Bill Text: TX HB3383 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the EB-5 immigrant investor visa program administered by United States Citizenship and Immigration Services.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2015-03-19 - Referred to International Trade & Intergovernmental Affairs [HB3383 Detail]
Download: Texas-2015-HB3383-Introduced.html
| 84R12154 DDT-D | ||
| By: Davis of Dallas | H.B. No. 3383 | |
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| relating to the EB-5 immigrant investor visa program administered | ||
| by United States Citizenship and Immigration Services. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Title 99, Business & Commerce Code, is amended by | ||
| adding Chapter 2005 to read as follows: | ||
| CHAPTER 2005. NOTIFICATION OF ISSUANCE OF EB-5 IMMIGRANT VISAS | ||
| Sec. 2005.001. DEFINITIONS. In this chapter: | ||
| (1) "Commercial enterprise" and "regional center" | ||
| have the meanings assigned by 8 C.F.R. Section 204.6. | ||
| (2) "Program" means the EB-5 immigrant investor visa | ||
| program administered by United States Citizenship and Immigration | ||
| Services. | ||
| Sec. 2005.002. NOTIFICATION OF ISSUANCE OF VISAS. (a) To | ||
| the extent allowed under federal law, a regional center shall | ||
| notify the Texas Workforce Commission and each municipality or | ||
| county of each EB-5 immigrant visa issued under the program in | ||
| exchange for an investment in a commercial enterprise located in | ||
| the municipality or county. | ||
| (b) The notification must include: | ||
| (1) the number of individuals granted an EB-5 | ||
| immigrant visa in exchange for an investment in the commercial | ||
| enterprise; and | ||
| (2) the number of jobs created or preserved or that may | ||
| be created or preserved in the municipality or county by the | ||
| investments in the commercial enterprise by the individuals | ||
| described by Subdivision (1). | ||
| SECTION 2. (a) In this section, "program" means the EB-5 | ||
| immigrant investor visa program administered by United States | ||
| Citizenship and Immigration Services. | ||
| (b) The Texas Workforce Commission shall conduct a study of | ||
| the impact of the program in this state. | ||
| (c) The study, to the extent practicable, must: | ||
| (1) identify the number of direct jobs created under | ||
| the program in this state at the state, regional, and targeted | ||
| employment area levels; | ||
| (2) identify the number of indirect jobs created under | ||
| the program in this state at the state, regional, and targeted | ||
| employment area levels; | ||
| (3) evaluate the economic impact of the investments of | ||
| each regional center at the state, county, city, and targeted | ||
| employment area levels; | ||
| (4) measure the typical lifespan of a project funded | ||
| by the program and the jobs created under the program; | ||
| (5) identify the total amount invested under the | ||
| program in this state at the state, county, city, and targeted | ||
| employment area levels; | ||
| (6) categorize the types of projects funded under the | ||
| program; | ||
| (7) identify the projects funded under the program | ||
| that receive state or local tax exemptions; | ||
| (8) identify the number of EB-5 visa recipients who | ||
| invest in this state and who are residents of this state; | ||
| (9) identify the percentage of EB-5 visa recipients in | ||
| this state by each country of origin; | ||
| (10) evaluate the effectiveness of the program in | ||
| providing various benefits to local communities, including job | ||
| creation, investment, and other benefits the commission considers | ||
| important; | ||
| (11) evaluate the relationships between the regional | ||
| centers and local economic development organizations or municipal | ||
| governments; | ||
| (12) evaluate whether the jobs created by program | ||
| investments are generally aligned with the skill levels of the | ||
| residents in the area where the jobs are created; and | ||
| (13) identify the proportion of jobs created by the | ||
| program that are filled by residents of the targeted employment | ||
| area versus those filled by persons who reside outside the targeted | ||
| employment area. | ||
| SECTION 3. Not later than December 1, 2016, the Texas | ||
| Workforce Commission shall submit a report of the results of the | ||
| study to the governor, the lieutenant governor, and the members of | ||
| the legislature. | ||
| SECTION 4. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2015. | ||
