Invest in USA Act of 2007

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The Invest in USA Act of 2007 (H.R.4890) was a bill in the 110th Congress "to modify the EB-5 regional center program." (Official title.)[1]

Article summary (how summaries work)
Of the 10,000 investor visas (i.e., EB-5 visas) available annually, 5,000 are set aside for those who apply under a pilot program involving an CIS-designated “Regional Center.” [2]


Contents

Current status


A "Regional Center:"

  • Is an entity, organization or agency that has been approved as such by the Service;[3]
  • Focuses on a specific geographic area within the United States; and ,[4]
  • Seeks to promote economic growth through increased export sales, improved regional productivity, creation of new jobs, and increased domestic capital investment.[5]
  • Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor (E-B5) regional center program permanent; and (2) establish a $2,500 regional center designation fee. [6]
  • Amends the Immigration and Nationality Act to: (1) establish a $2,000 E-B5 premium processing fee; (2) permit concurrent filing for E-B5 petitions and status adjustment applications; and (3) establish in the Treasury the Immigrant Entrepreneur Regional Account Center.[6]

Key votes

Articles and resources

See also

References

  1. OpenCongress’ info page on Invest in USA Act of 2007 (H.R.4890).
  2. U.S. Citizenship and Immigration Service's page on Immigration Through Investment.
  3. U.S. Citizenship and Immigration Service's page on Immigration Through Investment.
  4. U.S. Citizenship and Immigration Service's page on Immigration Through Investment.
  5. U.S. Citizenship and Immigration Service's page on Immigration Through Investment.
  6. 6.0 6.1 "Invest in USA Act of 2007"
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