,,ii  #aad? ,,congress  #b;d ,session   
,s4 #ceaj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #f1 #bjaf ,mr4
 ,flake introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on !
 ,judici>y  ,a ,,bill  ,to facilitate ! 
creation ( ,am]ican jobs by immigrant   
entrepr5eurs4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,attract+ & ,reta9+    
,entrepr5eurs ,act4  #b4 ,entrepr5eur   
nonimmigrant visas  7a7 ,entrepr5eur    
nonimmigrant category ,section          
#aja7;a77#ae7 ( ! ,immigration &        
,nationality ,act 7#h ,u4,s4,c4         
#aaja7;a77#ae77 is am5d$--  7#a7 9      
subp>agraph 7,u77iii71 by /rik+ or at ! 
end2  7#b7 9 subp>agraph 7,v77ii77,,ii71
 by /rik+ ! p]iod at ! end & ins]t+ 2   
or2 &  7#c7 by add+ at ! end ! foll[+3  
7,w7 9 accordance ) ! def9itions set =? 
9 section #bjc7;b77#f77;,a71 a qualifi$ 
entrepr5eur :o has demon/rat$ t1 dur+ ! 
#c-ye> p]iod end+ on ! date on :i* !    
ali5 fil$ an initial petition =         
nonimmigrant /atus describ$ 9 ?is       

subp>agraph--  7i7 a qualifi$ v5ture    
capitali/1 a qualifi$ angel inve/or1 a  
qualifi$ gov]nm5t entity1 a qualifi$    
community developm5t f9ancial           
in/itution1 qualifi$ />tup accel]ator1  
or su* o!r type ( entity or inve/ors1 z 
det]m9$ by ! ,secret>y1 or any          
comb9ation ( su* entities or inve/ors1  
has made a qualifi$ inve/m5t or         
comb9ation ( qualifi$ inve/m5ts ( n less
 ?an #ajj1jjj 9 ! ali5's ,unit$ ,/ates  
bus9ess entity2 or  7ii7 ! ali5's ,unit$
 ,/ates bus9ess entity-- 7,i7 has creat$
 n few] ?an #c qualifi$ jobs2 &  7,,ii7 
dur+ ! #b-ye> p]iod end+ on su* fil+    
date has g5]at$ n less ?an #bej1jjj 9   
annual rev5ue aris+ f bus9ess conduct$ 9
 ! ,unit$ ,/ates4  4  7b7 ,admission (  
entrepr5eur nonimmigrants ,section #bad 
( ! ,immigration & ,nationality ,act 7#h
 ,u4,s4,c4 #aahd7 is am5d$--  7#a7 9    
subsection 7b71 by /rik+ 7o!r ?an & all 
t foll[s ?r\gh su* section7 & ins]t+    
7o!r ?an a nonimmigrant describ$ 9      
subp>agraph 7,h77i77b71 7,h77i77c71     

7,l71 7,v71 or 7,w7 ( section           
#aja7;a77#ae772 &  7#b7 by add+ at ! end
 ! foll[+3  7s7 ,entrepr5eur            
nonimmigrant visas  7#a7 ,def9itions ,! 
def9itions set =? 9 section             
#bjc7;b77#f77;,a7 %all apply to ?is     
subsection4  7#b7 ,initial p]iod (      
au?oriz$ admission ,! initial p]iod (   
au?oriz$ /atus z a nonimmigrant describ$
 9 section #aja7;a77#ae77,w7 %all be #c 
ye>s4  7#c7 ,r5ewal ( admission ,subject
 to p>agraph 7#d71 ! p]iod ( au?oriz$   
nonimmigrant /atus describ$ 9 p>agraph  
7#b7 may be r5ew$ = additional #c-ye>   
p]iods if--  7,a7 dur+ ! mo/ rec5t      
#c-ye> p]iod 9 :i* ! ali5 0 grant$ su*  
/atus1 ! ali5's ,unit$ ,/ates bus9ess   
entity creat$ n few] ?an #c qualifi$    
jobs2 &  7,b7 7i7 dur+ su* #c-ye> p]iod1
 a qualifi$ v5ture capitali/1 a qualifi$
 angel inve/or1 a qualifi$ gov]nm5t     
entity1 a qualifi$ community developm5t 
f9ancial in/itution1 qualifi$ />tup     
accel]ator1 or su* o!r type ( entity or 
inve/ors1 z det]m9$ by ! ,secret>y1 or  

any comb9ation ( su* entities or        
inve/ors1 has made a qualifi$ inve/m5t  
or comb9ation ( qualifi$ inve/m5ts ( n  
less ?an #bej1jjj to ! ali5's ,unit$    
,/ates bus9ess entity2 or  7ii7 dur+ !  
#b-ye> p]iod end+ on ! date on :i* !    
ali5 petition$ = an ext5sion1 ! ali5's  
,unit$ ,/ates bus9ess entity has g5]at$ 
n less ?an #bej1jjj 9 annual rev5ue     
aris+ f bus9ess conduct$ )9 ! ,unit$    
,/ates4  7#d7 ,waiv] ( r5ewal           
requirem5ts ,! ,secret>y may r5ew an    
ali5's /atus z a nonimmigrant describ$ 9
 section #aja7;a77#ae77,w7 = n m ?an #a 
ye> at a "t1 up to an aggregate ( #b    
ye>s1 if ! ali5--  7,a7 does n meet !   
crit]ia "u p>agraph 7#c72 &  7,b7 meets 
! crit]ia e/abli%$ by ! ,secret>y1 9    
consultation ) ! ,secret>y ( ,comm]ce1 =
 approv+ r5ewals "u ?is subsection1 :i* 
%all include a det]m9ation t--  7i7 !   
ali5 has made sub/antial progress 9     
meet+ su* crit]ia2 &  7ii7 su* r5ewal is
 economically b5eficial to ! ,unit$     
,/ates4  7#e7 ,atte/ation ,! ,secret>y  

%all require an ali5 seek+ /atus z a    
nonimmigrant describ$ 9 section         
#aja7;a77#ae77,w7 to atte/1 "u p5alty ( 
p]jury1 t ! ali5 meets ! application    
crit]ia4  7#f7 ,w-#a visa fee ,9        
addition to process+ fees1 ! ,secret>y  
%all collect a #a1jjj fee f ea*         
nonimmigrant admitt$ "u section         
#aja7;a77#ae77,w74  4  #c4 ,entrepr5eur 
immigrant 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#g72 &  7#b7 by ins]t+ aft] p>agraph   
7#e7 ! foll[+3  7#f7 ,entrepr5eur       
immigrants  7,a7 ,def9itions ,9 ?is     
p>agraph & 9 sections #aja7;a77#ae77,w7 
& #bad7s73  7i7 ,qualifi$ angel inve/or 
,! t]m qualifi$ angel inve/or means an  
individual or organiz$ gr\p (           
individuals inve/+ directly or ?r\gh a  
legal entity--  7,i7 ea* ( :om is an    
accr$it$ inve/or 7z def9$ 9 section     
#bcj4eja7;a7 ( title #ag1 ,code ( ,f$]al
 ,regulations1 or any simil> successor  

regulation7 inve/+ ! funds own$ by su*  
individual or organiz$ gr\p 9 a qualifi$
 entrepr5eur's ,unit$ ,/ates bus9ess    
entity2  7,,ii7 7aa7 if an individual1  
is a citiz5 ( ! ,unit$ ,/ates or an ali5
 lawfully admitt$ = p]man5t resid5ce2 or
  7bb7 if an organiz$ gr\p or legal     
entity1 a majority ( ! individuals      
inve/+ ?r\gh su* gr\p or entity are     
citiz5s ( ! ,unit$ ,/ates or ali5s      
lawfully admitt$ = p]man5t resid5ce2 &  
7,,iii7 ea* ( :om 9 ! previ\s #c ye>s   
has made qualifi$ inve/m5ts total+ n    
less ?an #ej1jjj 7or su* high] am\nt    
det]m9$ appropriate by ! ,secret>y7 9   
,unit$ ,/ates bus9ess entities t are    
less ?an #e ye>s old4  7ii7 ,qualifi$   
community developm5t f9ancial in/itution
 ,! t]m qualifi$ community developm5t   
f9ancial in/itution means an entity t   
has be5 c]tifi$ by ! ,,cdfi ,fund "u    
section #ahje4bja #de;,d7c7 ( title #ab1
 ,code ( ,f$]al ,regulations1 or any    
simil> successor regulation4  7iii7     
,qualifi$ entrepr5eur ,! t]m qualifi$   

entrepr5eur means an individual :o--    
7,i7 has a significant own]%ip int]e/1  
:i* ne$ n con/itute a majority int]e/1 9
 a ,unit$ ,/ates bus9ess entity2  7,,ii7
 is employ$ 9 a s5ior executive position
 at su* entity2  7,,iii7 submits a      
bus9ess plan to ,u4,s4 ,citiz5%ip &     
,immigration ,s]vices2 &  7,,iv7 _h a   
sub/antial role 9 ! f\nd+ or e>ly-/age  
gr[? & developm5t ( su* entity4  7iv7   
,qualifi$ gov]nm5t entity ,! t]m        
qualifi$ gov]nm5t entity means an ag5cy 
or in/rum5tality ( ! ,unit$ ,/ates or ( 
a ,/ate1 local1 or tribal gov]nm5t4  7v7
 ,qualifi$ inve/m5t ,! t]m qualifi$     
inve/m5t--  7,i7 means an inve/m5t 9 a  
qualifi$ entrepr5eur's ,unit$ ,/ates    
bus9ess entity t is--  7aa7 a pur*ase f 
su* entity ( equity or conv]tible debt  
issu$ by su* entity2  7bb7 a secur$     
loan2  7cc7 a conv]tible debt note2     
7dd7 a public securities (f]+2  7ee7 a  
rese>* & developm5t aw>d f a qualifi$   
gov]nm5t entity to ! ,unit$ ,/ates      
bus9ess entity2  7ff7 ano!r inve/m5t    

det]m9$ appropriate by ! ,secret>y2 or  
7gg7 a comb9ation ( any ( ! inve/m5ts   
describ$ 9 items 7aa7 ?r\gh 7ff72 &     
7,,ii7 does n include an inve/m5t f--   
7aa7 su* qualifi$ entrepr5eur2  7bb7 !  
p>5ts1 sp\se1 son1 or daught] ( su*     
qualifi$ entrepr5eur2 or  7cc7 any      
corporation1 company1 association1 firm1
 p>tn]%ip1 society1 or jo9t /ock company
 ov] :i* su* qualifi$ entrepr5eur has a 
sub/antial own]%ip int]e/4  7vi7        
,qualifi$ job ,! t]m qualifi$ job means 
a full-"t position at a ,unit$ ,/ates   
bus9ess entity own$ by a qualifi$       
entrepr5eur t--  7,i7 is locat$ 9 !     
,unit$ ,/ates2  7,,ii7 has be5 fill$ =  
at lea/ #b ye>s by a ,unit$ ,/ates      
citiz5 or legal p]man5t resid5t :o is n 
! qualifi$ entrepr5eur or ! sp\se1 son1 
or daught] ( ! qualifi$ entrepr5eur2 &  
7,,iii7 is comp5sat$ at a wage level t  
is comm5surate ) simil>ly situat$       
employees 9 comp>able positions 9 !     
metropolitan /ati/ical area ( !         
employm5t4  7vii7 ,qualifi$ />tup       

accel]ator ,! t]m qualifi$ />tup        
accel]ator means a corporation1 company1
 association1 firm1 p>tn]%ip1 society1  
or jo9t /ock company t--  7,i7 is       
organiz$ "u ! laws ( ! ,unit$ ,/ates or 
( any ,/ate & conducts bus9ess 9 !      
,unit$ ,/ates2  7,,ii7 9 ! ord9>y c\rse 
( bus9ess1 provides a program ( tra9+1  
m5tor%ip1 & logi/ical support to assi/  
entrepr5eurs 9 gr[+ _! bus9esses2       
7,,iii7 is manag$ by individuals1 !     
majority ( :om are citiz5s ( ! ,unit$   
,/ates or ali5s lawfully admitt$ =      
p]man5t resid5ce2  7,,iv7 7aa7 regul>ly 
acquires an equity int]e/ 9 companies t 
p>ticipate 9 its programs 9 :i* !       
majority ( ! capital s inve/$ is        
committ$ f individuals :o are ,unit$    
,/ates citiz5s or ali5s lawfully admitt$
 = p]man5t resid5ce1 or f entities      
organiz$ "u ! laws ( ! ,unit$ ,/ates or 
any ,/ate2 or  7bb7 is an entity t has  
receiv$ n less ?an #bej1jjj 9 fund+ f a 
qualifi$ gov]nm5t entity or entities    
dur+ ! previ\s #e ye>s & regul>ly aw>ds 

grants to companies t p>ticipate 9 its  
programs 79 :i* case1 su* grant %all be 
treat$ z a qualifi$ inve/m5t = purposes 
( clause 7iv772  7,v7 dur+ ! previ\s #e 
ye>s1 has acquir$ an equity int]e/ 91   
or1 9 ! case ( an entity describ$ 9     
subclause 7,,iv77bb71 regul>ly made     
grants to1 n few] ?an #aj ,unit$ ,/ates 
bus9ess entities t--  7aa7 h p>ticipat$ 
9 its programs2 &  7bb7 7,,aa7 h ea*    
secur$ at lea/ #ajj1jjj 9 initial       
inve/m5ts2 or 7,,bb7 dur+ any #b-ye>    
p]iod foll[+ ! date ( su* acquisition1 h
 g5]at$ n less ?an #ejj1jjj 9 aggregate 
annual rev5ue )9 ! ,unit$ ,/ates2       
7,,vi7 has its prim>y location 9 !      
,unit$ ,/ates2 &  7,,vii7 satisfies su* 
o!r crit]ia z ! ,secret>y may e/abli%4  
7viii7 ,qualifi$ v5ture capitali/ ,! t]m
 qualifi$ v5ture capitali/ means an     
entity t--  7,i7 7aa7 is a v5ture       
capital op]at+ company 7z def9$ 9       
section #beaj4c-aja7;d7 ( title #bi1    
,code ( ,f$]al ,regulations or any      
successor to su* regulation72 or  7bb7  

has managem5t rights1 z def9$ 91 & to ! 
ext5t requir$ by1 su* section           
#beaj4c-aja7;d7 or successor regulation1
 9 its portfolio companies2  7,,ii7 has 
capital commitm5ts ( n less ?an         
#aj1jjj1jjj2 &  7,,iii7 has an inve/m5t 
advis] t-- 7aa7 is regi/]$ "u section   
#bjc ( ! ,inve/m5t ,advis]s ,act ( #aidj
 7#ae ,u4,s4,c4 #hj;b-#c72  7bb7 has its
 prim>y (fice location 9 ! ,unit$       
,/ates2  7cc7 is directly or indirectly 
own$ by individuals1 ! majority ( :om   
are citiz5s ( ! ,unit$ ,/ates or ali5s  
lawfully admitt$ = p]man5t resid5ce 9 ! 
,unit$ ,/ates2  7dd7 has be5 advis+ su* 
entity or o!r simil> funds or entities =
 at lea/ #b ye>s2 &  7ee7 has advis$ su*
 entity or a simil> fund or entity )    
respect to at lea/ #b inve/m5ts ( n less
 ?an #ejj1jjj made by su* entity or     
simil> fund or entity dur+ ea* ( ! mo/  
rec5t #b ye>s4  7ix7 ,secret>y ,except z
 o!rwise specifically provid$1 ! t]m    
,secret>y means ! ,secret>y ( ,homel&   
,security4  7x7 ,s5ior executive        

position ,! t]m s5ior executive position
 includes ! position ( *ief executive   
(fic]1 *ief te*nology (fic]1 & *ief     
op]at+ (fic]4  7xi7 ,unit$ ,/ates       
bus9ess entity ,! t]m ,unit$ ,/ates     
bus9ess entity means any corporation1   
company1 association1 firm1 p>tn]%ip1   
society1 or jo9t /ock company t is      
organiz$ "u ! laws ( ! ,unit$ ,/ates or 
any ,/ate & t conducts bus9ess 9 !      
,unit$ ,/ates t is n--  7,i7 a private  
fund 7z def9$ 9 #bjb7;a7 ( ! ,inve/m5t  
,advis]s ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;b-#b772  7,,ii7 a commodity pool 7z 
def9$ 9 section #a;a ( ! ,commodity     
,ex*ange ,act 7#g ,u4,s4,c4 #a;a772     
7,,iii7 an inve/m5t company 7z def9$ 9  
section #c ( ! ,inve/m5t ,company ,act (
 #aidj 7#ae ,u4,s4,c4 #hj;a-#c72 or     
7,,iv7 an issu] t w\ld be an inve/m5t   
company )\t an exemption provid$ 9--    
7aa7 section #c7;c7 ( ! ,inve/m5t       
,company ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;a-#c7;c772 or  7bb7 section         
#bgj4c;a-#g ( title #ag1 ,code ( ,f$]al 

,regulations1 or any simil> successor   
regulation4  7,b7 ,9 g5]al ,n m ?an     
#aj1jjj visas %all be available dur+ ea*
 fiscal ye> = qualifi$ immigrants seek+ 
to ent] ! ,unit$ ,/ates = ! purpose (   
creat+ new bus9esses1 z describ$ 9 ?is  
p>agraph4  7,c7 ,eligibility ,an ali5 :o
 is a qualifi$ entrepr5eur is eligible =
 a visa "u ?is p>agraph if--  7i7 7,i7 !
 ali5 ma9ta9$ valid nonimmigrant /atus 9
 ! ,unit$ ,/ates = at lea/ #b ye>s2     
7,,ii7 dur+ ! #c-ye> p]iod end+ on !    
date ! ali5 files an initial petition = 
su* /atus "u ?is section--  7aa7 7,,aa7 
! ali5 has a significant own]%ip 9 a    
,unit$ ,/ates bus9ess entity t has      
creat$ n few] ?an #e qualifi$ jobs2 &   
7,,bb7 a qualifi$ v5ture capitali/1 a   
qualifi$ angel inve/or1 a qualifi$      
gov]nm5t entity1 a qualifi$ community   
developm5t f9ancial in/itution1 qualifi$
 />tup accel]ator1 or su* o!r entity or 
type ( inve/ors1 z det]m9$ by !         
,secret>y1 or any comb9ation ( su*      
entities or inve/ors1 has devot$ a      

qualifi$ inve/m5t or comb9ation (       
qualifi$ inve/m5ts ( n less ?an #ejj1jjj
 to ! ali5's ,unit$ ,/ates bus9ess      
entity2 or  7bb7 7,,aa7 ! ali5 has a    
significant own]%ip int]e/ 9 a ,unit$   
,/ates bus9ess entity t has creat$ n    
few] ?an #e qualifi$ jobs2 & 7,,bb7 dur+
 ! #b-ye> p]iod end+ on su* petition    
date1 has g5]at$ n less ?an #ejj1jjj 9  
annual rev5ue )9 ! ,unit$ ,/ates2 &     
7,,iii7 n m ?an #b o!r ali5s h receiv$  
nonimmigrant /atus "u ?is section on !  
basis ( an ali5's own]%ip ( su* ,unit$  
,/ates bus9ess entity2 or  7ii7 7,i7 !  
ali5 ma9ta9$ valid nonimmigrant /atus 9 
! ,unit$ ,/ates = at lea/ #c ye>s be=e !
 date on :i* ! ali5 fil$ an application 
= su* /atus2  7,,ii7 ! ali5 holds an    
advanc$ degree 9 a field ( sci5ce1      
te*nology1 eng9e]+1 or ma!matics t has  
be5 approv$ by ! ,secret>y2  7,,iii7    
dur+ ! #c-ye> p]iod end+ on ! date on   
:i* ! ali5 files an initial petition =  
su* /atus "u ?is section--  7aa7 7,,aa7 
! ali5 has a significant own]%ip int]e/ 

9 a ,unit$ ,/ates bus9ess entity t has  
creat$ n few] ?an #d qualifi$ jobs2 &   
7,,bb7 a qualifi$ v5ture capitali/1 a   
qualifi$ angel inve/or1 a qualifi$      
gov]nm5t entity1 a qualifi$ community   
developm5t f9ancial in/itution1 qualifi$
 />tup accel]ator1 or su* o!r entity or 
type ( inve/ors1 z det]m9$ by !         
,secret>y1 or any comb9ation ( su*      
entities or inve/ors1 has devot$ a      
qualifi$ inve/m5t or comb9ation (       
qualifi$ inve/m5ts ( n less ?an #ejj1jjj
 9 total to ! ali5's ,unit$ ,/ates      
bus9ess entity2 or  7bb7 7,,aa7 ! ali5  
has a significant own]%ip int]e/ 9 a    
,unit$ ,/ates bus9ess entity t has      
creat$ n few] ?an #c qualifi$ jobs2 &   
7,,bb7 dur+ ! #b-ye> p]iod end+ on su*  
petition date1 ! entity has g5]at$ n    
less ?an #ejj1jjj 9 annual rev5ue )9 !  
,unit$ ,/ates2 &  7,,iv7 n m ?an #c o!r 
ali5s h receiv$ nonimmigrant /atus "u   
?is p>agraph on ! basis ( an ali5's     
own]%ip ( su* ,unit$ ,/ates bus9ess     
entity4  7,d7 ,new bus9ess plan         

requirem5t  7i7 ,9 g5]al ,a qualifi$    
entrepr5eur %all submit a new bus9ess   
plan to ,u4,s4 ,citiz5%ip & ,immigration
 ,s]vices if !re has be5 a mat]ial *ange
 to ! bus9ess plan ref]r$ to 9          
subp>agraph 7,a77ii77,,iii74  7ii7      
,presumption ,!re %all be a presumption 
9 favor ( approval = any new bus9ess    
plan submitt$ pursuant to clause 7i74   
7,e7 ,atte/ation ,! ,secret>y may       
require an ali5 seek+ a visa "u ?is     
p>agraph to atte/1 "u p5alties ( p]jury1
 to ! ali5's qualifications4  4  #d4    
,adm9i/ration & ov]sight  7a7 ,rulemak+ 
7#a7 ,9 g5]al ,n lat] ?an #af mon?s aft]
 ! date ( ! enactm5t ( ?is ,act1 !      
,secret>y ( ,homel& ,security1 9        
consultation ) ! ,secret>y ( ,comm]ce1 !
 ,adm9i/rator ( ! ,small ,bus9ess       
,adm9i/ration1 & heads ( o!r relevant   
,f$]al ag5cies & dep>tm5ts1 %all        
promulgate regulations--  7,a7 to c>ry  
out ! am5dm5ts made by ?is ,act2 &  7,b7
 to ensure t su* am5dm5ts are implem5t$ 
9 a mann] t is consi/5t )--  7i7 !      

protection ( national security2 &  7ii7 
! promotion ( ,unit$ ,/ates economic    
gr[?1 job creation1 & competitiv5ess4   
7#b7 ,modification ( doll> am\nts  7,a7 
,9 g5]al ,! ,secret>y ( ,homel&         
,security may prescribe regulations t   
increase or decrease any doll> am\nt    
specifi$ 9--  7i7 section               
#aja7;a77#ae77,w7 ( ! ,immigration &    
,nationality ,act1 z add$ by section    
#b7;a72  7ii7 section #bad7s7 ( su*     
,act1 z add$ by section #b7;b72 or      
7iii7 section #bjc7;b77#f7 ( su* ,act1 z
 add$ by section #c4  7,b7 ,automatic   
adju/m5t ,unless a doll> am\nt ref]r$ to
 9 subp>agraph 7,a7 relat+ to a petition
 = a nonimmigrant visa "u section       
#aja7;a77#ae77,w7 ( ! ,immigration &    
,nationality ,act or an immigrant visa  
"u section #bjc7;b77#f7 ( su* ,act is   
adju/$ by ! ,secret>y ( ,homel&         
,security pursuant to su* subp>agraph1  
su* doll> am\nt %all automatically      
adju/--  7i7 on ,janu>y #a1 #bjba1 by ! 
p]c5tage *ange 9 ! ,consum] ,price      

,index 7,,cpi-,u7 dur+ fiscal ye> #bjbj2
 &  7ii7 on e fif? subsequ5t ,janu>y #a 
by ! p]c5tage *ange 9 ! ,,cpi-,u dur+ ! 
previ\s #e fiscal ye>s4  7b7 ,o!r       
au?ority ,! ,secret>y ( ,homel&         
,security1 9 ! ,secret>y's unreviewable 
discretion1 may d5y or revoke ! approval
 ( a petition seek+ an immigrant visa "u
 section #bjc7;b77#f7 ( ! ,immigration &
 ,nationality ,act1 z add$ by section   
#c1 or any o!r petition1 application1 or
 b5efit bas$ ^u ! previ\s or concurr5t  
fil+ or approval ( a petition =         
classification ( an ali5 "u su* section1
 if ! ,secret>y det]m9es t ! approval or
 cont9uation ( su* petition1            
application1 or b5efit is contr>y to !  
national int]e/ ( ! ,unit$ ,/ates or =  
o!r good cause4  7c7 ,reports ,once e #c
 ye>s1 ! ,secret>y ( ,homel& ,security  
%all submit a report to ,congress t     
includes--  7#a7 a description ( !      
implem5tation ( ?is ,act & ! am5dm5ts   
made by ?is ,act2  7#b7 ! numb] &       
p]c5tage ( entrepr5eurs :o h met !      

?re%olds = nonimmigrant r5ewal &        
adju/m5t to gre5 c>d /atus "u ! am5dm5ts
 made by ?is ,act2  7#c7 an analysis ( !
 program's economic impact1 includ+--   
7,a7 job & rev5ue creation2  7,b7       
increas$ inve/m5ts2 &  7,c7 gr[? )9     
bus9ess sectors & regions2  7#d7 a      
description & breakd[n ( ! types (      
bus9esses t h be5 creat$ by entrepr5eurs
 grant$ nonimmigrant or immigrant /atus2
  7#e7 = ea* report o!r ?an !           
,secret>y's initial report1 a           
description ( ! p]c5tage ( ! bus9esses  
initially creat$ by ! entrepr5eurs      
grant$ immigrant & nonimmigrant /atus "u
 ?is ,act & ! am5dm5ts made by ?is ,act1
 t are /ill 9 op]ation2 &  7#f7 any     
recomm5dations = improv+ ! program      
e/abli%$ "u ?is ,act & ! am5dm5ts made  
by ?is ,act4