9$  
by ord]1 judgm5t1 or decree ( any c\rt (
 compet5t jurisdiction 9 connection ) ! 
(f]1 pur*ase1 or sale ( a security2     
7,,ii7 is subject to any f9al ord] ( !  
,securities & ,ex*ange ,commission t--  
7aa7 b>s su* p]son f association ) an   
entity regulat$ by ! ,securities &      
,ex*ange ,commission2 or  7bb7          
con/itutes a f9al ord] bas$ on          
violations 9 connection ) ! (f]1        
pur*ase1 or sale ( a security2 or       
7,,iii7 kn[+ly submitt$ or caus$ to be  
submitt$ a c]tification describ$ 9      
clause 7i7 t conta9$ an untrue /atem5t (

 a mat]ial fact or omitt$ to /ate a     
mat]ial fact necess>y 9 ord] to make !  
/atem5ts made1 9 ! light ( !            
circum/ances "u :i* !y 7 made1 n        
mislead+4  7iv7 ,sav+s provision ,no?+ 9
 ?is subp>agraph may be con/ru$ to      
impair or limit ! au?ority ( !          
,securities & ,ex*ange ,commission "u ! 
,f$]al securities laws4  7v7 ,def9$ t]m 
,= ! purpose ( ?is subp>agraph1 ! t]m   
p>ty to ! regional c5t] means-- 7,i7 !  
regional c5t] or associat$ comm]cial    
ent]prise2  7,,ii7 ! regional c5t] or   
associat$ comm]cial ent]prise's own]s1  
(fic]s1 directors1 manag]s1 p>tn]s1     
ag5ts1 employees1 promot]s1 & attorneys2
 &  7,,iii7 any p]son 9 active conc]t or
 p>ticipation ) ! regional c5t] or      
associat$ comm]cial ent]prise or        
directly or indirectly controll+1       
controll$ by1 or "u common control ) !  
regional c5t] or associat$ comm]cial    
ent]prise4  7,i7 ,fraud1                
misrepres5tation1 crim9al misuse1 &     
?reats to national security ,if !       

,secret>y ( ,homel& ,security det]m9es t
 p>ticipation ( ! regional c5t] 9 !     
program is contr>y to ! national int]e/ 
( ! ,unit$ ,/ates1 poses a ?reat to     
national security1 or t ! regional c5t] 
or any p]son involv$ ) ! regional c5t]  
is engag$ or seeks to engage 9 any      
crim9al or civil violation ( any law    
relat+ to fraud1 deceit1                
misrepres5tation1 or crim9al misuse1 !  
,secret>y may--  7i7 d5y or revoke an   
approval ( a regional c5t] designation2 
7ii7 t]m9ate an approv$ regional c5t]   
designation2  7iii7 d5y or revoke a     
preapproval "u section                  
#bjc7;b77#e77;,e77iii7 ( ! ,immigration 
& ,nationality ,act2  7iv7 d5y or revoke
 a petition seek+ classification ( an   
ali5 z an ali5 inve/or "u ?is p>agraph2 
or  7v7 d5y a petition to remove        
conditions "u section #baf;,a4  7,j7    
,delegation ( c]ta9 ,,eb-#e au?ority    
7i7 ,9 g5]al ,! ,secret>y ( ,homel&     
,security may delegate to ! ,secret>y ( 
,comm]ce au?ority & responsibility =    

det]m9ations "u sections #bjc7;b77#e7 & 
#baf;,a 7) respect to an ali5           
entrepr5eur :o obta9s /atus "u section  
#bjc7;b77#e77 ( ! ,immigration &        
,nationality ,act 7#h ,u4,s4,c4         
#aaec7;b77#e7 & #aahf;a71 includ+       
det]m9+ :e!r an ali5 has met employm5t  
creation requirem5ts4  7ii7 ,regulations
 ,! ,secret>y ( ,homel& ,security & !   
,secret>y ( ,comm]ce may ea* adopt su*  
rules & regulations z are necess>y to   
c>ry out ! delegation au?oriz$ "u clause
 7i71 includ+ regulations gov]n+ !      
eligibility crit]ia = obta9+ b5efits    
pursuant to ?is subsection4  7iii7 ,use 
( fees ,adjudication fees describ$ 9    
section #bhf7m7 ( ! ,immigration &      
,nationality ,act 7#h ,u4,s4,c4         
#acef7m77 %all rema9 available until    
exp5d$ to reimburse ! ,secret>y (       
,comm]ce = ! co/s ( any det]m9ations    
made by ! ,secret>y ( ,comm]ce "u clause
 7i74  4  7b7 ,t>get$ employm5t areas   
,section #bjc7;b77#e77;,b7 ( !          
,immigration & ,nationality ,act 7#h    

,u4,s4,c4 #aaec7;b77#e77;,b77 is am5d$ z
 foll[s3  7#a7 ,set aside visas ,9      
clause 7i71 to read z foll[s3  7i7 7,i7 
,n less ?an #b1jjj ( ! visas made       
available "u ?is p>agraph 9 ea* fiscal  
ye> %all be res]v$ = qualifi$ immigrants
 :o inve/ 9 a new comm]cial ent]prise   
describ$ 9 subp>agraph 7,a7 :i* w create
 employm5t 9 an area describ$ 9 clause  
7ii77,i74  7,,ii7 ,n less ?an #d1jjj ( !
 visas made available "u ?is p>agraph 9 
ea* fiscal ye> %all be res]v$ = qualifi$
 immigrants :o inve/ 9 a new comm]cial  
ent]prise describ$ 9 subp>agraph 7,a7   
:i* w create employm5t 9 an area        
describ$ 9 clause 7ii77,,ii74  7,,iii7  
,n less ?an #b1jjj ( ! visas made       
available "u ?is p>agraph 9 ea* fiscal  
ye> %all be res]v$ = qualifi$ immigrants
 :o inve/ 9 a new comm]cial ent]prise   
describ$ 9 subp>agraph 7,a7 :i* w create
 employm5t 9 an area describ$ 9         
subclause 7,,iii71 7,,iv71 or 7,v7 (    
clause 7ii74  7,,iv7 ,not)/&+ section   
#bjc7;b77#a71 any visa numb] made       

available by subclause 7,i71 7,,ii71 or 
7,,iii71 & :i* has n be5 us$ at ! end ( 
! fiscal ye> 9 :i* x 0 made available1 w
 rema9 available = qualifi$ immigrants z
 describ$ 9 ea* respective subclause4  4
  7#b7 ,t>get$ employm5t area def9$ ,9  
clause 7ii71 to read z foll[s3  7ii7    
,t>get$ employm5t area def9$ ,9 ?is     
p>agraph1 ! t]m t>get$ employm5t area   
means--  7,i7 a rural area2  7,,ii7 an  
area t has exp]i5c$ high unemploym5t 7( 
at lea/ #aej p]c5t ( ! national av]age  
rate7 )9 ! prec$+ #ab mon?s2  7,,iii7 a 
c\nty t has _h a #bj p]c5t or m decrease
 9 population s9ce #aigj2  7,,iv7 an    
area t is )9 ! b\nd>ies e/abli%$ =      
purposes ( a ,/ate or ,f$]al economic   
developm5t inc5tive program1 includ+    
areas def9$ z ,ent]prise ,zones1 ,r5ewal
 ,communities & ,emp[]m5t ,zones2 or    
7,v7 an area )9 ! geographic b\nd>ies ( 
any milit>y in/allation clos$ pursuant  
to a base closure law 7z def9$ 9 section
 #aja7;a77#ag7 ( title #aj1 ,unit$      
,/ates ,code74  4  7#c7 ,rural area     

def9$ ,9 clause 7iii71 by /rik+ )9 a    
metropolitan /ati/ical area or4  7#d7   
,area t has exp]i5c$ high unemploym5t   
def9$ ,by add+ aft] clause 7iii7 !      
foll[+3  7iv7 ,area t has exp]i5c$ high 
unemploym5t ,! t]m area t has exp]i5c$  
high unemploym5t means an area1 compris+
 ( "o or m contigu\s c5sus tracts )9 "o 
,core ,bas$ ,/ati/ical ,area1 t has an  
unemploym5t rate t is at lea/ #aej p]c5t
 ( ! national av]age unemploym5t rate1  
us+ ! mo/ rec5t c5sus data available4  4
  7#e7 ,effect ( prior det]m9ation ,by  
add+ at ! end ! foll[+3  7v7 ,effect (  
prior det]m9ation ,9 a case 9 :i* a     
geographic area is det]m9$ "u clause    
7ii7 to be a t>get$ employm5t area1 su* 
det]m9ation %all rema9 9 effect dur+ !  
#e-ye> p]iod beg9n+ on ! date ( !       
det]m9ation = purposes ( any ali5 seek+ 
a visa res]v$ "u ?is subp>agraph4  4    
7c7 ,calculat+ job creation ,section    
#bjc7;b77#e77;,d7 ( su* ,act 7#h        
,u4,s4,c4 #aaec7;b77#e77;,d77 is am5d$  
to read z foll[s3  7,d7 ,p]man5t full-"t

 employm5t ,9 ?is p>agraph1 ! t]m       
p]man5t full-"t employm5t means         
employm5t 9 a position t requires at    
lea/ #ce h\rs ( s]vice p] week at any   
"t1 reg>dless ( :o fills ! position &   
:i* is expect$ to la/ = at lea/ two     
ye>s4 ,su* employm5t may be satisfi$ on 
a full-"t equival5t basis by calculat+ !
 numb] ( full-"t employees t c\ld h be5 
employ$ if ! report$ numb] ( h\rs work$ 
by "p-"t employees _h be5 work$ by      
full-"t employees4 ,full-"t equival5t   
employm5t %all be calculat$ by divid+ ! 
"p-"t h\rs paid by ! /&>d numb] ( h\rs =
 full-"t employees4  4  7d7 ,capital    
,section #bjc7;b77#e77;,c7 ( !          
,immigration & ,nationality ,act 7#h    
,u4,s4,c4 #aaec7;b77#e77;,c77 is am5d$  
by add+ at ! end ! foll[+3  7iv7        
,capital def9$ ,= purposes ( ?is        
p>agraph1 ! t]m capital does n include  
any assets acquir$1 directly or         
indirectly1 by unlawful means4  7v7     
,inflation adju/m5t  7,i7 ,initial      
adju/m5t ,effective = ! fir/ fiscal ye> 

t beg9s m ?an #f mon?s aft] ! date ( !  
enactm5t ( ?is subclause1 ! am\nt       
specifi$ 9 ! fir/ s5t5ce ( clause 7i7   
%all be #b1jjj1jjj4 ,an increase        
describ$ 9 ! prec$+ s5t5ce %all apply to
 ali5s fil+ petitions "u section        
#bjd7;a77#a77;,h7 on or aft] ! date on  
:i* ! increase takes effect1 unless !   
petition is fil$ by reason ( an inve/m5t
 9 a new comm]cial ent]prise = :i* a    
preapproval "u section                  
#bjc7;b77#e77;,e77iii7 0 fil$ be=e !    
date ! increase takes effect4  7,,ii7   
,subsequ5t adju/m5ts ,! am\nt describ$ 9
 subclause 7,i7 7z ( ! la/ increase to  
su* am\nt7 %all be increas$ e ?ird ye>  
by ! p]c5tage 7if any7 by :i* ! ,consum]
 ,price ,index = ! mon? ( ,june prec$+ !
 date on :i* su* increase takes effect  
exce$s ! ,consum] ,price ,index = ! same
 mon? ( ! cal5d> ye> #c ye>s prior4 ,an 
increase describ$ 9 ! prec$+ s5t5ce %all
 apply to ali5s fil+ petitions "u       
section #bjd7;a77#a77;,h7 on or aft] !  
date on :i* ! increase takes effect1    

unless ! petition is fil$ by reason ( an
 inve/m5t 9 a new comm]cial ent]prise = 
:i* a preapproval "u section            
#bjc7;b77#e77;,e77iii7 0 fil$ be=e !    
date ! increase takes effect4  7,,iii7  
,def9ition ,= purposes ( ?is clause1 !  
t]m ,consum] ,price ,index means !      
,consum] ,price ,index = all urban      
consum]s publi%$ by ! ,dep>tm5t (       
,labor4  4  7e7 ,type ( inve/m5t        
,section #bjc7;b77#e77;,a7 ( !          
,immigration & ,nationality ,act 7#h    
,u4,s4,c4 #aaec7;b77#e77;,a771 is am5d$ 
z foll[s3  7#a7 ,any =-pr(it entity c be
 a new comm]cial ent]prise ,9 ! matt]   
prec$+ clause 7i71 by /rik+ includ+ a   
limit$ p>tn]%ip & ins]t+ :i* may include
 any entity =m$ = ! purpose ( do+       
=-pr(it bus9ess4  7#b7 ,l5g? ( inve/m5t 
def9$ ,9 clause 7i71 by ins]t+ & :i* is 
expect$ to rema9 inve/$ = n less ?an #b 
ye>s aft] 7,c714  7#c7 ,job creation    
b5efits ! economy ,by am5d+ clause 7ii7 
to read z foll[s3  7ii7 :i* w b5efit !  
,unit$ ,/ates economy4 ,a comm]cial     

ent]prise w only be consid]$ to b5efit !
 ,unit$ ,/ates economy if x w create    
p]man5t full-"t employm5t = at lea/ #aj 
,unit$ ,/ates work]s4 ,= ! purposes (   
?is p>agraph1 ! t]m ,unit$ ,/ates work] 
means--  7,i7 an employee 7o!r ?an !    
immigrant or ! immigrant's sp\se1 son1  
or daught]7 :o is a citiz5 or national (
 ! ,unit$ ,/ates2 or  7,,ii7 is an ali5 
:o is lawfully admitt$ = p]man5t        
resid5ce1 is admitt$ z a refugee "u     
section #bjg1 is grant$ asylum "u       
section #bjh1 or is o!rwise au?oriz$ to 
be employ$ 9 ! ,unit$ ,/ates4  4  7f7   
,ext5sion ,subp>agraph 7,a7 ( section   
#baf;,a7d77#b7 ( ! ,immigration &       
,nationality ,act 7#h ,u4,s4,c4         
#aahf;b7d77#b77;,a77 is am5d$ by add+ at
 ! end ! foll[+3 ,! f\r? anniv]s>y %all 
be sub/itut$ = ! second anniv]s>y 9     
apply+ ! prec$+ s5t5ce if ! petition]   
provides an explanation = ! delay 9 fil+
 ! petition t is bas$ on circum/ances   
outside ( ! petition]'s control1 &      
demon/rates t su* circum/ances w be able

 to be resolv$ by ! f\r? anniv]s>y44    
7g7 ,/udy  7#a7 ,9 g5]al ,! ,secret>y ( 
,homel& ,security1 9 appropriate        
consultation ) ! ,secret>y ( ,comm]ce & 
o!r int]e/$ p>ties1 %all conduct a /udy 
conc]n+--  7,a7 curr5t job creation     
c\nt+ me?odology & initial projections  
"u section #bjc7;b77#e7 ( ! ,immigration
 & ,nationality ,act 7#h ,u4,s4,c4      
#aaec7;b77#e772 &  7,b7 h[ to be/       
promote ! employm5t creation program    
describ$ 9 su* section ov]seas to       
pot5tial immigrant inve/ors4  7#b7      
,report ,! ,secret>y ( ,homel& ,security
 %all submit a report to ! ,committee on
 ! ,judici>y ( ! ,h\se ( ,repres5tatives
 & ! ,committee on ! ,judici>y ( !      
,s5ate n lat] ?an #a ye> aft] ! date ( !
 enactm5t ( ?is ,act conta9+ ! results (
 ! /udy conduct$ "u p>agraph 7#a74  7h7 
,annual site visit report ,beg9n+ on !  
date t is "o ye> aft] ! enactm5t ( ?is  
,act1 & e ye> !reaft]1 ! ,secret>y (    
,homel& ,security %all submit a report  
to ! ,committee on ! ,judici>y ( ! ,h\se

 ( ,repres5tatives & ! ,committee on !  
,judici>y ( ! ,s5ate on ! site visits   
conduct$ pursuant to section            
#bjc7;b77#e77;,e77v71 includ+ ! numb] & 
locations ( site visits conduct$ & !    
numb] & type ( sanctions1 if any1       
result+ f ^? site visits4  7i7 ,bi5nial 
report ,beg9n+ on ! date t is "o ye>    
aft] ! date ( ! enactm5t ( ?is ,act1 & e
 #b ye>s !reaft]1 ! ,secret>y ( ,homel& 
,security %all submit a report to !     
,committee on ! ,judici>y ( ! ,h\se (   
,repres5tatives & ! ,committee on !     
,judici>y ( ! ,s5ate t measures !       
economic impact ( ! regional c5t]       
program describ$ 9 section              
#bjc7;b77#e77;,e7 ( ! ,immigration &    
,nationality ,act 7#h ,u4,s4,c4         
#aaec7;b77#e77;,e771 includ+--  7#a7    
=eign & dome/ic capital inve/m5t2  7#b7 
! numb] ( jobs directly & indirectly    
creat$2  7#c7 any o!r economic b5efits  
relat$ to =eign inve/m5t "u su* program2
 &  7#d7 ! numb] ( petitions "u su*     
section approv$ or d5i$ = ea* regional  

c5t]4  7j7 ,rulemak+ ,n lat] ?an #abj   
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,secret>y ( ,homel& ,security   
%all prescribe regulations to implem5t !
 am5dm5ts made by ?is section4  #bjb4   
,concurr5t fil+2 adju/m5t ( /atus       
,section #bde ( ! ,immigration &        
,nationality ,act 7#h ,u4,s4,c4 #abee7  
is am5d$-- 7#a7 9 subsection 7k71 9 !   
matt] prec$+ p>agraph 7#a71 by /rik+    
7#a71 7#b71 or 7#c7 & ins]t+ 7#a71 7#b71
 7#c71 7#e71 7#f71 or 7#g72 &  7#b7 by  
add+ at ! end ! foll[+3  7n7 ,if1 at !  
"t a petition is fil$ "u section #bjd = 
classification "u p>agraph 7#e71 7#f71  
or 7#g7 ( section #bjc7;b71 approval ( !
 petition w\ld make a visa imm$iately   
available to ! ali5 b5efici>y1 ! ali5   
b5efici>y's adju/m5t application "u ?is 
section %all be consid]$ to be prop]ly  
fil$ :e!r ! application is submitt$     
concurr5tly )1 or subsequ5t to1 ! visa  
petition4  4  #bjc4 ,fees2 premium      
process+  7a7 ,e/abli%m5t ( acc\nt2 use 
( fees ,section #bhf ( ! ,immigration & 

,nationality ,act 7#h ,u4,s4,c4 #acef71 
z am5d$ by ?is ,act1 is fur!r am5d$ by  
add+ at ! end ! foll[+3  7y7 ,immigrant 
entrepr5eur acc\nt  7#a7 ,9 g5]al ,!re  
is e/abli%$ 9 ! g5]al fund ( ! ,treasury
 a sep>ate acc\nt1 :i* %all be kn[n z ! 
,immigrant ,entrepr5eur ,acc\nt4        
,not)/&+ any o!r provision ( law1 !re   
%all be deposit$ z (fsett+ receipts into
 ! acc\nt all fees collect$ 9 connection
 ) p>agraph 7#e7 or 7#f7 ( section      
#bjc7;b7 ( ?is ,act1 section #baf;,a (  
?is ,act1 or section #faj7;b7 ( !       
,dep>tm5ts ( ,comm]ce1 ,ju/ice1 & ,/ate1
 ! ,judici>y1 & ,relat$ ,ag5cies        
,appropriations ,act1 #aiic 7#h         
,u4,s4,c4 #aaec note74  7#b7 ,use ( fees
 ,fees collect$ "u ?is section may only 
be us$ by ! ,secret>y ( ,homel&         
,security to adm9i/] & op]ate !         
employm5t creation program describ$ 9   
p>agraph 7#e7 or 7#f7 ( section         
#bjc7;b74  4  7b7 ,premium process+     
,section #bhf7u7 ( ! ,immigration &     
,nationality ,act 7#h ,u4,s4,c4         

#acef7u77 is am5d$ by add+ at ! end !   
foll[+3 ,9 ! case ( a petition fil$ "u  
section #bjd7;a77#a77;,h7 =             
classification "u p>agraph 7#e7 (       
section #bjc7;b7 & :i* 0 grant$ a       
preapproval "u section                  
#bjc7;b77#e77;,e77iii71 ! ,secret>y %all
 provide premium process+ s]vices = a   
fee set at #e1jjj & %all be deposit$ z  
(fsett+ receipts 9 ! ,immigrant         
,entrepr5eur ,acc\nt e/abli%$ "u        
subsection 7y74 ,! ,secret>y may adju/  
?is fee accord+ to ! ,consum] ,price    
,index44  #bjd4 ,cont+5t increase 9 visa
 numb] availability ,section            
#bjc7;b77#e7 ( ! ,immigration &         
,nationality ,act 7#h ,u4,s4,c4         
#aaec7;b77#e771 z am5d$ by ?is ,act1 is 
fur!r am5d$ by add+ at ! end ! foll[+3  
7,k7 ,increase 9 visa numb] availability
 ,9 ! ev5t all visas made available "u  
subp>agraph 7,a7 h be5 made available to
 qualifi$ immigrants 9 a fiscal ye>1 an 
additional #aj1jjj visas %all be made   
available to qualifi$ immigrants z      

describ$ 9 subp>agraph 7,a7 = t fiscal  
ye>1 unless a jo9t resolution z describ$
 bel[ is enact$4  7i7 ,= purposes ( ?is 
subp>agraph1 ! t]m jo9t resolution means
 only a jo9t resolution introduc$ 9 !   
p]iod beg9n+ on ! date on :i* all visas 
made available "u subp>agraph 7,a7 h be5
 made available to qualifi$ immigrants 9
 a fiscal ye> & end+ #fj days !reaft]   
7exclud+ days ei!r ,h\se ( ,congress is 
adj\rn$ = m ?an #c days dur+ a session (
 ,congress71 ! matt] aft] ! resolv+     
clause ( :i* is z foll[s3 ,t ,congress  
f9ds t an increase 9 visa numb]         
availability = qualifi$ immigrants "u   
section #bjc7;b77#e7 is n ne$$ & t      
additional visas provid$ 9 subp>agraph  
7,k7 ( t section w n take effect44  7ii7
 ,a jo9t resolution describ$ 9 clause   
7i7 %all be ref]r$ to ! ,committee on ! 
,judici>y 9 ea* ,h\se ( ,congress4      
7iii7 ,9 ! ,s5ate1 if ! ,committee on ! 
,judici>y has n report$ su* jo9t        
resolution z describ$ 9 clause 7i7 7or  
an id5tical jo9t resolution7 at ! end ( 

#ae session days aft] ! date (          
introduction ( ! jo9t resolution1 su*   
committee may be dis*>g$ f fur!r        
consid]ation ( su* jo9t resolution ^u a 
petition support$ 9 writ+ by #cj ,memb]s
 ( ! ,s5ate1 & su* jo9t resolution %all 
be plac$ on ! cal5d>4  7iv7  7,i7 ,9 !  
,s5ate1 :5 ! ,committee on ! ,judici>y  
has report$1 or :5 su* committee is     
dis*>g$ 7"u clause 7iii77 f fur!r       
consid]ation ( a jo9t resolution        
describ$ 9 clause 7i71 x is at any "t   
!reaft] 9 ord] 7ev5 ?\gh a previ\s      
motion to ! same effect has be5 disagre$
 to7 = a motion to proce$ to !          
consid]ation ( ! jo9t resolution1 & all 
po9ts ( ord] aga9/ ! jo9t resolution 7& 
aga9/ consid]ation ( ! jo9t resolution7 
are waiv$4 ,! motion is n subject to    
am5dm5t1 or to a motion to po/pone1 or  
to a motion to proce$ to ! consid]ation 
( o!r bus9ess4 ,a motion to reconsid] ! 
vote by :i* ! motion is agre$ to or     
disagre$ to %all n be 9 ord]4 ,if a     
motion to proce$ to ! consid]ation ( !  

jo9t resolution is agre$ to1 ! jo9t     
resolution %all rema9 ! unf9i%$ bus9ess 
( ! ,s5ate until dispos$ (4  7,,ii7 ,9 !
 ,s5ate1 debate on ! jo9t resolution1 & 
on all debatable motions & appeals 9    
connection !re)1 %all be limit$ to n m  
?an #aj h\rs1 :i* %all be divid$ equally
 betwe5 ^? favor+ & ^? oppos+ ! jo9t    
resolution4 ,a motion to fur!r limit    
debate is 9 ord] & n debatable4 ,an     
am5dm5t to1 or a motion to po/pone1 or a
 motion to proce$ to ! consid]ation (   
o!r bus9ess1 or a motion to recommit !  
jo9t resolution is n 9 ord]4  7,,iii7 ,9
 ! ,s5ate1 imm$iately foll[+ !          
conclusion ( ! debate on a jo9t         
resolution describ$ 9 clause 7i71 & a   
s+le quorum call at ! conclusion ( !    
debate if reque/$ 9 accordance ) ! rules
 ( ! ,s5ate1 ! vote on f9al passage ( ! 
jo9t resolution %all occur4  7,,iv7     
,appeals f ! decisions ( ! ,*air relat+ 
to ! application ( ! rules ( ! ,s5ate to
 ! proc$ure relat+ to a jo9t resolution 
describ$ 9 clause 7i7 %all be decid$ )\t

 debate4  7v7 ,9 ! ,h\se (              
,repres5tatives1 if ! ,committee on !   
,judici>y has n report$ a jo9t          
resolution z describ$ 9 clause 7i7 to ! 
,h\se at ! end ( #ae legislative days   
aft] its introduction1 su* committee    
%all be dis*>g$ f fur!r consid]ation ( !
 jo9t resolution1 & x %all be plac$ on !
 appropriate cal5d>4 ,on ! second & f\r?
 ,?ursdays ( ea* mon? x %all be 9 ord]  
at any "t = ! ,speak] to recognize a    
,memb] :o favors passage ( a jo9t       
resolution t has appe>$ on ! cal5d> = at
 lea/ #e legislative days to call up t  
jo9t resolution = imm$iate consid]ation 
9 ! ,h\se )\t int]v5tion ( any po9t (   
ord]4 ,:5 s call$ up su* jo9t resolution
 %all be consid]$ z read & %all be      
debatable = #a h\r equally divid$ &     
controll$ by ! propon5t & an oppon5t1 & 
! previ\s "q %all be consid]$ z ord]$ to
 its passage )\t int]v5+ motion4 ,x %all
 n be 9 ord] to reconsid] ! vote on     
passage4 ,if a vote on f9al passage ( ! 
jo9t resolution has n be5 tak5 by ! ?ird

 ,?ursday on :i* ! ,speak] may recognize
 a ,memb] "u ?is subsection1 su* vote   
%all be tak5 on t day4  7vi7 ,if1 be=e !
 passage by "o ,h\se ( a jo9t resolution
 ( t ,h\se describ$ 9 clause 7i71 t     
,h\se receives f ! o!r ,h\se a jo9t     
resolution describ$ 9 clause 7i71 !n !  
foll[+ proc$ures %all apply3  7,i7 ,!   
jo9t resolution ( ! o!r ,h\se %all n be 
ref]r$ to a committee4  7,,ii7 ,)       
respect to a jo9t resolution describ$ 9 
clause 7i7 ( ! ,h\se receiv+ ! jo9t     
resolution--  7aa7 ! proc$ure 9 t ,h\se 
%all be ! same z if no jo9t resolution  
_h be5 receiv$ f ! o!r ,h\se2 b  7bb7 ! 
vote on f9al passage %all be on ! jo9t  
resolution ( ! o!r ,h\se4  7vii7 7,i7 ,9
 addition to ! opportunity = review     
o!rwise provid$ "u ?is subp>agraph1 9 ! 
case t ! date on :i* all visas made     
available "u subp>agraph 7,a7 h be5 made
 available to qualifi$ immigrants occurs
 dur+ ! p]iod beg9n+ on ! date occurr+--
  7aa7 9 ! case ( ! ,s5ate1 #fj session 
days2 or  7bb7 9 ! case ( ! ,h\se (     

,repres5tatives1 #fj legislative days1  
be=e ! date ! ,congress is s*$ul$ to    
adj\rn a session ( ,congress ?r\gh !    
date on :i* ! same or succe$+ ,congress 
fir/ conv5es its next session1 clauses  
7i7 to 7vi7 %all apply 9 ! succe$+      
session ( ,congress4  7,,ii7 ,9 apply+  
clauses 7i7 to 7vi7 = purposes ( su*    
additional review1 ! date describ$ "u   
clause 7vii7 %all be treat$ z ?\gh su*  
date occurr$--  7aa7 9 ! case ( !       
,s5ate1 ! #ae? session day2 or  7bb7 9 !
 case ( ! ,h\se ( ,repres5tatives1 !    
#ae? legislative day1 aft] ! succe$+    
session ( ,congress fir/ conv5es4  4    
,,iii ,p]man5t ,au?orization ( ,conrad  
,/ate #cj ,j-#a ,visa ,waiv] ,program   
#cja4 ,p]man5t au?orization ( ,conrad   
,/ate #cj ,j-#a visa waiv] program      
,section #bbj7;c7 ( ! ,immigration &    
,nationality ,te*nical ,corrections ,act
 ( #aiid 7#h ,u4,s4,c4 #aahb note7 is   
am5d$ by /rik+ & be=e ,septemb] #cj1    
#bjae4  ,,iv ,reau?orization ( !        
,e-,v]ify ,program & ,special ,immigrant

 ,nonm9i/] ,religi\s ,work] ,program    
#dja4 ,reau?orization ( ! ,e-,v]ify     
,program ,section #dja7;b7 ( ! ,illegal 
,immigration ,re=m & ,immigrant         
,responsibility ,act ( #aiif 7#h        
,u4,s4,c4 #acbd;a note7 is am5d$ by     
/rik+ ,septemb] #cj1 #bjae & ins]t+     
,septemb] #cj1 #bjbj4  #djb4            
,reau?orization ( ! ,special ,immigrant 
,nonm9i/] ,religi\s ,work] ,program     
,section #aja7;a77#bg77;,c77ii7 ( !     
,immigration & ,nationality ,act 7#h    
,u4,s4,c4 #aaja7;a77#bg77;,c77ii77 is   
am5d$--  7#a7 9 subclause 7,,ii71 by    
/rik+ ,septemb] #cj1 #bjae & ins]t+     
,septemb] #cj1 #bjbj2 &  7#b7 9         
subclause 7,,iii71 by /rik+ ,septemb]   
#cj1 #bjae & ins]t+ ,septemb] #cj1      
#bjbj4