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H.R. 616: American Entrepreneurship and Investment Act of 2015

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H.R. 616: American Entrepreneurship and Investment Act of 2015

114th Congress · introduced 2015-01-28 · Immigration · Latest: Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-603.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-01-28 · official record
  2. Who proposed it: Rep. Polis, Jared [D-CO-2] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 114-603. Not final yet: this can still change. We check for updates every day.
  5. 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 2015

Plain summary

American Entrepreneurship and Investment Act of 2015 Amends the Immigration and Nationality Act to make the EB-5 immigrant investor program permanent. Increases the targeted employment area set-aside. Directs the Secretary of Homeland Security to defer to state targeted employment area designations. 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. 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 a consolidated petition by an alien investor and his or her spouse and children. 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 2015

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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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] · 24 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark E. Amodei (R-NV), Ami Bera (D-CA), Mike Quigley (D-IL), Frederica S. Wilson (D-FL), Robin L. Kelly (D-IL), Steve Cohen (D-TN), David G. Valadao (R-CA), Bill Huizenga (R-MI), Marc A. Veasey (D-TX), Hakeem S. Jeffries (D-NY), Judy Chu (D-CA), Scott H. Peters (D-CA), Joyce Beatty (D-OH)

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

Record fed-us-cong114-hr616 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114