Mr. Speaker. today I have introduced a bill H.R. 4619 to modify requirements under the Immigrant Investor Pilot Program to permit an alien who joins a limited partnership after its original creation to qualify with respect to the establishment of a new commercial enterprise and thus. qualify for a visa under such program. This legislation is needed due to a ruling of the Immigration Administrative Appeals Office. The court held in Matter of lzumii that if an alien does not establish that they played a participatory role in the establishment of the commercial enterprise. then that alien is not considered a investor under the provisions of the Immigration and Nationality Act. In other words. if an investor joins a project after a limited partnership is formed. as is true in most cases. then the investor does not qualify for a visa under this program. This has come as a shock to the business community. Never before has the act been interpreted in this manner.
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visa Immigrant Immigration