S. 2115 · 114th Congress
Targeted Employment Areas Improvement Act
- Stage
- In committee
- Sponsor
- Jeff Flake
- Introduced
- 2015-10-01
- Latest action
- 2015-10-01 · Introduced in Senate
Summary
Targeted Employment Areas Improvement Act
This bill amends the Immigration and Nationality Act to increase the number of fiscal year EB-5 (employment creation) visas for qualified immigrants who invest in a new commercial enterprise which, in addition to creating jobs in a targeted employment area, will invest the required capital in such area.
Designation of a high unemployment area as a targeted employment area shall be valid for renewable five-year periods.