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

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about immigration
You can read the bill
Sponsor Jared Polis, D-Colo.
Total Cosponsors 8 (5 Democrats, 3 Republicans)
Introduced March 6, 2014
Latest Major Action April 16, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill 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 c...

(Source: Congressional Research Service)

Bill Actions

Date Description
April 16, 2014 Referred to the Subcommittee on Immigration and Border Security.
March 6, 2014 Referred to the House Committee on the Judiciary.