; or (iii) is filed under section 216A of such Act ( 8 U.S.C. 1186b ) if the underlying petition filed under section 203(b)(5) of such Act was filed prior to June 1, 2015, or approved before the date of the enactment of this Act. (B) Subparagraph (P) of section 203(b)(5) of the Immigration and Nationality Act ( 8 U.S.C. 1153(b)(5) ), as inserted by subsection (b), shall take effect 1 year after the date of the enactment of this Act and shall apply to any application filed by a regional center for approval of an investment under subparagraph (I) of such section 203(b)(5), as so inserted, filed on or after such date. 4. Other EB–5 visa reforms (a) Type of investment Section 203(b)(5)(A) of the Immigration and Nationality Act ( 8 U.S.C. 1153(b)(5)(A) ), is amended— (1) in the matter preceding clause (i), by striking (including a limited partnership) ; (2) in clause (i), by striking (C), and inserting (B), and which is expected to remain invested for not less than 2 years; ; and (3) in clause (ii)— (A) by striking and create and inserting by creating ; and (B) by inserting , United States nationals, after citizens . (b) Targeted employment areas Section 203(b)(5)(B) of the Immigration and Nationality Act ( 8 U.S.C. 1153(b)(5)(B) ) is amended to read as follows: (B) Visa set-asides and area designations (i) Reserved visas Of the visas made available under this paragraph in each fiscal year— (I) 2,000 shall be reserved for immigrants who invest in rural areas; (II) 2,000 shall be reserved for immigrants who invest in priority urban investment areas