SMARTER Act

(a) In general. For each of fiscal years 2026 through 2035, 25,000 immigrant visas shall be made available for immigrants seeking to enter the United States—

(1) who pay a fee to the Secretary of Commerce in an amount of $1,000,000 plus a processing fee of $15,000; or

(2) on whose behalf a corporation pays a fee to the Secretary of Commerce in an amount of $2,000,000 plus a processing fee of $15,000.

(b) Background checks. The Secretary of Homeland Security shall conduct background checks on each applicant under this section to ensure that each such applicant is otherwise admissible under the immigration laws.

(c) Employment authorization. The Secretary of Homeland Security shall provide aliens admitted to the United States under this section with employment authorization.

(d) Numerical limitations. Visas described in this section are not subject to the worldwide levels or numerical limitations under the immigration laws.

(e) Fee adjustments for inflation. The Secretary of Commerce shall adjust the amount of the fee required under subsection (a) every 2 years, as appropriate, to reflect inflation.

(f) Definitions. In this section, the terms have the meanings given such terms in the Immigration and Nationality Act (8 U.S.C. 1101 et seq.).