,i #aad? ,,congress #b;d ,session ,h4 ,r4 #decj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #aj1 #bjaf ,mr4 ,polis 7= himself & ,mr4 ,amodei7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ! ,judici>y ,a ,,bill ,to implem5t integrity measures to /r5g!n ! ,,eb-#e ,regional ,c5t] ,program 9 ord] to promote & re=m =eign capital inve/m5t & job creation 9 ,am]ican communities4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,eb-#e ,integrity ,act ( #bjaf4 #b4 ,re=m ( ! regional c5t] program 7a7 ,integrity re=ms ,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 ,regional c5t] program 7i7 ,process+ ,9 process+ petitions "u section #bjd7;a77#a77;,h7 = classification "u ?is p>agraph1 ! ,secret>y ( ,homel& ,security-- 7,i7 may process petitions 9 a mann] & ord] e/abli%$ by ! ,secret>y2 & 7,,ii7 %all deem su* petitions to include records previ\sly fil$ ) ! ,secret>y pursuant to subp>agraph 7,f7 if ! ali5 petition] c]tifies t su* records are incorporat$ by ref]5ce into ! ali5's petition4 7ii7 ,e/abli%m5t ( a regional c5t] ,a regional c5t] %all op]ate )9 a def9$ & limit$ geographic area1 :i* %all be describ$ 9 ! proposal & be consi/5t ) ! purpose ( conc5trat+ pool$ inve/m5t )9 su* area4 ,! proposal to e/abli% a regional c5t] %all-- 7,i7 demon/rate t ! pool$ inve/m5t w h a significant economic impact on su* geographic area2 7,,ii7 include reasonable pr$ictions1 support$ by economically & /ati/ically valid =eca/+ tools1 conc]n+-- 7aa7 ! am\nt ( inve/m5t t w be pool$2 7bb7 ! k9ds ( comm]cial ent]prises t w receive su* inve/m5ts2 7cc7 ! details ( ! jobs t w be creat$ directly or indirectly z a result ( su* inve/m5ts2 & 7dd7 o!r positive economic effects su* inve/m5ts w h2 & 7,,iii7 include a description ( ! policies & proc$ures 9 place reasonably design$ to monitor new comm]cial ent]prises & any affiliat$ job-creat+ entity to ensure compliance )-- 7aa7 all applicable laws1 regulations1 & ,executive ord]s ( ! ,unit$ ,/ates1 includ+ immigration laws 7z def9$ 9 section #aja7;a77#ag77 & securities laws2 & 7bb7 all securities laws ( ea* ,/ate 9 :i* securities (f]+s w be conduct$1 inve/m5t advice w be r5d]$1 or ! (f]ors or (f]ees reside4 7iii7 ,compliance 7,i7 ,9 g5]al ,9 det]m9+ compliance ) subp>agraph 7,a77ii71 ! ,secret>y ( ,homel& ,security %all p]mit ali5s seek+ admission "u ?is subp>agraph to rely on economically & /ati/ically valid me?odologies = det]m9+ ! numb] ( jobs creat$ by ! program1 includ+-- 7aa7 jobs e/imat$ to h be5 creat$ directly1 :i* may be v]ifi$ us+ su* me?odologies1 provid$ t ! ,secret>y may reque/ additional evid5ce to v]ify t ! directly creat$ jobs satisfy ! requirem5ts "u subp>agraph 7,a77ii72 & 7bb7 consi/5t ) ?is subp>agraph1 jobs e/imat$ to h be5 creat$ indirectly ?r\gh rev5ues g5]at$ f increas$ exports1 improv$ regional productivity1 job creation1 & increas$ dome/ic capital inve/m5t result+ f ! program4 7,,ii7 ,job & inve/m5t requirem5ts 7aa7 ,relocat$ jobs ,9 det]m9+ compliance ) ! job creation requirem5t "u subp>agraph 7,a77ii71 ! ,secret>y may include jobs e/imat$ to be creat$ "u a me?odology t attributes jobs to prospective t5ants occupy+ comm]cial real e/ate creat$ or improv$ by capital inve/m5ts if ! numb] ( su* jobs e/imat$ to be creat$ has be5 det]m9$ by an economically & /ati/ically valid me?odology & su* jobs are n exi/+ jobs t h be5 relocat$4 7bb7 ,publicly available bonds ,ali5 inve/or capital may n be utiliz$1 by a new comm]cial ent]prise or o!rwise1 to pur*ase municipal bonds or any o!r bonds1 if su* bonds are available to ! g5]al public1 ei!r z "p ( a prim>y (f]+ or f a second>y m>ket4 7iv7 ,am5dm5ts ,! ,secret>y ( ,homel& ,security %all-- 7,i7 require regional c5t]s to give advance notice to1 & obta9 approval f1 ! ,secret>y ( significant propos$ *anges to _! organizational /ructure1 own]%ip1 or adm9i/ration1 includ+ ! sale ( su* c5t]s or o!r arrangem5ts 9 :i* individuals n previ\sly subject to ! requirem5ts "u subp>agraph 7,h7 become involv$ ) ! regional c5t]1 be=e any su* propos$ *anges may take effect unless exig5t circum/ances are pres5t 9 :i* case ! regional c5t] %all provide notice to ! ,secret>y )9 #e bus9ess days ( su* *ange2 7,,ii7 approve ! *anges ref]r$ to 9 subclause 7,i7 aft]-- 7aa7 notice ( any su* propos$ *anges are made publicly available ?r\gh a publicly accessible website ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices = n few] ?an #cj days2 & 7bb7 ! ,secret>y det]m9es t ! regional c5t] w\ld rema9 compliant ) ?is subp>agraph & subp>agraph 7,h72 & 7,,iii7 not)/&+ ! p5d5cy ( a reque/ = approval ( any am5dm5t t has be5 fil$ pursuant to subclause 7,i71 adjudicate bus9ess plans "u subp>agraph 7,f7 & petitions "u section #bjd7;a77#a77;,h74 7,f7 ,bus9ess plans = regional c5t] inve/m5ts 7i7 ,application = approval ( an inve/m5t 9 a comm]cial ent]prise ,a regional c5t] %all file an application ) ! ,secret>y ( ,homel& ,security = ea* p>ticul> inve/m5t (f]+ ?r\gh an associat$ comm]cial ent]prise be=e any ali5 files a petition = classification "u ?is p>agraph by reason ( inve/m5t 9 t (f]+1 :i* %all include-- 7,i7 a compreh5sive bus9ess plan = a specific capital inve/m5t project2 7,,ii7 a cr$ible economic analysis reg>d+ e/imat$ job creation t is bas$ ^u economically & /ati/ically valid me?odologies2 7,,iii7 any docum5ts fil$ ) ! ,securities & ,ex*ange ,commission "u ! ,securities ,act ( #aicc 7#ae ,u4,s4,c4 #gg;a et seq47 or ) ! securities regulator ( any ,/ate1 z requir$ by law2 7,,iv7 any inve/m5t & (f]+ docum5ts1 includ+ subscription1 inve/m5t1 p>tn]%ip1 & op]at+ agreem5ts1 private placem5t memor&a1 t]m %eets1 biographies = managem5t1 (fic]s1 directors1 & any p]son ) simil> responsibilities1 ! description ( ! bus9ess plan to be provid$ to pot5tial ali5 inve/ors1 & m>ket+ mat]ials us$ or drafts prep>$ = use 9 connection ) ! (f]+1 :i* %all conta9 ref]5ces1 z appropriate1 to-- 7aa7 any inve/m5t risks associat$ ) ! new comm]cial ent]prise & ! job-creat+ entity2 7bb7 any conflicts ( int]e/ t curr5tly exi/ or may arise among ! regional c5t]1 new comm]cial ent]prise1 job-creat+ entity1 or ! pr9cipals or attorneys ( ! a=em5tion$ entities2 7cc7 any p5d+ mat]ial litigation or bankruptcy1 or adv]se judgm5ts or bankruptcy ord]s issu$ dur+ ! mo/ rec5t #aj-ye> p]iod1 9 ! ,unit$ ,/ates or abroad1 affect+ ! regional c5t]1 new comm]cial ent]prise1 any affiliat$ job-creat+ entity1 or any o!r ent]prise 9 :i* any pr9cipal ( ! a=em5tion$ entities held majority own]%ip at ! "t2 & 7dd7 7,,aa7 any fees1 ongo+ int]e/1 or o!r comp5sation paid or to be paid by regional c5t] or new comm]cial ent]prise to ag5ts1 f9d]s1 or brok] deal]s involv$ 9 ! (f]+2 7,,bb7 a description ( ! s]vices p]=m$1 or :i* w be p]=m$1 by su* p]son to entitle ! p]son to su* fees1 int]e/1 or comp5sation2 & 7,,cc7 ! "n & contact in=mation ( any su* p]son2 7,v7 a description ( ! policies & proc$ures1 includ+ ^? relat$ to int]nal & ext]nal due dilig5ce1 reasonably design$ to cause ! regional c5t]1 new comm]cial ent]prise1 & any affiliat$ job-creat+ entity1 _! ag5ts1 employees1 advisors1 & attorneys1 & any p]sons 9 active conc]t or p>ticipation ) ! regional c5t]1 new comm]cial ent]prise1 or any affiliat$ job-creat+ entity comply1 z applicable1 ) ! securities laws ( ! ,unit$ ,/ates & ! laws ( ! applicable ,/ates 9 connection ) ! (f]1 pur*ase1 or sale ( its securities2 & 7,,vi7 a c]tification f ea* ( ! regional c5t]s & any issu] ( securities "u common control ) ! regional c5t] t _! respective employees & any p>ties associat$ ) ea* ( ! regional c5t]s & ! issu] ( securities "u common control ) any ( ! regional c5t]s are 9 compliance ) ! securities laws ( ! ,unit$ ,/ates & ! laws ( ! applicable ,/ates 9 connection ) ! (f]1 pur*ase1 or sale ( its securities1 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation4 7ii7 ,effect ( approval ( a bus9ess plan = an inve/m5t 9 a regional c5t]'s comm]cial ent]prise ,! approval ( an application "u ?is subp>agraph %all be b9d+ = purposes ( ! adjudication ( subsequ5t petitions seek+ classification "u ?is p>agraph by immigrants inve/+ 9 ! same capital inve/m5t project ?r\gh a new comm]cial ent]prise1 & ( petitions by ! same immigrants fil$ "u section #baf;,a1 except 9 ! case ( fraud1 misrepres5tation1 crim9al misuse1 a ?reat to public safety or national security1 a mat]ial *ange t affects ! program eligibility ( ! approv$ economic model1 o!r evid5ce affect+ program eligibility t 0 n disclos$ by ! applicant dur+ ! adjudication process1 or a mat]ial mi/ake ( law or fact 9 ! prior adjudication4 7iii7 ,site visits ,! ,secret>y %all-- 7,i7 p]=m site visits to regional c5t]s2 & 7,,ii7 p]=m at lea/ #a site visit to ea* new comm]cial ent]prise or affiliat$ job-creat+ entity1 :i*-- 7aa7 %all include a review = evid5ce ( direct job creation 9 accordance ) subp>agraph 7,e77v77,i72 & 7bb7 may occur at any "t dur+ ! p]iod betwe5 ! fil+ ( an application = approval ( an inve/m5t 9 a comm]cial ent]prise "u ?is subp>agraph & ! adjudication ( ! fir/ petition = removal ( conditions on lawful p]man5t resid5t /atus "u section #baf;,a7c7 fil$ by an ali5 inve/+ 9 su* inve/m5t if ! regional c5t]1 new comm]cial ent]prise1 or affiliat$ job-creat+ entity1 z applicable1 is provid$ ) notice 9 accordance ) section #bgd;,a4 7,g7 ,regional c5t] annual /atem5ts 7i7 ,9 g5]al ,ea* regional c5t] designat$ "u subp>agraph 7,e7 %all annually submit a /atem5t to ! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices 7ref]r$ to 9 ?is subp>agraph z ! ,director71 9 a mann] prescrib$ by ! ,secret>y ( ,homel& ,security1 :i* %all include-- 7,i7 a c]tification /at+ t1 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation1 ! regional c5t]1 ! new comm]cial ent]prise1 & any affiliat$ job-creat+ entity is 9 compliance ) clauses 7i7 & 7ii7 ( subp>agraph 7,h72 7,,ii7 a c]tification describ$ 9 subp>agraph 7,i77ii77,,ii72 7,,iii7 a c]tification /at+ t1 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation1 ! regional c5t] is 9 compliance ) subp>agraph 7,k77iii72 7,,iv7 a description ( any p5d+ mat]ial litigation or bankruptcy proce$+s1 or litigation or bankruptcy proce$+s resolv$ dur+ ! prec$+ fiscal ye>1 involv+ ! regional c5t]1 new comm]cial ent]prise1 or any affiliat$ job-creat+ entity2 7,v7 an acc\nt+ ( all =eign inve/or capital inve/$ 9 ! regional c5t]1 new comm]cial ent]prise1 or affiliat$ job-creat+ entity2 7,,vi7 = ea* new comm]cial ent]prise associat$ ) ! regional c5t]-- 7aa7 an acc\nt+ ( ! aggregate capital inve/$ 9 ! new comm]cial ent]prise & job-creat+ entity by ali5 inve/ors "u ?is p>agraph = ea* capital inve/m5t project be+ und]tak5 by ! new comm]cial ent]prise2 7bb7 a description ( h[ ! capital describ$ 9 item 7aa7 is be+ us$ to execute ea* capital inve/m5t project 9 ! fil$ bus9ess plan or plans2 7cc7 evid5ce t #ajj p]c5t ( ! capital describ$ 9 item 7aa7 has be5 committ$ to ea* capital inve/m5t project2 7dd7 detail$ evid5ce ( ! progress made t[>d ! completion ( ea* capital inve/m5t project2 7ee7 an acc\nt+ ( ! aggregate direct jobs creat$ or pres]v$2 7ff7 to ! be/ ( ! regional c5t]'s k1 = all fees1 includ+ adm9i/rative fees1 loan monitor+ fees1 loan managem5t fees1 commissions & simil> transaction-bas$ comp5sation1 collect$ f ali5 inve/ors by ! regional c5t]1 new comm]cial ent]prise1 any affiliat$ job-creat+ entity or issu] ( securities "u common control ) ! regional c5t]1 or any promot]1 f9d]1 brok]-deal] or o!r entity engag$ by any ( ! =ego+ to locate individual inve/ors-- 7,,aa7 a description ( all fees collect$2 7,,bb7 an acc\nt+ ( ! entities t receiv$ su* fees2 & 7,,cc7 ! purpose = :i* su* fees 7 collect$2 7gg7 any docum5tation ref]r$ to 9 subp>agraph 7,f77i77,,iv7 if !re has be5 a mat]ial *ange dur+ ! prec$+ fiscal ye>2 & 7hh7 a c]tification by ! regional c5t] t su* /atem5ts are accurate1 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation2 & 7,,vii7 a description ( ! regional c5t]'s policies & proc$ures t are design$ to enable ! regional c5t] to comply ) applicable ,f$]al labor laws4 7ii7 ,am5dm5t ( annual /atem5ts ,! ,director-- 7,i7 %all require ! regional c5t] to am5d or supplem5t an annual /atem5t requir$ "u clause 7i7 if ! ,director det]m9es t su* /atem5t is defici5t2 & 7,,ii7 may require ! regional c5t] to am5d or supplem5t su* annual /atem5t if ! ,director det]m9es t su* an am5dm5t or supplem5t is appropriate4 7iii7 ,sanctions 7,i7 ,effect ( violation ,! ,director %all sanction any regional c5t] 9 accordance ) subclause 7,,ii7 if ! regional c5t] fails to submit an annual /atem5t or if ! ,director det]m9es t ! regional c5t]-- 7aa7 kn[+ly submitt$ or caus$ to be submitt$ a /atem5t1 c]tification1 or any in=mation submitt$ "u ?is subp>agraph1 t conta9$ an untrue /atem5t ( mat]ial fact2 or 7bb7 is conduct+ itself 9 a mann] inconsi/5t ) its designation1 includ+ any willful1 undisclos$1 & mat]ial deviation by new comm]cial ent]prises f any fil$ bus9ess plan = su* comm]cial ent]prises4 7,,ii7 ,au?oriz$ sanctions ,! ,director %all e/abli% a graduat$ set ( sanctions bas$ on ! sev]ity ( ! violations ref]r$ to 9 subclause 7,i71 includ+-- 7aa7 f9es equal to n m ?an #aj p]c5t ( ! total capital inve/$ by ali5 inve/ors 9 ! regional c5t]'s new comm]cial ent]prises or job-creat+ entities1 :i*-- 7,,aa7 may n be paid f any ( su* ali5 inve/or's capital inve/m5ts2 & 7,,bb7 %all be deposit$ into ! ,,eb-#e ,integrity ,fund e/abli%$ "u subp>agraph 7,j72 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 associat$ ) ! regional c5t] or new comm]cial ent]prise or job-creat+ entity2 & 7dd7 t]m9ation ( regional c5t] designation4 7,h7 ,bona fides ( p]sons involv$ ) regional c5t] program 7i7 ,9 g5]al ,a p]son may n be p]mitt$ to be involv$ ) any regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity if-- 7,i7 ! p]son has be5 f\nd to h committ$-- 7aa7 a crim9al or civil violation involv+ fraud or deceit )9 ! previ\s #aj ye>s2 7bb7 a civil violation involv+ fraud or deceit t result$ 9 a liability 9 excess ( #a1jjj1jjj2 or 7cc7 a crime = :i* ! p]son 0 convict$ & 0 s5t5c$ to a t]m ( imprisonm5t ( m ?an #a ye>2 7,,ii7 ! p]son is subject to a f9al ord]1 = ! duration ( any p5alty impos$ by su* ord]1 ( a ,/ate securities commission 7or an ag5cy or (fic] ( a ,/ate :o p]=ms simil> functions71 a ,/ate au?ority t sup]vises or exam9es banks1 sav+s associations1 or cr$it unions1 a ,/ate insurance commission 7or an ag5cy ( or (fic] ( a ,/ate :o p]=ms simil> functions71 an appropriate ,f$]al bank+ ag5cy1 ! ,commodity ,futures ,trad+ ,commission1 ! ,securities & ,ex*ange ,commission1 a f9ancial self-regulatory organization recogniz$ by ! ,securities & ,ex*ange ,commission1 or ! ,national ,cr$it ,union ,adm9i/ration1 :i* is bas$ on a violation ( any law or regulation t-- 7aa7 prohibits fraudul5t1 manipulative1 or deceptive conduct2 or 7bb7 b>s ! p]son f-- 7,,aa7 association ) an entity regulat$ by su* commission1 au?ority1 ag5cy1 or (fic]2 7,,bb7 appe>+ be=e su* commission1 au?ority1 ag5cy1 or (fic]2 7,,cc7 engag+ 9 ! bus9ess ( securities1 insurance1 or bank+2 or 7,,dd7 engag+ 9 sav+s association or cr$it union activities2 7,,iii7 ! p]son is engag$ 91 has ev] be5 engag$ 91 or seeks to engage 9-- 7aa7 any illicit traffick+ 9 any controll$ sub/ance or 9 any li/$ *emical 7z def9$ 9 section #ajb ( ! ,controll$ ,sub/ances ,act 7#ba ,u4,s4,c4 #hjb772 7bb7 any activity relat+ to espionage1 sabotage1 or !ft ( intellectual prop]ty2 7cc7 any activity relat$ to money laund]+ 7z describ$ 9 section #aief or #aieg ( title #ah1 ,unit$ ,/ates ,code72 7dd7 any t]rori/ activity 7z def9$ 9 section #bab7;a77#c77;,b77iii772 7ee7 any activity con/itut+ or facilitat+ human traffick+ or a human rights (f5se2 7ff7 any activity describ$ 9 section #bab7;a77#c77;,e72 or 7gg7 ! violation ( any /atute1 regulation1 or ,executive ord] reg>d+ =eign f9ancial transactions or =eign asset control2 or 7,,iv7 ! p]son-- 7aa7 is1 or dur+ ! prec$+ #aj ye>s has be51 includ$ on ! ,dep>tm5t ( ,ju/ice's ,li/ ( ,curr5tly ,discipl9$ ,practition]s2 or 7bb7 dur+ ! prec$+ #aj ye>s1 has receiv$ a reprim& or o!rwise be5 publicly discipl9$ = conduct relat$ to fraud or deceit by a ,/ate b> association ( :i* ! p]son is or 0 a memb]4 7ii7 ,=eign involvem5t 9 regional c5t] program 7,i7 ,lawful /atus requir$ ,a p]son may n be involv$ ) a regional c5t] unless ! p]son is a national ( ! ,unit$ ,/ates or an individual :o has be5 lawfully admitt$ = p]man5t resid5ce 7z su* t]ms are def9$ 9 p>agraphs 7#bj7 & 7#bb7 ( section #aja7;a774 7,,ii7 ,=eign gov]nm5ts ,a =eign gov]nm5t entity may n provide capital to1 or be directly or indirectly involv$ ) ! own]%ip or adm9i/ration (1 a regional c5t]4 7,,iii7 ,rulemak+ ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y1 9 consultation ) ! ,secret>y ( ! ,treasury & ! ,secret>y ( ,comm]ce1 %all issue regulations implem5t+ subclauses 7,i7 & 7,,ii74 7iii7 ,in=mation requir$ ,! ,secret>y ( ,homel& ,security %all require su* atte/ations & in=mation1 includ+ ! submission ( f+]pr9ts or o!r biometrics to ! ,f$]al ,bureau ( ,inve/igation1 & %all p]=m su* crim9al record *ecks & o!r backgr\nd & database *ecks ) respect to a regional c5t]1 new comm]cial ent]prise1 & any affiliat$ job-creat+ entity1 & p]sons involv$ ) su* entities 7z describ$ 9 clause 7v771 to det]m9e :e!r su* entities are 9 compliance ) clauses 7i7 & 7ii74 ,! ,secret>y may require ! in=mation & atte/ations describ$ 9 ?is clause f ! entities describ$ 9 ?is clause & any p]son involv$ ) su* entities1 at any "t on or aft] ! date ( ! enactm5t ( ! ,,eb-#e ,integrity ,act ( #bjaf4 7iv7 ,t]m9ation 7,i7 ,9 g5]al ,! ,secret>y %all susp5d or t]m9ate ! designation ( any regional c5t]1 or ! p>ticipation "u ! program ( any new comm]cial ent]prise or job-creat+ entity "u ?is p>agraph if ! ,secret>y det]m9es t su* entity-- 7aa7 kn[+ly involv$ a p]son ) su* entity 9 violation ( clause 7i7 or 7ii72 7bb7 fail$ to provide an atte/ation or in=mation reque/$ by ! ,secret>y2 or 7cc7 kn[+ly provid$ any false atte/ation or in=mation "u clause 7iii74 7,,ii7 ,in=mation ,! ,secret>y1 aft] ! p]=mance ( ! crim9al record & o!r backgr\nd *ecks describ$ 9 clause 7iii71 %all notify a regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity :e!r any p]son involv$ ) su* entities is n 9 compliance ) clause 7i7 or 7ii74 ,if ! regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity1 z ! case may be1 fails to discont9ue ! prohibit$ p]son's involvem5t ) su* entity )9 #cj days aft] receiv+ a notification "u ?is subclause1 ! regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity %all be deem$ to h k "u subclause 7,i77aa7 t su* p]son is 9 violation ( clause 7i7 or 7ii74 7v7 ,p]sons involv$ ) a regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity ,9 ?is p>agraph1 a p]son is involv$ ) a regional c5t]1 a new comm]cial ent]prise1 any affiliat$ job-creat+ entity1 or o!r job-creat+ entity1 z applicable1 if ! p]son is 9 a position ( sub/antive au?ority to make op]ational or manag]ial decisions ov] any pool+1 securitization1 inve/m5t1 release1 acceptance1 or control ( any fund+ t 0 procur$ "u ! ,,eb-#e ,regional ,c5t] ,program4 ,a p]son may be 9 a position ( sub/antive au?ority if ! p]son s]ves z ! pr9cipal1 repres5tative1 adm9i/rator1 own]1 (fic]1 bo>d memb]1 manag]1 executive1 or g5]al p>tn] ( ! regional c5t]1 new comm]cial ent]prise1 any affiliat$ job-creat+ entity1 or o!r job-creat+ entity1 respectively4 7,i7 ,compliance ) securities laws 7i7 ,jurisdiction 7,i7 ,9 g5]al ,! ,unit$ ,/ates has jurisdiction1 includ+ subject matt] jurisdiction1 ov] ! pur*ase or sale ( any security (f]$ or sold by any regional c5t] or any p>ty associat$ ) a regional c5t] = purposes ( ! securities laws4 7,,ii7 ,compliance ) regulation ,s ,= purposes ( section #e ( ! ,securities ,act ( #aicc 7#ae ,u4,s4,c4 #gg;e71 a regional c5t] or any p>ty associat$ ) a regional c5t] is n preclud$ f (f]+ or sell+ a security pursuant to ,regulation ,s 7#ag ,c4,f4,r4 #bcj4ija et seq47 to ! ext5t t su* (f]+ or sell+ o!rwise complies ) su* regulation4 ,subp>agraph 7,i7 is n int5d$ to modify any exi/+ regulations or int]pretations ( ! ,securities & ,ex*ange ,commission relat$ to ! application ( section #ae7;a7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gho7a77 to =eign brok] deal]s4 7ii7 ,regional c5t] c]tifications requir$ 7,i7 ,initial c]tification ,! ,secret>y ( ,homel& ,security may n approve an application = regional c5t] designation or regional c5t] am5dm5t unless ! regional c5t] c]tifies t1 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation1 ! regional c5t] is 9 compliance ) & has policies & proc$ures1 includ+ ^? relat$ to int]nal & ext]nal due dilig5ce1 reasonably design$ to confirm1 z applicable1 t all p>ties associat$ ) ! regional c5t] are & w rema9 9 compliance ) ! securities laws ( ! ,unit$ ,/ates & ( any ,/ate 9 :i*-- 7aa7 ! (f]1 pur*ase1 or sale ( securities 0 conduct$2 7bb7 ! issu] ( securities 0 locat$2 or 7cc7 ! inve/m5t advice 0 provid$ by ! regional c5t] or p>ties associat$ ) ! regional c5t]4 7,,ii7 ,reissue ,a regional c5t] %all annually reissue a c]tification describ$ 9 subclause 7,i71 9 accordance ) subp>agraph 7,g71 to c]tify compliance ) clause 7iii7 by /at+ t-- 7aa7 ! c]tifi] is 9 a position to h k ( ! (f]s1 pur*ases1 & sales ( securities or ! provision ( inve/m5t advice by p>ties associat$ ) ! regional c5t]2 7bb7 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation1 all su* (f]s1 pur*ases1 & sales ( securities or ! provision ( inve/m5t advice compli$ ) ! securities laws ( ! ,unit$ ,/ates & ! securities laws ( any ,/ate 9 :i* ! (f]1 pur*ase1 or sale ( securities 0 conduct$1 ! issu] ( securities 0 locat$1 or ! inve/m5t advice 0 provid$2 & 7cc7 records1 data1 & in=mation relat$ to su* (f]s1 pur*ases1 & sales h be5 ma9ta9$4 7,,iii7 ,effect ( noncompliance ,if a regional c5t]1 ?r\gh its due dilig5ce1 discov]$ dur+ ! previ\s fiscal ye> t ! regional c5t] or any p>ty associat$ ) ! regional c5t] 0 n 9 compliance ) ! securities laws ( ! ,unit$ ,/ates or ! securities laws ( any ,/ate 9 :i* ! securities activities 7 conduct$ by any p>ty associat$ ) ! regional c5t]1 ! c]tifi] %all-- 7aa7 describe ! activities t l$ to noncompliance2 7bb7 describe ! actions tak5 to rem$y ! noncompliance2 & 7cc7 c]tify t ! regional c5t] & all p>ties associat$ ) ! regional c5t] are curr5tly 9 compliance1 to ! be/ ( ! c]tifi]'s k1 aft] a due dilig5ce inve/igation4 7iii7 ,ov]sight requir$ ,ea* regional c5t] %all-- 7,i7 monitor & sup]vise all (f]s1 pur*ases1 & sales (1 & inve/m5t advice relat+ to securities made by p>ties associat$ ) ! regional c5t] to confirm compliance ) ! securities laws ( ! ,unit$ ,/ates2 7,,ii7 ma9ta9 records1 data1 & in=mation relat+ to all su* (f]s1 pur*ases1 sales1 & inve/m5t advice dur+ ! #e-ye> p]iod beg9n+ on ! date ( _! creation2 & 7,,iii7 make ! records1 data1 & in=mation describ$ 9 subclause 7,,ii7 available to ! ,secret>y ^u reque/4 7iv7 ,susp5sion or t]m9ation ,9 addition to any o!r au?ority provid$ to ! ,secret>y "u ?is p>agraph1 ! ,secret>y may susp5d or t]m9ate ! designation ( any regional c5t] or impose o!r sanctions aga9/ ! regional c5t] if ! regional c5t]1 or any p>ties associat$ ) ! regional c5t] t ! regional c5t] knew or reasonably %\ld h kn[n-- 7,i7 are 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 security or ! provision ( inve/m5t advice2 7,,ii7 are subject to any f9al ord] ( ! ,securities & ,ex*ange ,commission or a ,/ate securities regulator t-- 7aa7 b>s su* p]son f association ) an entity regulat$ by ! ,securities & ,ex*ange ,commission or a ,/ate securities regulator2 or 7bb7 con/itutes a f9al ord] bas$ on a f9d+ ( an int5tional violation or a violation relat$ to fraud or deceit 9 connection ) ! (f]1 pur*ase1 or sale (1 or inve/m5t advice relat+ to1 a security2 or 7,,iii7 submitt$ or caus$ to be submitt$ a c]tification describ$ 9 clause 7ii7 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 7v7 ,def9$ t]m ,9 ?is subp>agraph1 ! t]m p>ties associat$ ) a regional c5t] means-- 7,i7 ! regional c5t]2 7,,ii7 any new comm]cial ent]prise or affiliat$ job-creat+ entity or issu] ( securities "u common control ) ! regional c5t]2 & 7,,iii7 ! regional c5t]'s & new comm]cial ent]prise's pr9cipal own]s1 (fic]s1 directors1 manag]s & any p]son ve/$ ) ! p[] to legally b9d ! regional c5t] or new comm]cial ent]prise4 7vi7 ,sav+s provision ,no?+ 9 ?is subp>agraph may be con/ru$ to impair or limit ! au?ority ( ! ,securities & ,ex*ange ,commission "u ! ,f$]al securities laws or any ,/ate securities regulator "u ,/ate securities laws4 7,j7 ,,eb-#e integrity fund 7i7 ,e/abli%m5t ,!re is e/abli%$ 9 ! ,unit$ ,/ates ,treasury a special fund1 :i* %all be kn[n z ! ,,eb-#e ,integrity ,fund 7ref]r$ to 9 ?is subp>agraph z ! ,fund74 ,am\nts deposit$ into ! ,fund %all be available to ! ,secret>y ( ,homel& ,security until exp5d$ = ! purposes set =? 9 clause 7iii74 7ii7 ,fees 7,i7 ,annual fee ,on ,april #a1 #bjaf1 & on ,janu>y #a ( ea* ye> !reaft]1 ! ,secret>y ( ,homel& ,security %all-- 7aa7 except z provid$ 9 item 7bb71 collect a fee ( #bj1jjj f ea* regional c5t] designat$ "u subp>agraph 7,e72 7bb7 collect a fee ( #aj1jjj f ea* regional c5t] designat$ "u subp>agraph 7,e7 t has #bj or few] total inve/ors 9 ! prec$+ fiscal ye> 9 its new comm]cial ent]prises2 & 7cc7 deposit ! fees collect$ pursuant to items 7aa7 & 7bb7 into ! ,fund4 7,,ii7 ,petition fee ,beg9n+ on ,april #a1 #bjaf1 ! ,secret>y %all collect a fee ( #a1jjj ) ea* petition fil$ "u section #bjd7;a77#a77;,h7 = classification "u subp>agraph 7,e7 & deposit ea* fee collect$ "u ?is subclause into ! ,fund4 7,,iii7 ,increases ,! ,secret>y may prescribe su* regulations z may be necess>y to increase ! doll> am\nts "u ?is clause to ensure t ! ,fund is suffici5t to c>ry out ! purposes set =? 9 clause 7iii74 7iii7 ,p]missible uses ( fund ,! ,secret>y %all-- 7,i7 use n less ?an #a_/c ( ! am\nts deposit$ into ! ,fund to conduct audits & site visits 7) or )\t notice72 7,,ii7 use n less ?an #a_/c ( ! am\nts deposit$ into ! ,fund = inve/igations bas$ outside ( ! ,unit$ ,/ates1 includ+-- 7aa7 monitor+ & inve/igat+ program-relat$ ev5ts & promotional activities2 & 7bb7 ensur+ ! compliance ( ali5 inve/ors ) subp>agraph 7,l72 7,,iii7 use am\nts deposit$ into ! ,fund-- 7aa7 to detect & inve/igate fraud or o!r crimes2 & 7bb7 to det]m9e :e!r regional c5t]s1 new comm]cial ent]prises1 any affiliat$ job-creat+ entities1 & ali5 inve/ors 7& _! ali5 sp\ses & ali5 *ildr57 comply ) ! immigration laws2 7,,iv7 use am\nts deposit$ into ! ,fund to conduct int]views ( ! own]s1 (fic]s1 directors1 manag]s1 p>tn]s1 ag5ts1 employees1 promot]s1 & attorneys ( regional c5t]s1 new comm]cial ent]prises1 & job-creat+ entities2 & 7,v7 use am\nts deposit$ into ! ,fund z ! ,secret>y det]m9es to be necess>y1 includ+ to monitor compliance ) ! requirem5ts "u section #c ( ! ,,eb-#e ,integrity ,act ( #bjaf4 7iv7 ,failure to pay fee ,! ,secret>y %all-- 7,i7 impose a reasonable p5alty1 :i* %all be deposit$ into ! ,fund1 if a regional c5t] does n pay ! fee requir$ "u clause 7ii7 )9 #cj days aft] ! date on :i* su* fee is due2 & 7,,ii7 t]m9ate ! designation ( any regional c5t] t does n pay ! fee requir$ "u clause 7ii7 )9 #ij days aft] ! date on :i* su* fee is due4 7v7 ,report ,! ,secret>y %all submit an annual report to ! ,committee on ! ,judici>y ( ! ,s5ate & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives t describes h[ am\nts 9 ! ,fund 7 exp5d$ dur+ ! previ\s fiscal ye>4 7,k7 ,direct & ?ird-p>ty promot]s 7i7 ,rules & /&>ds ,direct & ?ird-p>ty promot]s ( a regional c5t]1 any new comm]cial ent]prise1 an affiliat$ job-creat+ entity1 or issu] ( securities "u common control ) ! regional c5t] %all comply ) ! rules & /&>ds prescrib$ by ! ,secret>y ( ,homel& ,security & any applicable ,f$]al or ,/ate securities laws1 to ov]see regional c5t] promotion1 includ+-- 7,i7 regi/ration ) ,u4,s4 ,citiz5%ip & ,immigration ,s]vices1 :i*-- 7aa7 may be limit$ to id5tify+ & contact in=mation ( su* promot] & confirmation ( ! exi/5ce ( ! writt5 agreem5t requir$ "u clause 7iii72 7bb7 may n include any requirem5t t ,u4,s4 ,citiz5%ip & ,immigration ,s]vices approve ! regi/ration ( su* promot]2 & 7cc7 may p]mit ! li/ ( su* regi/]$ promot]s to be made publicly available2 7,,ii7 c]tification by ea* promot] t su* promot] is n ineligible "u subp>agraph 7,h77i72 7,,iii7 guidel9es = repres5t+ ! visa process to =eign inve/ors2 & 7,,iv7 p]missible fee arrangem5ts1 if applicable4 7ii7 ,effect ( violation ,if ! ,secret>y det]m9es t a direct or ?ird-p>ty promot] has violat$ clause 7i71 ! ,secret>y %all susp5d or p]man5tly b> su* individual f p>ticipation 9 ! program describ$ 9 subp>agraph 7,e74 7iii7 ,compliance ,ea* regional c5t] %all ma9ta9 a writt5 agreem5t betwe5 ! regional c5t]1 ! new comm]cial ent]prise1 any affiliat$ job-creat+ entity1 or any issu] ( securities "u common control ) ! regional c5t]1 & ea* direct or ?ird-p>ty promot] op]at+ on behalf ( su* entities or issu] t outl9es ! rules & /&>ds prescrib$ "u clause 7i74 7iv7 ,disclosure ,ea* petition fil$ "u section #bjd7;a77#a77;,h7 %all include a disclosure1 sign$ by ! inve/or1 t reflects all fees1 ongo+ int]e/1 & o!r comp5sation paid to any p]son t ! regional c5t] or new comm]cial ent]prise kn[s has receiv$1 or w receive1 9 connection ) ! inve/m5t1 includ+ comp5sation to ag5ts1 f9d]s1 or brok] deal]s involv$ 9 ! (f]+1 to ! ext5t n already specifically id5tifi$ 9 ! bus9ess plan fil$ "u subp>agraph 7,f74 7,l7 ,s\rce ( funds 7i7 ,9 g5]al ,an ali5 inve/or %all demon/rate t ! capital requir$ "u subp>agraph 7,a7 & any am\nts us$ to pay adm9i/rative co/s & fees associat$ ) ! ali5's inve/m5t 7 obta9$ f a lawful s\rce & ?r\gh lawful means4 7ii7 ,requir$ in=mation ,! ,secret>y ( ,homel& ,security %all require t an ali5 inve/or's petition "u ?is p>agraph conta91 z applicable-- 7,i7 bus9ess & tax records1 includ+-- 7aa7 =eign bus9ess regi/ration records1 if applicable2 7bb7 corporate or p>tn]%ip tax returns 7or tax returns ( any o!r entity 9 any =m fil$ 9 any c\ntry or subdivision ( su* c\ntry71 & p]sonal tax returns includ+ income1 fran*ise1 prop]ty 7:e!r real1 p]sonal1 or intangible71 or any o!r tax returns ( any k9d1 fil$ dur+ ! pa/ #g ye>s1 or ano!r p]iod to be det]m9$ by ! ,secret>y to ensure t ! inve/m5t is obta9$ f a lawful s\rce ( funds1 ) any tax+ jurisdiction 9 or outside ! ,unit$ ,/ates by or on behalf ( ! ali5 inve/or1 if applicable2 & 7cc7 evid5ce id5tify+ any o!r s\rce ( capital or adm9i/rative fees2 7,,ii7 evid5ce relat$ to monet>y judgm5ts aga9/ ! ali5 inve/or1 includ+ c]tifi$ copies ( any judgm5ts1 & evid5ce ( all p5d+ gov]nm5tal civil or crim9al actions1 gov]nm5tal adm9i/rative proce$+s1 & any private civil actions involv+ possible monet>y judgm5ts aga9/ ! ali5 inve/or f any c\rt 9 or outside ! ,unit$ ,/ates2 & 7,,iii7 ! id5tity ( all p]sons :o transf] into ! ,unit$ ,/ates1 on behalf ( ! inve/or-- 7aa7 any funds t are us$ to meet ! capital requirem5t "u subp>agraph 7,a72 & 7bb7 any funds t are us$ to pay adm9i/rative co/s & fees associat$ ) ! ali5's inve/m5t4 7iii7 ,gift re/rictions ,gift$ funds may be c\nt$ t[>d ! m9imum capital inve/m5t requirem5t "u subp>agraph 7,c7 only if su* funds 7 gift$ to ! ali5 inve/or 9 good fai? & n to circumv5t any limitations impos$ on p]missible s\rces ( capital "u ?is subp>agraph4 ,if a significant portion ( ! capital inve/$ "u subp>agraph 7,a7 0 gift$ to ! ali5 inve/or1 ! ,secret>y %all require ! ali5 inve/or's petition "u ?is p>agraph to include records describ$ 9 subclauses 7,i7 & 7,,ii7 ( clause 7ii7 f ! donor4 7,m7 ,treatm5t ( inve/ors if a regional c5t] has be5 t]m9at$ 7i7 ,9 g5]al ,^u ! t]m9ation or deb>m5t1 z applicable1 f ! program "u ?is p>agraph ( a regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity "u ?is p>agraph-- 7,i7 except z provid$ 9 subclause 7,,ii71 an o!rwise qualifi$ approv$ petition "u section #bjd7;a77#a77;,h7 or ! conditional p]man5t resid5ce ( an ali5 :o has be5 admitt$ to ! ,unit$ ,/ates pursuant to section #baf;,a7a77#a7 bas$ on an inve/m5t 9 a t]m9at$ regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity %all rema9 valid or cont9ue to be au?oriz$1 z applicable1 consi/5t ) ?is subp>agraph2 & 7,,ii7 if ! ,secret>y has reason to believe ! ali5 0 a kn[+ p>ticipant 9 ! conduct t l$ to ! t]m9ation ( su* regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity1 ! ,secret>y %all notify ! ali5 ( su* belief &1 subject to section #baf;,a7b77#b71 %all t]m9ate ! p]man5t resid5t /atus ( ! ali5 7& ! ali5's sp\se & *ild7 z ( ! date ( su* det]m9ation4 7ii7 ,new regional c5t] or inve/m5t ,! petition "u section #bjd7;a77#a77;,h7 ( an ali5 describ$ 9 clause 7i77,i7 %all be d5i$ or revok$ or ! conditional p]man5t resid5t /atus ( an ali5 describ$ 9 clause 7i77,i7 %all be t]m9at$ #ahj days aft] ! t]m9ation f ! program "u ?is p>agraph ( a regional c5t]1 a new comm]cial ent]prise1 or a job creat+ entity unless-- 7,i7 9 ! case ( ! t]m9ation ( a regional c5t]-- 7aa7 ! new comm]cial ent]prise associates ) an approv$ regional c5t]1 reg>dless ( ! geography ( its designation2 7bb7 ! ali5 makes a qualify+ inve/m5t 9 ano!r comm]cial ent]prise associat$ ) an approv$ regional c5t]2 or 7cc7 ! ali5 makes a qualify+ inve/m5t 9 ano!r comm]cial ent]prise "u ?is p>agraph n associat$ ) a regional c5t]2 or 7,,ii7 9 ! case ( ! deb>m5t ( a new comm]cial ent]prise or job-creat+ entity1 ! ali5 inve/s 9 ano!r comm]cial ent]prise associat$ ) an approv$ regional c5t]4 7iii7 ,removal ( conditions ,ali5s describ$ 9 subclauses 7,i77bb71 7,i77cc71 & 7,,ii7 ( clause 7ii7 %all be eligible to h _! conditions remov$ pursuant to section #baf;,a beg9n+ on ! date t is #b ye>s aft] ! date ( ! subsequ5t inve/m5t4 7,n7 ,?reats to ! national int]e/ 7i7 ,d5ial or revocation ,! ,secret>y ( ,homel& ,security %all d5y or revoke ! approval ( a petition1 application1 or b5efit describ$ 9 ?is p>agraph1 includ+ ! docum5ts describ$ 9 clause 7ii71 if ! ,secret>y det]m9es t ! approval ( su* petition1 application1 or b5efit is contr>y to ! national int]e/ ( ! ,unit$ ,/ates = reasons relat+ to ?reats to public safety or national security4 7ii7 ,docum5ts ,! docum5ts describ$ 9 ?is clause are-- 7,i7 a c]tification1 designation1 or am5dm5t to ! designation ( a regional c5t]2 7,,ii7 a petition seek+ classification ( an ali5 z an ali5 inve/or "u ?is p>agraph2 7,,iii7 a petition to remove conditions "u section #baf;,a2 & 7,,iv7 an application = approval ( a bus9ess plan 9 a comm]cial ent]prise "u subp>agraph 7,f74 7iii7 ,deb>m5t ,if a regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity has its designation or p>ticipation 9 ! program "u ?is p>agraph t]m9at$ = reasons relat+ to public safety or national security1 any p]son associat$ ) su* regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity1 includ+ an ali5 inve/or1 %all be p]man5tly b>r$ f future p>ticipation 9 ! program "u ?is p>agraph if ! ,secret>y ( ,homel& ,security1 9 ! ,secret>y's discretion1 det]m9es1 by a prepond]ance ( ! evid5ce1 t su* p]son 0 a kn[+ p>ticipant 9 ! conduct t l$ to ! t]m9ation4 7iv7 ,notice ,if ! ,secret>y ( ,homel& ,security det]m9es t ! approval ( a petition1 application1 or b5efit describ$ 9 ?is p>agraph %\ld be d5i$ or revok$ pursuant to clause 7i71 ! ,secret>y %all-- 7,i7 notify ! relevant individual1 regional c5t]1 or comm]cial entity ( su* det]m9ation2 & 7,,ii7 d5y or revoke su* petition1 application1 or b5efit or t]m9ate ! p]man5t resid5t /atus ( ! ali5 7& ! ali5 sp\se & ali5 *ildr5 ( su* immigrant7 z ( ! date ( su* det]m9ation4 7v7 ,judicial review ,not)/&+ any o!r provision ( law 7/atutory or non/atutory71 includ+ section #bbda ( title #bh1 ,unit$ ,/ates ,code1 any o!r habeas corpus provision1 & sections #acfa & #afea ( su* title1 no c\rt %all h jurisdiction to review a d5ial or revocation "u ?is subp>agraph4 ,no?+ 9 ?is clause may be con/ru$ z preclud+ review ( con/itutional claims or que/ions ( law rais$ ^u a petition = review fil$ ) an appropriate c\rt ( appeals "u section #bdb4 7,o7 ,fraud1 misrepres5tation1 & crim9al misuse 7i7 ,d5ial or revocation ,! ,secret>y ( ,homel& ,security %all d5y or revoke ! approval ( a petition1 application1 or b5efit describ$ 9 ?is p>agraph1 includ+ ! docum5ts describ$ 9 subp>agraph 7,n77ii71 if ! ,secret>y det]m9es t su* petition1 application1 or b5efit 0 pr$icat$ on or involv$ fraud1 deceit1 int5tional mat]ial misrepres5tation1 or crim9al misuse4 7ii7 ,deb>m5t ,if a regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity has its designation or p>ticipation 9 ! program "u ?is p>agraph t]m9at$ = reasons relat+ to fraud1 int5tional mat]ial misrepres5tation1 or crim9al misuse1 any p]son associat$ ) su* regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity1 includ+ an ali5 inve/or1 %all be p]man5tly b>r$ f future p>ticipation 9 ! program "u ?is p>agraph if ! ,secret>y det]m9es1 by a prepond]ance ( ! evid5ce1 t su* p]son 0 a kn[+ p>ticipant 9 ! conduct t l$ to ! t]m9ation4 7iii7 ,notice ,if ! ,secret>y det]m9es t ! approval ( a petition1 application1 or b5efit describ$ 9 ?is p>agraph %\ld be d5i$ or revok$ pursuant to clause 7i71 ! ,secret>y %all-- 7,i7 notify ! relevant individual1 regional c5t]1 or comm]cial entity ( su* det]m9ation2 & 7,,ii7 d5y or revoke su* petition1 application1 or b5efit or t]m9ate ! p]man5t resid5t /atus ( ! ali5 7& ! ali5 sp\se & ali5 *ildr5 ( su* immigrant7 z ( ! date ( su* det]m9ation4 7,p7 ,adm9i/rative appellate review 7i7 ,9 g5]al ,! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices %all provide an opportunity = an adm9i/rative appellate review by ! ,adm9i/rative ,appeals ,(fice ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices ( any det]m9ation made "u ?is p>agraph1 includ+-- 7,i7 an application = regional c5t] designation or regional c5t] am5dm5t2 7,,ii7 an application = approval ( a bus9ess plan "u subp>agraph 7,f72 7,,iii7 a petition by an ali5 inve/or = /atus z an immigrant "u ?is p>agraph2 7,,iv7 ! t]m9ation or susp5sion ( any b5efit accord$ "u ?is p>agraph2 & 7,v7 any sanction impos$ by ! ,secret>y ( ,homel& ,security "u ?is p>agraph4 7ii7 ,judicial review ,subject to section #bdb7;a77#b71 & not)/&+ any o!r provision ( law 7/atutory or non/atutory71 includ+ section #bbda ( title #bh1 ,unit$ ,/ates ,code1 any o!r habeas corpus provision1 & sections #acfa & #afea ( su* title1 no c\rt %all h jurisdiction to review a det]m9ation "u ?is p>agraph until ! regional c5t]1 its associat$ entities1 or ! ali5 inve/or has exhau/$ all adm9i/rative appeals4 4 7b7 ,effective dates 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is section1 ?is section1 & ! am5dm5ts made by ?is section1 %all take effect on ! date t is #ij days aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,exceptions ,clause 7iv7 ( subp>agraph 7,e7 & subp>agraph 7,l7 ( section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 %all n apply to a petition t-- 7,a7 0 fil$ by an ali5 inve/or "u su* section #bjc7;b77#e7 be=e ! date ( ! enactm5t ( ?is ,act2 or 7,b7 is fil$ "u section #baf;,a ( su* ,act 7#h ,u4,s4,c4 #aahf;b7 if ! und]ly+ petition fil$ "u section #bjc7;b77#e7 ( su* ,act 0 fil$ be=e ! date ( ! enactm5t ( ?is ,act4 7c7 ,,gao report ,n lat] ?an ,decemb] #ca1 #bjah1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit a report to ! ,committee on ! ,judici>y ( ! ,s5ate & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives t describes-- 7#a7 ! economic b5efits ( ! regional c5t] program e/abli%$ "u section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e771 includ+ ! /eps tak5 by ,u4,s4 ,citiz5%ip & ,immigration ,s]vices to v]ify job creation2 7#b7 ! ext5t to :i* ,u4,s4 ,citiz5%ip & ,immigration ,s]vices ensures compliance by regional c5t] p>ticipants ) _! obligations "u ! immigrant inve/or program2 7#c7 ! ext5t to :i* ,u4,s4 ,citiz5%ip & ,immigration ,s]vices has ma9ta9$ records ( regional c5t]s & associat$ comm]cial ent]prises1 includ+ annual /atem5ts & c]tifications2 7#d7 ! /eps tak5 by ,u4,s4 ,citiz5%ip & ,immigration ,s]vices to v]ify ! s\rce ( funds1 z requir$ "u section #bjc7;b77#e77,l7 ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a72 7#e7 ! ext5t to :i* ,u4,s4 ,citiz5%ip & ,immigration ,s]vices collaborates ) o!r ,f$]al & law en=cem5t ag5cies1 p>ticul>ly to detect illegal activity & ?reats to national security relat$ to ! regional c5t] program2 7#f7 ! ext5t to :i* ,u4,s4 ,citiz5%ip & ,immigration ,s]vices has prev5t$ fraud & abuse 9 regional c5t] activities1 includ+ ! designation ( t>get$ employm5t areas 9 areas t o!rwise h high employm5t2 7#g7 ! ext5t to :i* ,u4,s4 ,citiz5%ip & ,immigration ,s]vices has us$ its au?ority to sanction1 susp5d1 b>1 or t]m9ate regional c5t]s or individuals affiliat$ ) regional c5t]s2 7#h7 ! /eps tak5 to ov]see direct & ?ird-p>ty promot]s "u section #bjc7;b77#e77,k7 ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a72 7#i7 ! ext5t to :i* employees ( ! ,dep>tm5t ( ,homel& ,security h compli$ ) ! e?ical /&>ds & transp>5cy requirem5ts set =? 9 section #c2 & 7#aj7 ! am\nts exp5d$ f ! ,,eb-#e ,integrity ,fund e/abli%$ "u section #bjc7;b77#e77;,j7 ( ! ,immigration & ,nationality ,act1 z add$ by subsection 7a74 7d7 ,inspector g5]al report ,n lat] ?an ,decemb] #ca1 #bjah1 ! ,inspector ,g5]al ( ! ,intellig5ce ,community1 9 coord9ation ) ! ,inspector ,g5]al ( ! ,dep>tm5t ( ,homel& ,security & aft] consultation ) relevant ,f$]al ag5cies1 includ+ ,u4,s4 ,immigration & ,cu/oms ,en=cem5t1 %all submit a report to ! ,committee on ! ,judici>y ( ! ,s5ate & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives reg>d+ ! immigrant visa program set =? 9 section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 t describes-- 7#a7 ! vuln]abilities )9 ! program t may und]m9e ! national security ( ! ,unit$ ,/ates2 7#b7 ! actual or pot5tial use ( ! program to facilitate export ( s5sitive te*nology2 7#c7 ! actual or pot5tial use ( ! program to facilitate economic espionage2 7#d7 ! actual or pot5tial use ( ! program by =eign gov]nm5t ag5ts2 & 7#e7 ! actual or pot5tial use ( ! program to facilitate t]rori/ activity1 includ+ fund+ t]rori/ activity or laund]+ t]rori/ funds4 7e7 ,review ( job creation me?odologies ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,homel& ,security1 9 consultation ) ! ,bureau ( ,economic ,analysis ( ! ,dep>tm5t ( ,comm]ce1 or ano!r compon5t )9 ! ,dep>tm5t ( ,comm]ce1 z det]m9$ by ! ,secret>y ( ,comm]ce1 %all issue regulations to det]m9e economically & /ati/ically valid g5]al economic me?odologies t comply ) section #bjc7;b77#e77;,a77ii7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77;,a77ii774 7f7 ,te*nical am5dm5t ,section #bjc7;b77#e77;,c77iii7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77;,c77iii77 is am5d$ by /rik+ ,attorney ,g5]al & ins]t+ ,secret>y ( ,homel& ,security4 7g7 ,def9itions 7#a7 ,9 g5]al ,section #bjc7;b77#e77;,d7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77;,d77 is am5d$ to read z foll[s3 7,d7 ,def9itions ,9 ?is p>agraph3 7i7 ,affiliat$ job-creat+ entity ,! t]m affiliat$ job-creat+ entity means any job-creat+ entity t is controll$1 manag$1 or own$ by any ( ! p]sons involv$ ) ! regional c5t] or new comm]cial ent]prise "u subp>agraph 7,h77v74 7ii7 ,capital ,! t]m capital-- 7,i7 means ca% 7includ+ ! ca% proce$s ( indebt$ness7 & all real1 p]sonal1 or mix$ tangible assets own$ & controll$ by ! ali5 inve/or1 or held 9 tru/ = ! b5efit ( ! ali5 & to :i* ! ali5 has unre/rict$ access2 7,,ii7 %all be valu$ at fair m>ket value 9 ,unit$ ,/ates doll>s1 9 accordance ) ,g5]ally ,accept$ ,acc\nt+ ,pr9ciples or o!r /&>d acc\nt+ practice adopt$ by ! ,securities & ,ex*ange ,commission1 at ! "t su* capital is inve/$ "u ?is p>agraph2 & 7,,iii7 %all n include assets acquir$1 directly or indirectly1 by unlawful means1 includ+ any ca% proce$s ( indebt$ness secur$ by su* assets4 7iii7 ,c]tifi] ,! t]m c]tifi] means a p]son 9 a position ( sub/antive au?ority = ! managem5t or op]ations ( a regional c5t]1 new comm]cial ent]prise1 affiliat$ job-creat+ entity1 or issu] ( securities "u common control ) any ( su* entities1 su* z a pr9cipal executive (fic] or pr9cipal f9ancial (fic]1 ) k ( su* entities' policies & proc$ures relat$ to compliance ) ! requirem5ts "u ?is p>agraph4 7iv7 ,full-"t employm5t ,! t]m 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 ! position4 7v7 ,job-creat+ entity ,! t]m job-creat+ entity means any organization t-- 7,i7 is =m$ 9 ! ,unit$ ,/ates = ! ongo+ conduct ( lawful bus9ess1 includ+ a p>tn]%ip 7:e!r limit$ or g5]al71 corporation1 limit$ liability company1 or o!r entity t receives1 or is e/abli%$ to receive1 capital inve/m5t f ali5 inve/ors or a new comm]cial ent]prise "u ! regional c5t] program describ$ 9 subp>agraph 7,e72 & 7,,ii7 is responsible = creat+ jobs to satisfy ! requirem5t "u subp>agraph 7,a77ii74 7vi7 ,new comm]cial ent]prise ,! t]m new comm]cial ent]prise means any =-pr(it organization =m$ 9 ! ,unit$ ,/ates = ! ongo+ conduct ( lawful bus9ess1 includ+ a p>tn]%ip 7:e!r limit$ or g5]al71 corporation1 limit$ liability company1 or o!r entity t receives1 or is e/abli%$ to receive1 capital inve/m5t f inve/ors "u ?is p>agraph4 4 7#b7 ,effective dates ,! am5dm5ts made by ?is subsection %all take effect on ! date ( ! enactm5t ( ?is ,act4 #c4 ,transp>5cy 7a7 ,9 g5]al ,employees ( ! ,dep>tm5t ( ,homel& ,security1 includ+ ! ,secret>y ( ,homel& ,security1 ! ,secret>y's c\nselors1 ! ,assi/ant ,secret>y = ! ,private ,sector1 ! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices1 c\nselors to su* ,director1 & ! ,*ief ( ,immigrant ,inve/or ,programs at ,u4,s4 ,citiz5%ip & ,immigration ,s]vices1 %all act imp>tially & may n give pref]5tial treatm5t to any entity1 organization1 or individual 9 connection ) any aspect ( ! immigrant visa program describ$ 9 section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e774 7b7 ,improp] activities ,activities t con/itute pref]5tial treatm5t "u subsection 7a7 %all include-- 7#a7 work+ on1 or 9 any way attempt+ to influ5ce1 9 a mann] n available to or accord$ to all o!r petition]s1 applicants1 & seek]s ( b5efits "u ! immigrant visa program describ$ 9 section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e771 ! /&>d process+ ( an application1 petition1 or b5efit =-- 7,a7 a regional c5t]2 7,b7 a new comm]cial ent]prise2 7,c7 a job-creat+ entity2 or 7,d7 any p]son or entity associat$ ) su* regional c5t]1 new comm]cial ent]prise1 or job-creat+ entity2 & 7#b7 meet+ or communicat+ ) p]sons associat$ ) ! entities describ$ 9 p>agraph 7#a71 at ! reque/ ( su* p]sons1 9 a mann] n available to or accord$ to all o!r petition]s1 applicants1 & seek]s ( b5efits "u su* immigrant visa program4 7c7 ,report+ ( communications 7#a7 ,writt5 communication ,employees ( ! ,dep>tm5t ( ,homel& ,security1 includ+ ! (ficials li/$ 9 subsection 7a71 %all include1 9 ! record ( proce$+ = a case "u section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e771 actual or electronic copies ( all case-specific writt5 communication1 includ+ e-mails f gov]nm5t & private acc\nts1 ) non-,dep>tm5t p]sons or entities advocat+ = regional c5t] applications or individual petitions "u su* section t are p5d+ on or aft] ! date ( ! enactm5t ( ?is ,act 7o!r ?an r\t9e communications ) o!r ag5cies ( ! ,f$]al ,gov]nm5t reg>d+ ! case1 includ+ communications involv+ backgr\nd *ecks & litigation def5se74 7#b7 ,oral communication ,if sub/antive oral communication1 includ+ telephonic communication1 virtual communication1 & 9-p]son meet+s1 takes place betwe5 (ficials ( ! ,dep>tm5t ( ,homel& ,security & non-,dep>tm5t p]sons or entities advocat+ = regional c5t] applications or individual petitions "u section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 t are p5d+ on or aft] ! date ( ! enactm5t ( ?is ,act 7o!r ?an r\t9e communications ) o!r ag5cies ( ! ,f$]al ,gov]nm5t reg>d+ ! case1 includ+ communications involv+ backgr\nd *ecks & litigation def5se7-- 7,a7 ! conv]sation %all be record$2 or 7,b7 detail$ m9utes ( ! session %all be tak5 & includ$ 9 ! record ( proce$+4 7#c7 ,notification 7,a7 ,9 g5]al ,if ! ,secret>y ( ,homel& ,security1 9 ! c\rse ( writt5 or oral communication describ$ 9 ?is subsection1 receives evid5ce ab\t a specific case f anyone o!r ?an an affect$ p>ty or 8 or h] repres5tative 7exclud+ ,f$]al ,gov]nm5t or law en=cem5t s\rces71 su* in=mation may n be made "p ( ! record ( proce$+ & may n be consid]$ 9 adjudicative proce$+s unless-- 7i7 ! affect$ p>ty has be5 giv5 notice ( su* evid5ce2 & 7ii7 if su* evid5ce is d]ogatory1 ! affect$ p>ty has be5 giv5 an opportunity to respond to ! evid5ce4 7,b7 ,in=mation f law en=cem5t1 intellig5ce ag5cies1 or confid5tial s\rces 7i7 ,law en=cem5t or intellig5ce ag5cies ,evid5ce receiv$ f law en=cem5t or intellig5ce ag5cies may n be made "p ( ! record ( proce$+ )\t ! cons5t ( ! relevant ag5cy or law en=cem5t entity4 7ii7 ,:i/lebl[]s1 confid5tial s\rces1 or intellig5ce ag5cies ,evid5ce receiv$ f :i/lebl[]s1 o!r confid5tial s\rces1 or ! intellig5ce community t is includ$ 9 ! record ( proce$+ & consid]$ 9 adjudicative proce$+s %all be h&l$ 9 a mann] t does n reveal ! id5tity ( ! :i/lebl[] or confid5tial s\rce1 or reveal classifi$ in=mation4 7d7 ,consid]ation ( evid5ce 7#a7 ,9 g5]al ,case-specific communication ) p]sons or entities t are n "p ( ! ,dep>tm5t ( ,homel& ,security may n be consid]$ 9 ! adjudication ( an application or petition "u section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 unless ! communication is includ$ 9 ! record ( proce$+ ( ! case4 7#b7 ,waiv] ,! ,secret>y ( ,homel& ,security may waive ! application ( p>agraph 7#a7 only 9 ! int]e/s ( national security or = inve/igative or law en=cem5t purposes4 7e7 ,*annels ( communication 7#a7 ,e-mail address or equival5t ,! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices %all ma9ta9 an e-mail acc\nt 7or equival5t means ( communication7 = p]sons or entities-- 7,a7 ) inquiries reg>d+ specific petitions or applications "u ! immigrant visa program describ$ 9 section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e772 or 7,b7 seek+ non-case-specific in=mation ab\t ! immigrant visa program describ$ 9 su* section #bjc7;b77#e74 7#b7 ,communication only ?r\gh appropriate *annels or (fices 7,a7 ,ann\ncem5t ( appropriate *annels ( communication ,n lat] ?an #dj days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices %all ann\nce t ! only *annels or (fices by :i* indu/ry /akehold]s1 petition]s1 applicants1 & seek]s ( b5efits "u ! immigrant visa program describ$ 9 section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 may communicate ) ! ,dep>tm5t ( ,homel& ,security reg>d+ specific cases "u su* section 7except = communication made by applicants & petition]s pursuant to regul> adjudicatory proc$ures71 or non-case-specific in=mation ab\t ! visa program applicable to c]ta9 cases "u su* section1 are ?r\gh-- 7i7 ! e-mail address or equival5t *annel describ$ 9 p>agraph 7#a72 7ii7 ! ,national ,cu/om] ,s]vice ,c5t] ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices1 or any successor to t ,c5t]2 or 7iii7 ! ,cu/om] ,s]vice & ,public ,engagem5t ,directorate1 ! ,immigrant ,inve/or ,program ,(fice1 or any successor ag5cies4 7,b7 ,direction ( incom+ communications 7i7 ,9 g5]al ,employees ( ! ,dep>tm5t ( ,homel& ,security %all direct communications describ$ 9 subp>agraph 7,a7 to ! *annels ( communication or (fices li/$ 9 subp>agraph 7,a74 7ii7 ,rule ( con/ruction ,no?+ 9 ?is subp>agraph may be con/ru$ to prev5t-- 7,i7 any p]son f communicat+ ) ! ,ombudsman ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices reg>d+ ! immigrant inve/or program "u section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e772 or 7,,ii7 ! ,ombudsman f resolv+ problems reg>d+ su* immigrant inve/or program "u section #deb ( ! ,homel& ,security ,act ( #bjjb 7#f ,u4,s4,c4 #bgb74 7,c7 ,log 7i7 ,9 g5]al ,! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices %all ma9ta9 a writt5 or electronic log (-- 7,i7 all communications describ$ 9 subp>agraph 7,a7 & communications f ,memb]s ( ,congress1 :i* %all ref]5ce-- 7aa7 ! date1 "t1 & subject ( ! communication2 & 7bb7 ! id5tity ( ! ,dep>tm5t ( ,homel& ,security (ficial1 if any1 to :om ! inquiry 0 =w>d$2 7,,ii7 ) respect to writt5 communications describ$ 9 subsection 7c77#a7-- 7aa7 ! date on :i* su* communication 0 receiv$2 7bb7 ! id5tities ( ! s5d] & addressee2 & 7cc7 ! subject ( su* communication2 & 7,,iii7 ) respect to oral communications describ$ 9 subsection 7c77#b7-- 7aa7 ! date on :i* su* communication occurr$2 7bb7 ! p>ticipants 9 ! conv]sation or meet+2 & 7cc7 ! subject ( su* communication4 7ii7 ,transp>5cy ,! log ( communications describ$ 9 clause 7i7 %all be made publicly available 9 accordance ) section #eeb ( title #e1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,fre$om ( ,in=mation ,act74 7#c7 ,publication ( in=mation ,if1 z a result ( a communication ) an (ficial ( ! ,dep>tm5t ( ,homel& ,security1 a p]son or entity inquir+ ab\t a specific case or ab\t ! immigrant visa program describ$ 9 section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 receiv$ g5]ally applicable & non-case-specific in=mation ab\t program requirem5ts or adm9i/ration t has n be5 made publicly available by ! ,dep>tm5t1 ! ,director ( ,u4,s4 ,citiz5%ip & ,immigration ,s]vices %all publi% su* in=mation on ! ,u4,s4 ,citiz5%ip & ,immigration ,s]vices website1 n lat] ?an #cj days aft] ! communication ( su* in=mation to su* p]son or entity1 z an update to ! relevant ,frequ5tly ,ask$ ,que/ions page or by "s o!r comp>able me*anism4 7f7 ,p5alty 7#a7 ,9 g5]al ,any p]son :o int5tionally violates ! prohibition on pref]5tial treatm5t "u ?is section or int5tionally violates ! report+ requirem5ts "u subsection 7c7 %all be discipl9$ 9 accordance ) p>agraph 7#b74 7#b7 ,sanctions ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,homel& ,security %all e/abli%1 9 addition to any crim9al or civil p5alties t may be impos$1 a graduat$ set ( sanctions bas$ on ! sev]ity ( ! violation ref]r$ to 9 p>agraph 7#a71 :i* may include writt5 reprim&1 susp5sion1 demotion1 or removal4 7g7 ,rule ( con/ruction ,no?+ 9 ?is section may be con/ru$ to modify any law1 regulation1 or policy reg>d+ ! h&l+ or disclosure ( classifi$ in=mation4 7h7 ,no creation ( private "r ( action ,no?+ 9 ?is section may be con/ru$ to create or au?orize a private "r ( action to *all5ge a decision ( an employee ( ! ,dep>tm5t ( ,homel& ,security4 7i7 ,effective date ,?is section1 & ! am5dm5ts made by ?is section1 %all take effect on ! date ( ! enactm5t ( ?is ,act4