On June 8, 2012, the President Obama signed H.R. 3992 into law. The legislation, which was spearheaded by Rep. Howard Berman (D-Calif.), will grant E-2 investor visas to citizens of Israel. E-1 treaty trader visas have been available to citizens of Israel since April 3, 1954, until now they were ineligible to seek E-2 investor visas. Unfortunately, E-2 eligibility for citizens of Israel will not become effective until the terms and conditions of the final agreement are determined between the two countries.