Congress to ease entry for Israeli investors

US legislators praise bill, say it will create jobs internally while investing in relationship with ally.

March 20, 2012 01:18
1 minute read.
US Congress

US Congress 390. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


WASHINGTON – A bill to help Israeli investors live in the United States is expected to pass the US House later on Monday.

Under the legislation, Israelis would be eligible for an E2 visa if they develop and direct the operations of a business in which they’ve invested – or are in the process of investing – a substantial amount of capital in the US.

Be the first to know - Join our Facebook page.

The visa would last for two years and could be indefinitely extended so long as the applicant still met the terms of the visa.

Until now, Israelis have been precluded from applying for the E2 visa because of US limitations on which countries are eligible, a change that can only be made with legislation.

“Israel is a trusted friend and a special ally, and this legislation expands business opportunities that will provide economic benefits for both countries,” said House Foreign Affairs Committee ranking member Representative Howard Berman (D-California), a sponsor of the legislation.

House Judiciary Committee chairman Representative Lamar Smith (R-Texas), the chief Republican cosponsor of the legislation, described the bill as one that “helps spur job creation and economic growth here at home and invests in our relationship with one of our closest allies.”

A similar piece of legislation has been sponsored by Senators Chuck Schumer (DNew York), Mark Kirk (R-Illinois) and Jon Kyl (R-Arizona) in the Senate, which must also pass the bill before it can be signed into law by US President Barack Obama.


A senior Senate aide explained that the bill has been moving more slowly through his chamber because Senate leaders are working to combine several other visa-related bills into one visa reform package. But he said the bill had broad bipartisan support and was likely to be taken up in the next few weeks.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

November 12, 2018
Myanmar prepares for first Rohingya returnees