; (II) is insured; (III) is maintained by the job-creating entity, except as provided in paragraph (6); and (IV) contains only the pooled investment funds of alien investors in a new commercial enterprise with respect to a single capital investment project. . 3. Conditional permanent resident status for alien investors, spouses, and children (a) In general Section 216A of the Immigration and Nationality Act ( 8 U.S.C. 1186b ) is amended— (1) by striking Attorney General each place such term appears (except in subsection (d)(2)(C)) and inserting Secretary of Homeland Security ; (2) by striking entrepreneur each place such term appears and inserting investor ; (3) in subsection (a), by amending paragraph (1) to read as follows: (1) Conditional basis for status (A) In general Except as provided in subparagraph (B), an alien investor, alien spouse, and alien child shall be considered, at the time of obtaining status as an alien lawfully admitted for permanent residence, to have obtained such status on a conditional basis subject to the provisions of this section. (B) Exception An alien investor (and his or her alien spouse or alien child) whose petition under subsection (f) is approved before the alien investor is lawfully admitted for permanent residence shall be granted the status of an alien lawfully admitted for permanent residence without conditions. ; (4) in subsection (b)— (A) in the subsection heading, by striking entrepreneurship and inserting investment ; and (B) by amending paragraph (1)(B) to read as follows: (B) the alien did not invest the requisite capital; or ; (5) in subsection (c)— (A) in the subsection heading, by striking of timely petition and interview ; (B) in paragraph (1)— (i) in the matter preceding subparagraph (A), by striking In order and inserting Except as provided in paragraph (3)(D), in order ; (ii) in subparagraph (A)— (I) by striking must and inserting shall ; and (II) by striking , and and inserting a semicolon; (iii) in subparagraph (B)— (I) by striking must and inserting shall