On April 9th, 2015, Florida Congressman David Jolly (R) introduced a bill “The E-2 Improvement Act” that could have a significant and beneficial impact on E-2 Treaty Investor Visa holders whose ultimate desire is to obtain permanent residence in the U.S if said bill is passed into law.
The purpose of the E-2 Visa Improvement Act of 2015 is to “permit certain E-2 nonimmigrant investors to adjust status to lawful permanent resident status.” Specifically, the Act would grant permanent residence to E-2 Treaty Investors who have resided in the U.S. for at least 10 years in E-2 status and whose business enterprise has created a minimum of two full-time jobs during such E-2 status. Their children (up until the age of 26) would be permitted to remain in the U.S. as dependents and could apply for employment authorization upon turning 18.
Please contact the business immigration legal team at Peek and Toland to schedule a consult.