Co-sponsor and amend the "E-2 Visa Improvement Act of 2015" H.R.1834
This petition had 4 supporters
Sponsored by Rep. David Jolly, the E-2 Visa Improvement Act of 2015 - H.R. 1834 creates a pathway to permanent residence for E2 Treaty Investors with a track record of 10 years of economic contributions to the US economy.
As a co-sponsor, consider proposing the following amendment to SEC. 2..2 of the bill text by adding the below bold text.
· IN GENERAL.—In the case of an alien who has been present in the United States in the status of an alien described in section 101(a)(15)(E)(ii) for at least 10 years the alien is deemed as satisfying the requirement of subparagraph (A)(ii) if the enterprise has created full-time employment for not fewer than two individuals described in such subparagraph (A)(ii) [or made an investment of no less than $350,000 which money has been irrevocably committed to the enterprise, and is at risk should the business fail.]
RATIONAL ON WHY THE BILL NEEDS THE AMENDMENT:
The current version of the bill excludes the category of E2 Treaty Investors who hire less than 2 full-time US workers yet who do make substantial investments thereby indirectly creating jobs for US workers
The amendment is necessary for the contributions of E2 Treaty Investors who make substantial investments as defined in the "U.S. Department of State Foreign Affairs Manual Volume 9 - Visas" 9 FAM 41.51 N1 TREATY TRADERS AND INVESTORS - which indirectly create jobs per the E2 Treaty's intent- get taken into account.
FAM defines as investments the substantial purchases of equipment and inventory; appraisals of the market value of land, buildings, equipment, and machinery; accounting audits; and records required by various governmental authorities.
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