H.R. 4890, The Invest in USA Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on April 15, 2008, 19:39:59, by webmaster:

H.R. 4890 would modify the EB-5 regional center program.

Detailed Summary

Invest in USA Act of 2007 - 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.

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.

Status of the Legislation

Latest Major Action: 1/14/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Points in Favor

(Log in to edit the wiki and be the first to show why the bill should pass!)

Points Against

(Log in to edit the wiki and be the first to show why the bill should not pass!)

« Return to Revision History.