Proposal for a US law to facilitate Portuguese investments

Democrat Congressman David Cicilline of Rhode Island (former mayor of Providence) presented to the US Congress a proposed law adding Portugal to the list of countries eligible for E-1 and E-2 investor visas and making it Portuguese citizens for such visas. According to the US Citizenship and Immigration Service (USCIS) website, the nonimmigrant E-1 classification allows a national of a country with which the United States maintains a trade and navigation treaty to be admitted to the US for up to two years to devote himself to international trade in his own name. The E-2 visa allows a national of a country to be admitted to the US for up to two years by investing a substantial amount of capital in a US company. The holders of these visas may request an extension of the stay, which may be granted for renewable two-year periods. However, Class E visas require a treaty between the US and the country of citizenship of the requesting citizen. Most EU countries had pre-existing bilateral investors’ treaties with the US before joining E-1 and E-2 visa beneficiaries, but Portugal did not do so and is “one of only five EU countries European Union whose citizens are not eligible for visas, although it is one of the largest trading partners in the US. The bipartisan bill is known as the “Promoting Mutances Interests and Grow our Success Act” or the AMIGOS Law (H.R. 5173). It was introduced on March 6 and forwarded to the Judiciary Committee of the Chamber of Representatives. The proposal was co-sponsored by congressmen David G. Valadão (R-California), Jim Costa (DCalifornia), Sheila Jackson Lee (D-Texas), Hakeem Jeffries (D- NY), Albio Sires E. Neal (D-Mass.), James P. McGovern (D-Mass.), Lloyd Doggett (D-Texas), John B. Larson (D-Conn.), Bill Pascrell, Jr. , Sean Patrick Maloney (D-NY) and Dina Titus (D-Nev.). Congressman Jim Costa, who represents the Luso-American community of the San Joaquin Valley in California and is co-chair of the Luso-American Parliamentary Committee, asked his colleagues in the House plenary to support the AMIGOS Act: Portugal was one of the first countries to recognize the United States after declaring our independence and winning the Revolutionary War (…) To defend the Western democracies, Por tu gal and the US helped organize Western Europe to create NA TO (… ) For these and other reasons, I call on my colleagues to join me in supporting sound party legislation. The AMIGOS Act will provide more business opportunities in the US, creating more jobs and will continue to improve the relationship that has existed for more than 200 years between the US and Portugal. ”

Source: Exclusive Portuguese Times / Azores Diary (Sunday, April 8, 2018)

Published on 9 April, 2018