[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1502 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 1502

                     To terminate the EB-5 program.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2017

Mr. King of Iowa (for himself and Mr. Gohmert) introduced the following 
       bill; which was referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
                     To terminate the EB-5 program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TERMINATION OF EB-5 PROGRAM.

    (a) Repeal of Provisions.--Effective on the date of the enactment 
of this Act, the following provisions are repealed:
            (1) Section 203(b)(5) of the Immigration and Nationality 
        Act (8 U.S.C. 1153(b)(5)).
            (2) Section 204(a)(1)(H) of the Immigration and Nationality 
        Act (8 U.S.C. 1154(a)(1)(H)).
            (3) Section 216A of the Immigration and Nationality Act (8 
        U.S.C. 1186b).
            (4) Section 610 of the Departments of Commerce, Justice, 
        and State, the Judiciary, and Related Agencies Appropriations 
        Act, 1993 (8 U.S.C. 1153 note).
    (b) Applicability.--Beginning on the date of the enactment of this 
Act, the Secretary of Homeland Security--
            (1) shall cease to accept petitions and applications under 
        any authority repealed under subsection (a); and
            (2) shall dismiss all pending petitions and applications 
        described in paragraph (1).
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