H.R. 4178: American Entrepreneurship and Investment Act of 2014

113th Congress · introduced 2014-03-06 · Immigration · Latest: Referred to the Subcommittee on Immigration and Border Security.

federal

Follow this bill, step by step

Where it came from: introduced 2014-03-06 · official record
Who proposed it: Rep. Polis, Jared [D-CO-2] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Immigration and Border Security. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

American Entrepreneurship and Investment Act of 2014

Plain summary

American Entrepreneurship and Investment Act of 2014 - Amends the Immigration and Nationality Act to make the EB-5 immigrant investor program permanent. Increases the targeted employment area set-aside. Includes in the definition of targeted employment area (TEA): (1) a military installation closed pursuant to a base closure law; (2) a county with a 20% or greater population decline since 1970; and (3) an area within a federal, state, county, or city economic development incentive program. Directs the Secretary of Homeland Security (DHS) to defer to state TEA designations. Provides for five-year Consumer Price Index-based adjustments to the required EB-5 investment amount beginning on January 1, 2016. Permits job creation requirements to include employment measured in full-time equivalents, such as intermittent or seasonal employment opportunities and construction jobs. Directs the Secretary to: (1) establish a preapproval procedure for commercial enterprises that allows a regional center to apply for preapproval of a new commercial enterprise before an alien files a petition for classification by reason of investment in such enterprise; and (2) defer to certain prior favorable EB-5 determinations except in the case of fraud, material change, or legal deficiency. Prohibits a person who has been found liable for specified criminal or civil activities from serving as an owner, director, or officer of a regional center. Requires EB-5 petitions to be adjudicated within 180 days unless additional information is required. Revises the criteria under which a immigrant investor or entrepreneur shall have his or her conditional permanent resident status terminated. Provides that the child of an alien investor whose conditional permanent resident status is terminated shall continue to be considered a child of the alien investor for purposes of a subsequent immigrant petition by the alien investor if the child remains unmarried and the alien investor's subsequent petition is filed within one year after termination of status. Provides for: (1) a consolidated petition by an alien investor and his or her spouse and children, and (2) premium petition processing for a $5,000 fee. Prescribes criteria for national interest waivers for: (1) physicians working in shortage areas or veterans facilities, and (2) entrepreneurs and job creators who have engaged in a new commercial enterprise in the United States that has benefitted the U.S. economy and who have satisfied certain employment creation requirements. Exempts spouses and children of EB-5 immigrants from EB-5 admissions limits. Authorizes concurrent filing of EB-5 petitions and applications for status adjustment to conditional lawful permanent resident. Eliminates the per-country limit for employment-based immigrants and increases the per-country limit for family-based immigrants. Amends the Chinese Student Protection Act of 1992 to eliminate the requirement that the annual Chinese immigrant visas be reduced by a specified amount to offset status adjustments under that Act. Subjects EB-5 petitions to the Foreign Corrupt Practices Act.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

American Entrepreneurship and Investment Act of 2014

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Polis, Jared [D-CO-2] · 8 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark E. Amodei (R-NV), Raul Ruiz (D-CA), Marc A. Veasey (D-TX)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113hr4178.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/hr>

Record fed-us-cong113-hr4178 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113