Small Business Liberation Act

House Bill

H.R. 3986

119th Congress

Small Business Liberation Act

In Committee

Introduced:Jul 10, 2025

Primary Sponsor

Chellie Pingree

Representative

Democratic

ME-1

Cosponsors

5

Quick Stats

Policy Area

Immigration

Summary

The ICELAND Act would allow nationals of Iceland to get E visas, which are for foreign investors and traders, as long as Iceland offers a similar visa status to American citizens. This would make it easier for Icelandic business owners and investors to come to the United States.

Latest Action

Referred to the House Committee on the Judiciary.

SponsorChellie Pingree (D-ME)

Introduced7/10/2025

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Small Business Liberation Act

The ICELAND Act would allow nationals of Iceland to get E visas, which are for foreign investors and traders, as long as Iceland offers a similar visa status to American citizens. This would make it easier for Icelandic business owners and investors to come to

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The ICELAND Act would allow nationals of Iceland to get E visas, which are for foreign investors and traders, as long as Iceland offers a similar visa status to American citizens. This would make it easier for Icelandic business owners and investors to come to the United States.

Bill Number: 3986
Sponsor: Chellie Pingree (D-ME)
Introduced: 7/10/2025
Status: Referred to the House Committee on Ways and Means.
Policy Area: Immigration

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Small Business Liberation Act
Bill Number: 3986
Sponsor: Chellie Pingree (D-ME)
Status: Referred to the House Committee on Ways and Means.
Introduced: 7/10/2025
Summary: The ICELAND Act would allow nationals of Iceland to get E visas, which are for foreign investors and traders, as long as Iceland offers a similar visa status to American citizens. This would make it easier for Icelandic business owners and investors to come to the United States.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The ICELAND Act would allow nationals of Iceland to get E visas, which are for foreign investors and traders, as long as Iceland offers a similar visa status to American citizens. This would make it easier for Icelandic business owners and investors to come to the United States.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Iceland Commercial and Economic Leadership for Arctic and National Development Act or the ICELAND Act This bill establishes that a national of Iceland shall be eligible for an E visa (for an investor or trader who is a national of a foreign country with a treaty of commerce and navigation with the United States) if Iceland provides a similar nonimmigrant status to U.S. nationals.

Key Points

Main provisions of the bill

The bill establishes that Icelandic nationals can get E visas, which are for foreign investors and traders, as long as Iceland offers a similar visa status to American citizens.
This would make it easier for Icelandic business owners, investors, and traders to come to the US and do business.
The bill aims to promote economic cooperation and trade between the US and Iceland.

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would affect Icelandic business owners, investors, and traders who want to come to the US. It would make it easier for them to get the necessary visas to live and work in the US. This could increase economic and business ties between the two countries.

Policy Areas

Primary Policy Area

Immigration

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3986, 119th Congress (2025). "Small Business Liberation Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-3986

Public Opinions

Community submissions related to this bill.

Share your opinion

No public opinions yet. Be the first to submit one for this bill.

Related Bills in Immigration

S 1292

Save Our Seafood Act

Read twice and referred to the Committee on the Judiciary.

S 1208

Privacy Act Modernization Act of 2025

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

HR 2366

American Families United Act

Referred to the House Committee on the Judiciary.

HR 2349

Uyghur Human Rights Protection Act

Referred to the Committee on the Judiciary, and in addition to the Committee on Foreign Affairs, for