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

  • Official: To create jobs by attracting global investment to economically distressed urban areas, and for other purposes. as introduced.
  • Short: Global Investments in America's Cities Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/21/12
 
 
 
 
 
 
 

Official Summary

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 economic

Official Summary

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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