Section 1 Short title
This Act may be cited as the “Rural Economy Vital Investment Visa Encouragement Act of 2013” or as the “REVIVE Act of 2013”.
Rural Economy Vital Investment Visa Encouragement Act of 2013
A BILL
To amend the Immigration and Nationality Act to provide for additional investment visas for aliens investing in rural areas.
Sec. 2 In general
Section 203(b)(5) of the Immigration and Nationality Act (8 U.S.C. 1153(b)(5)) is amended—
in subparagraph (C), by adding at the end the following:
“(iv) Adjustment for rural areas—In the case of an investment made pursuant to subparagraph (E), the amount of capital required under subparagraph (A) shall be $200,000. This amount may be increased by regulation in the same manner as the amount specified in clause (i).”
by adding at the end the following:
“(E) Set-aside for rural areas—Not less than 3,000 of the visas made available under this paragraph in each fiscal year shall be reserved for qualified immigrants who—
“(i) at the time such aliens apply for a visa under this subparagraph, have nonimmigrant status under section 101(a)(15)(E)(ii) and have been present in the United States for a period 2 years continuously; and
“(ii) invest in a commercial enterprise described in subparagraph (A) which will create employment in a rural area, except that such commercial enterprise need only create full time employment for not fewer than 5 United States citizens or aliens lawfully admitted for permanent residence or other immigrants lawfully authorized to be employed in the United States (other than the immigrant and the immigrant’s spouse, sons, or daughters).”