Detailed Summary

State Foreign Investment Improvement Act - Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor (EB-5) 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 EB-5 premium processing fee; (2) permit concurrent filing for EB-5 petitions and status adjustment applications; and (3) establish in the Treasury the Immigrant Entrepreneur Regional Account Center.

Status of the Legislation

Latest Major Action: 3/12/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on the Judiciary.

Points in Favor

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Points Against

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