ICELAND Act

This bill would let people from Iceland apply for E-1 (treaty trader) and E-2 (treaty investor) visas to do business or invest in the United States—but only if Iceland gives Americans the same kind of status in Iceland. It’s a two-way deal: Icelandic nationals could come here to trade or invest, and U.S. nationals would need to be treated similarly there.

Key points

• Who is affected: Icelandic traders and investors, and U.S. nationals seeking similar status in Iceland.
• What changes: Adds Iceland to the list of countries eligible for E-1 and E-2 visas, if Iceland offers the same to Americans.
• Condition: This only applies if Iceland provides similar nonimmigrant status to U.S. nationals.