,i #aad? ,,congress #a/ ,session ,h4 ,r4 #faf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bh1 #bjae ,mr4 ,polis 7= himself & ,mr4 ,amodei7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ! ,judici>y ,a ,,bill ,to am5d ! ,immigration & ,nationality ,act to provide = re=ms to ! ,,eb-#e immigrant inve/or program1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,entrepr5eur%ip & ,inve/m5t ,act ( #bjae4 #b4 ,! ,,eb-#e employm5t-creation immigrant inve/or program 7a7 ,re=m+ ! ,,eb-#e immigrant inve/or program ,section #bjc7;b77#e7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e77 is am5d$ z foll[s3 7#a7 ,type ( inve/m5t ,9 subp>agraph 7,a71 by ins]t+ or simil> entity aft] includ+ a limit$ p>tn]%ip4 7#b7 ,t>get$ employm5t area ,9 subp>agraph 7,b7-- 7,a7 by am5d+ clause 7i7 to read z foll[s3 7i7 ,9 g5]al ,n few] ?an #e1jjj ( ! 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,a71 :i*-- 7,i7 is inve/+ su* capital 9 a t>get$ employm5t area2 & 7,,ii7 w create employm5t 9 su* t>get$ employm5t area4 2 & 7,b7 by ins]t+ aft] clause 7iii7 ! foll[+3 7iv7 ,/ate det]m9ations ,9 a case 9 :i* a geographic area is det]m9$ "u clause 7ii7 to be a t>get$ employm5t area by a delegat$ ,/ate ag5cy1 & su* a det]m9ation has be5 made us+ acceptable data s\rces to include ,u4,s4 ,c5sus ,bureau data 7includ+ data f ! ,am]ican ,community ,survey7 & data f ! ,bureau ( ,labor ,/ati/ics 7includ+ data f ! ,local ,area ,unemploym5t ,/ati/ics71 ,! ,secret>y ( ,homel& ,security or h] designee %all def] to a /ate's designation z conclusive4 7v7 ,effect ( prior det]m9ation ,9 a case 9 :i* an area is det]m9$ "u clause 7ii7 to be a t>get$ employm5t area1 su* det]m9ation %all rema9 9 effect dur+ ! #b-ye> p]iod beg9n+ on ! date ( ! det]m9ation = purposes ( an ali5 seek+ a visa res]v$ "u ?is subp>agraph4 4 7#c7 ,p]man5t au?orization ( regional c5t] program ,by add+ aft] subp>agraph 7,d7 ! foll[+3 7,e7 ,employm5t creation regional c5t]s 7i7 ,9 g5]al ,visas "u ?is p>agraph %all be made available to qualifi$ immigrants :o p>ticipate 9 a program involv+ a regional c5t] 9 ! ,unit$ ,/ates1 :i* has be5 designat$ by ! ,secret>y ( ,homel& ,security1 9 consultation ) ! ,secret>y ( ,comm]ce1 on ! basis ( a g5]al proposal1 = ! promotion ( economic gr[?1 includ+ increas$ exports1 improv$ regional productivity1 job creation1 & 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+-- 7,i7 ! k9ds ( new comm]cial ent]prises t w receive capital f ali5s2 7,,ii7 ! jobs t w be creat$ directly or indirectly z a result ( su* inve/m5ts2 & 7,,iii7 o!r positive economic effects su* 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 7iii7 ,special proc$ures 7,i7 ,preapproval ( new comm]cial ent]prises ,! ,secret>y ( ,homel& ,security %all e/abli% a preapproval proc$ure = comm]cial ent]prises t-- 7aa7 all[s a regional c5t] or pot5tial regional c5t] to apply to ! ,secret>y = preapproval ( 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 7bb7 9 consid]+ an application "u subclause 7,i7-- 7,,aa7 all[s ! applicant to address & cure any defici5cies id5tifi$ by ! ,secret>y 9 ! application prior to f9al det]m9ation on ! application2 & 7,,bb7 requires t ! ,secret>y make f9al decisions on all issues "u ?is p>agraph o!r ?an ^? issues unique to ea* individual inve/or 9 ! new comm]cial ent]prise2 & 7cc7 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 7,,ii7 ,def]5ce to prior rul+s ,except 9 ! case ( mat]ial *ange1 fraud1 or legal defici5cy1 ! ,secret>y ( ,homel& ,security %all give def]5ce to1 & n revisit1 favorable det]m9ations made p]ta9+ to a comm]cial ent]prise dur+ ! adjudication (-- 7aa7 petitions fil$ by immigrants inve/+ 9 ! comm]cial ent]prise "u ?is subp>agraph2 or 7bb7 petitions fil$ by su* immigrants "u section #baf;,a = removal ( conditional basis4 7iv7 ,process+ times ,! ,secret>y ( ,homel& ,security %all make det]m9ations on a proposal "u clause 7i7 or an application "u clause 7iii7 n lat] ?an #ahj days aft] ! date on :i* ! proposal or application is fil$4 ,9 ! ev5t t additional in=mation or docum5tation is reque/$ by ! ,secret>y1 ! ,secret>y %all adjudicate ! proposal or application n lat] ?an #cj days aft] ! receipt ( su* in=mation or docum5tation4 ,! fil+ p>ty %all be notifi$ 9 writ+ )9 #cj days ( ! date ( fil+ if ! fil+ does n meet ! /&>ds = approval4 ,if ! fil+ does n meet su* /&>ds1 ! notice %all include ! reasons !re=e & ! ,secret>y %all provide an opportunity = ! prompt resubmission ( a modifi$ fil+4 4 7#d7 ,prev5t+ fraud 9 ! regional c5t] program ,9 subp>agraph 7,e7 7z add$ by p>agraph 7#e771 by ins]t+ aft] clause 7iii7 ! foll[+3 7v7 ,bona fides ( regional c5t] pr9cipals ,no p]son may s]ve z an own]1 director or (fic] ( a regional c5t]1 or hold o!r positions ( sub/antive au?ority = ! op]ations1 managem5t or promotion ( a regional c5t]1 if ! ,secret>y ( ,homel& ,security det]m9es bas$ on sub/antial evid5ce t ! p]son-- 7,i7 has be5 f\nd liable )9 ! previ\s #e ye>s = any crim9al or civil violation ( any law relat+ to fraud or deceit2 7,,ii7 has be5 f\nd liable at any "t = any su* crim9al or civil violation if su* violation involv$-- 7aa7 a crim9al conviction ) a t]m ( imprisonm5t ( at lea/ #a ye>2 or 7bb7 any law or ag5cy regulation 9 connection ) ! pur*ase or sale ( a security2 or 7,,iii7 is engag$ 91 has ev] be5 engag$ 91 or seeks to engage 9 any-- 7aa7 t]rori/ activity 7z def9$ 9 clauses 7iii7 & 7iv7 ( section #bab7;a77#c77;,b772 7bb7 activity relat+ to espionage or sabotage2 7cc7 illicit traffick+ 9 any controll$ sub/ance2 7dd7 activity relat$ to money laund]+ 7z describ$ 9 section #aief or #aieg ( title #ah1 ,unit$ ,/ates ,code72 7ee7 violation ( any /atute1 regulation or ,executive ord] reg>d+ =eign f9ancial transactions or =eign asset control2 or 7ff7 human traffick+ or any o!r human rights (f5se4 ,! ,secret>y ( ,homel& ,security %all require su* atte/ations & in=mation 7includ+ f+]pr9ts7 & %all p]=m su* backgr\nd *ecks z ! ,secret>y 9 ! ,secret>y's discretion consid]s appropriate to det]m9e :e!r a regional c5t] is 9 compliance ) ?is clause4 ,! ,secret>y may t]m9ate any regional c5t] f ! program "u ?is section if ! ,secret>y det]m9es t ! regional c5t] is 9 violation ( ?is clause1 ! regional c5t] fails to provide su* atte/ations & in=mation reque/$ by ! ,secret>y "u ?is clause1 or ! regional c5t] or any p]son describ$ 9 ?is clause is engag$ 9 fraud1 misrepres5tation1 crim9al misuse1 or ?reats to national security4 ,! ,secret>y %all provide = proc$ures = ! appeal & review ( su* a t]m9ation1 & any det]m9ations p]ta9+ to su* t]m9ation %all be subject to review "u *apt] #g ( title #e1 ,unit$ ,/ates ,code4 7vi7 ,fee = regional c5t] designation ,9 addition to any o!r fees au?oriz$ by law1 ! ,secret>y ( ,homel& ,security %all impose-- 7,i7 a fee to apply = designation z a regional c5t] "u ?is subp>agraph2 & 7,,ii7 a fee = preapproval ( a new comm]cial ent]prise z provid$ "u clause 7iii77,i74 4 7#e7 ,,eb-#e petitions ,by add+ aft] subp>agraph 7,e7 7z am5d$ by p>agraph 7#f77 ! foll[+3 7,f7 ,,eb-#e petitions 7i7 ,process+ times ,! ,secret>y ( ,homel& ,security %all adjudicate a petition fil$ pursuant to ?is p>agraph n lat] ?an #ahj days aft] ! date on :i* ! petition is fil$4 ,9 ! ev5t t additional in=mation or docum5tation is reque/$ by ! ,secret>y1 ! ,secret>y %all adjudicate ! petition n lat] ?an #cj days aft] ! receipt ( su* in=mation or docum5tation4 ,! fil+ p>ty %all be notifi$ 9 writ+ )9 #cj days ( ! date ( fil+ if ! fil+ does n meet ! /&>ds = approval4 ,if ! fil+ does n meet su* /&>ds1 ! notice %all include ! reasons !re=e & ! ,secret>y %all provide an opportunity = ! prompt resubmission ( a modifi$ fil+4 7ii7 ,fraud ,! ,secret>y ( ,homel& ,security1 9 consultation ) ! ,commission] ( ! ,securities & ,ex*ange ,commission1 %all develop a /rategy to review securities-relat$ mat]ials includ$ 9 any immigration petition "u ?is p>agraph1 or a petition "u section #baf;,a = removal ( conditional basis1 :5 !re is evid5ce ( fraud4 4 7b7 ,con=m+ am5dm5t ,section #faj ( ! ,dep>tm5ts ( ,comm]ce1 ,ju/ice1 & ,/ate1 ! ,judici>y1 & ,relat$ ,ag5cies ,appropriations ,act1 #aiic 7#h ,u4,s4,c4 #aaec note7 is repeal$4 #c4 ,,eb-#e visa re=ms 7a7 ,ali5s n subject to direct num]ical limitation ,section #bja7;b77#a7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaea7;b77#a77 is am5d$ by add+ at ! end ! foll[+3 7,p7 ,ali5s :o are ! sp\se or a *ild ( an ali5 admitt$ z an employm5t-bas$ immigrant "u section #bjc7;b77#e74 4 7b7 ,age det]m9ation = *ildr5 ( ali5 inve/ors ,section #bjc7;h7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;h77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,age det]m9ation = *ildr5 ( ali5 inve/ors ,an ali5 admitt$ "u subsection 7d7 z a lawful p]man5t resid5t on a conditional basis z ! *ild ( an ali5 lawfully admitt$ = p]man5t resid5ce "u subsection 7b77#e71 ^: lawful p]man5t resid5t /atus on a conditional basis is t]m9at$ "u section #baf;,a1 %all cont9ue to be consid]$ a *ild ( ! pr9cipal ali5 = ! purpose ( a subsequ5t immigrant petition by su* ali5 "u subsection 7b77#e7 if ! ali5 rema9s unm>ri$ & ! subsequ5t petition is fil$ by ! pr9cipal ali5 n lat] ?an #a ye> aft] ! t]m9ation ( conditional lawful p]man5t resid5t /atus4 ,no ali5 %all be consid]$ a *ild "u ?is p>agraph ) respect to m ?an #a petition fil$ aft] ! ali5's #ba/ bir?day4 4 7c7 ,enhanc$ pay scale = c]ta9 f$]al employees adm9i/]+ ! ,,eb-#e program ,! ,secret>y may e/abli%1 fix ! comp5sation (1 & appo9t individuals to1 designat$ critical adm9i/rative1 te*nical1 & pr(essional positions ne$$ to adm9i/] sections #bjc7;b77#e7 & #baf;,a ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaec7;b77#e7 & #aahf;b74 7d7 ,delegation ( c]ta9 ,,eb-#e au?ority 7#a7 ,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 ali5 entrepr5eurs7 ( ! ,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 7#b7 ,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 p>agraph 7#a71 includ+ regulations gov]n+ ! eligibility crit]ia = obta9+ b5efits pursuant to ! am5dm5ts made by ?is section4 7#c7 ,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 p>agraph 7#a74 7e7 ,concurr5t fil+ ( ,,eb-#e petitions & applications = adju/m5t ( /atus ,section #bde 7#h ,u4,s4,c4 #abee7 ( ! ,immigration & ,nationality ,act is am5d$-- 7#a7 9 subsection 7k71 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ or 7#c7 & ins]t+ 7#c71 or 7#e72 & 7#b7 by add+ at ! end ! foll[+3 7n7 ,at ! "t a petition is fil$ = classification "u section #bjc7;b77#e71 if ! approval ( su* petition w\ld make a visa imm$iately available to ! ali5 b5efici>y1 ! ali5 b5efici>y's application = adju/m5t ( /atus "u ?is section %all be consid]$ to be prop]ly fil$ :e!r ! application is submitt$ concurr5tly )1 or subsequ5t to1 ! visa petition4 4 7f7 ,te*nical am5dm5t ,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 /rik+ ,attorney ,g5]al ea* place x appe>s & ins]t+ ,secret>y ( ,homel& ,security4 #d4 ,num]ical ,limitations on individual =eign /ates 7a7 ,num]ical limitation to any s+le =eign /ate ,section #bjb7;a77#b7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaeb7;a77#b77 is am5d$-- 7#a7 9 ! p>agraph head+1 by /rik+ & employm5t- bas$2 7#b7 by /rik+ 7#c71 7#d71 & 7#e71 & ins]t+ 7#c7 & 7#d712 7#c7 by /rik+ subsections 7a7 & 7b7 ( section #bjc & ins]t+ section #bjc7;a72 7#d7 by /rik+ #g & ins]t+ #ae2 & 7#e7 by /rik+ su* subsections & ins]t+ su* section4 7b7 ,con=m+ am5dm5ts ,section #bjb ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaeb7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#c71 by /rik+ bo? subsections 7a7 & 7b7 ( section #bjc & ins]t+ section #bjc7;a72 & 7,b7 by /rik+ p>agraph 7#e72 & 7#b7 by am5d+ subsection 7e7 to read z foll[s3 7e7 ,special rules = c\ntries at ceil+ ,if x is det]m9$ t ! total numb] ( immigrant visas made available "u section #bjb7;a7 to natives ( any s+le =eign /ate or dep5d5t area w exce$ ! num]ical limitation specifi$ 9 subsection 7a77#b7 9 any fiscal ye>1 9 det]m9+ ! allotm5t ( immigrant visa numb]s to natives "u section #bjc7;a71 visa numb]s ) respect to natives ( t /ate or area %all be allocat$ 7to ! ext5t practicable & o!rwise consi/5t ) ?is section & section #bjc7 9 a mann] s t1 except z provid$ 9 subsection 7a77#d71 ! proportion ( ! visa numb]s made available "u ea* ( p>agraphs 7#a7 ?r\gh 7#d7 ( section #bjc7;a7 is equal to ! ratio ( ! total numb] ( visas made available "u ! respective p>agraph to ! total numb] ( visas made available "u section #bjc7;a74 4 7c7 ,c\ntry-,specific (fset ,section #b ( ! ,*9ese ,/ud5t ,protection ,act ( #aiib 7#h ,u4,s4,c4 #abee note7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ subsection 7e77 & ins]t+ subsection 7d772 & 7#b7 by /rik+ subsection 7d7 & r$esignat+ subsection 7e7 z subsection 7d74 7d7 ,effective date ,! am5dm5ts made by ?is section %all take effect #a ye> aft] ! date ( ! enactm5t ( ?is ,act4 #e4 ,applicability ( ,=eign ,corrupt ,practices ,act ,! ,=eign ,corrupt ,practices ,act 7#ae ,u4,s4,c4 #gh;a et seq47 %all apply to any petition "u section #bjc7;b77#e74 #f4 ,regulations ,n lat] ?an #ahj days aft] ! effective date ( ?is subtitle1 ! ,secret>y ( ,homel& ,security %all make rules to c>ry out ?is ,act & ! am5dm5ts made by ?is ,act4 #g4 ,consultation ) ,secret>y ( ,comm]ce ,! ,secret>y ( ,homel& ,security may consult ) ! ,secret>y ( ,comm]ce 9 c>ry+ out ?is ,act & ! am5dm5ts made by ?is ,act4 #h4 ,effective date ,?is ,act & ! am5dm5ts made by ?is ,act %all take effect beg9n+ on ! date t is #f mon?s aft] ! date ( enactm5t ( ?is ,act4