3.0.0 3471 2023-01-11T13:37:18Z 2023-01-11T13:37:18Z House HR 2017-07-27 115 [Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FITZPATRICK:H.R. 3471.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 4 of the Constitution.By Miss GONZALEZ-COLON of Puerto Rico:H.R. 3472.Congress has the power to enact this legislation pursuantto the following:Article I, Section 1 of the U. S. Constitution``All legislative Powers herein granted shall be vested ina Congress of the United States, which shall consist of aSenate and House of Representatives.''[Page H6518]]]> hsju00 Judiciary Committee House Standing hsju01 Immigration Integrity, Security, and Enforcement Subcommittee Referred to 2017-09-06T20:26:28Z Referred to 2017-07-27T14:01:35Z 2017-09-06 hsju01 Immigration Integrity, Security, and Enforcement Subcommittee 1 House committee actions Referred to the Subcommittee on Immigration and Border Security. Committee 2017-07-27 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2017-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-27 Introduced in House IntroReferral 1000 9 Library of Congress F000466 Rep. Fitzpatrick, Brian K. [R-PA-8] Brian Fitzpatrick R PA K. 8 N E000296 Rep. Evans, Dwight [D-PA-2] Dwight Evans D PA 2 2017-07-27 True S001154 Rep. Shuster, Bill [R-PA-9] Bill Shuster R PA 9 2017-09-11 False Immigration Business investment and capital Congressional oversight Department of Homeland Security Economic development Employee hiring Foreign labor Fraud offenses and financial crimes Government ethics and transparency, public corruption Government studies and investigations Government trust funds Immigration status and procedures Infrastructure development Manufacturing Rural conditions and development Securities U.S. and foreign investments Urban and suburban affairs and development User charges and fees Visas and passports Immigration 00 2017-07-27 Introduced in House 2017-08-15T20:59:21Z American Job Creation and Investment Into Public Works Reform Act of 2017

This bill amends the Immigration and Nationality Act to revise EB-5 (alien immigrant investor) provisions, including regional center program provisions.

The bill prescribes E-B5 requirements regarding: (1) fund sources; (2) threats to the national interest; and (3) fraud, misrepresentation, and criminal misuse.

Future program participation is barred for a person who knowingly participated in conduct that caused a program center's termination.

The EB-5 regional center program is extended through September 30, 2022.

EB-5 investors must be at least 18 years old.

The bill: (1) provides initial conditional permanent resident status for an alien investor (and the investor's spouse and children), and (2) sets aside 2,000 EB-5 visas for immigrants who invest in rural areas, 2,000 for immigrants who invest in priority urban investment areas, and 2,000 for immigrants who invest in infrastructure projects.

A regional center shall operate within a defined geographic area and shall be consistent with the purpose of concentrating pooled investment within such area.

The bill prescribes job creation requirements.

Approved regional centers must give advance notice to the Department of Homeland Security (DHS) of significant proposed changes to their organizational structure, ownership, or administration.

U.S. nationals are included in the minimum of 10 U.S. persons for whom an EB-5 project must provide employment.

Only a U.S. national or lawfully admitted permanent resident may be involved with a regional center.

A regional center shall monitor and supervise all offers, purchases, and sales of securities made by associated parties to ensure compliance with U.S. securities laws.

The bill establishes the EB-5 Integrity Fund.

The bill prescribes fund source and gift restrictions.

Minimum investment amounts are increased.

The bill authorizes concurrent filing of EB-5 petitions and applications for adjustment to conditional lawful permanent resident status.

]]> American Job Creation and Investment Into Public Works Reform Act of 2017 Display Title American Job Creation and Investment Into Public Works Reform Act of 2017 Official Title as Introduced To amend section 203(b)(5) of the Immigration and Nationality Act to implement new reforms, and to reauthorize the EB-5 Regional Center Program, in order to promote and reform foreign capital investment and job creation in communities in the United States, and for other purposes. Introduced in House IH Short Titles as Introduced American Job Creation and Investment Into Public Works Reform Act of 2017 Introduced in House 2017-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3471ih/xml/BILLS-115hr3471ih.xml 2017-09-06 Referred to the Subcommittee on Immigration and Border Security. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.