On April 9, 2015, Congressman David Jolly introduced a bill in the House of Representatives titled “E-2 Visa Improvement Act of 2015.” The purpose of the bill is to amend the Immigration and Nationality Act to permit certain E-2 nonimmigrant investors to become lawful permanent residents. A bill becomes law only if it is passed by the House of Representatives, passed by the Senate, and then signed by the President.
Currently, all E-2 nonimmigrants must maintain an intention to depart the U.S. when their status expires or is terminated. Congressman Jolly’s bill would allow business investors in the United States to apply for permanent residence status after 10 years in E-2 status, if the enterprise has created full-time employment for at least two individuals.
Read further about this proposed law and what it would mean for E-2 investors on our Immigration Blog.