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Code · BILL · 114th Congress · H.R. 3370 (Introduced in House) — To amend the Immigration and Nationality Act to promote innovation, investment, and research in the United States, an... · Sec. 203

Sec. 203. Fees; premium processing

236 words·~1 min read·/bill/114/hr/3370/ih/section-203

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Section 286 of the Immigration and Nationality Act ( 8 U.S.C. 1356 ), as amended by this Act, is further amended by adding at the end the following: There is established in the general fund of the Treasury a separate account, which shall be known as the Immigrant Entrepreneur Account . Notwithstanding any other provision of law, there shall be deposited as offsetting receipts into the account all fees collected in connection with paragraph
(5)or
(6)of section 203(b) of this Act, section 216A of this Act, or section 610(b) of the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 ( 8 U.S.C. 1153 note). Fees collected under this section may only be used by the Secretary of Homeland Security to administer and operate the employment creation program described in paragraph
(5)or
(6)of section 203(b). . Section 286(u) of the Immigration and Nationality Act ( 8 U.S.C. 1356(u) ) is amended by adding at the end the following: In the case of a petition filed under section 204(a)(1)(H) for classification under paragraph
(5)of section 203(b) and which was granted a preapproval under section 203(b)(5)(E)(iii), the Secretary shall provide premium processing services for a fee set at $5,000 and shall be deposited as offsetting receipts in the Immigrant Entrepreneur Account established under subsection (y). The Secretary may adjust this fee according to the Consumer Price Index. .
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Sec. 203
Fees; premium processing
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