SJRES 55
116th Congress
Senate
Immigration
Administrative law and regulatory procedures
Congressional oversight
Department of Homeland Security
Financial services and investments
Foreign labor
Immigration status and procedures
U.S. and foreign investments
Visas and passports
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Acting Secretary of Homeland Security relating to "Immigrant Investor Program Modernization"
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 2019
Read twice and referred to the Committee on the Judiciary.
Sep 24, 2019
Introduced in Senate
Plain-English summary
This joint resolution prohibits the rule changes related to the EB-5 investor program and submitted by the Department of Homeland Security in 84 Fed. Reg. 35750 on July 24, 2019, from taking effect.
The EB-5 visa provides lawful permanent residence to foreign nationals who invest a specified amount of capital in a new commercial enterprise in the United States and create at least 10 jobs. The changes under the rule include (1) increasing the minimum required investment amounts to qualify for an EB-5 visa, and (2) changing the criteria for determining when an area qualifies as a targeted employment area.
What's happening now
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1