U.S. Congress - H.R.6493 Global Investments in America's Cities Act
H.R.6493 - Global Investments in America's Cities Act
To create jobs by attracting global investment to economically distressed urban areas, and for other purposes. view all titles (2)
All Bill Titles
- Short: Global Investments in America's Cities Act as introduced.
- Official: To create jobs by attracting global investment to economically distressed urban areas, and for other purposes. as introduced.
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Official Summary
9/21/2012--Introduced.Global Investments in America's Cities Act - Amends the Immigration and Nationality Act to set aside at least 3,000 employment creation immigrant visas each fiscal year for qualified immigrants seeking to invest in a new commercial enterprise which will create emOfficial Summary
9/21/2012--Introduced.Global Investments in America's Cities Act - Amends the Immigration and Nationality Act to set aside at least 3,000 employment creation immigrant visas each fiscal year for qualified immigrants seeking to invest in a new commercial enterprise which will create employment in an economically distressed urban area and with respect to which such alien:(1) has invested at least $250,000;
(2) has completed an investment agreement with a qualified venture capital operating company for an investment of at least $250,000; or
(3) has completed an investment agreement with one or more angel investors for an investment of at least $250,000. Requires petitions for such immigrant visas to be decided within 60 days. Directs the Government Accountability Office (GAO) to report to Congress on the EB-5 visa program.
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