; and (9) in subsection (g)(3), as redesignated, by striking a limited partnership and inserting any entity formed for the purpose of doing for-profit business . (b) Effective dates (1) In general Except as provided under paragraph (2), the amendments made by subsection (a) shall take effect on the date of the enactment of this Act. (2) Exceptions (A) Site visits The amendment made by subsection (a)(5)(B)(iv) shall take effect not later than 2 years after the date of the enactment of this Act. (B) Petition beneficiaries The amendments made by subsection (a) shall not apply to the beneficiary of a petition that is filed under section 216A of the Immigration and Nationality Act ( 8 U.S.C. 1186b ) if the underlying petition filed under section 203(b)(5) of such Act ( 8 U.S.C. 1153(b)(5) ) was approved before the date of the enactment of this Act. 4. EB–5 visa reforms (a) Definitions Section 203(b)(5)(D) of the Immigration and Nationality Act ( 8 U.S.C. 1153(b)(5)(D) ) is amended to read as follows: (D) Definitions In this paragraph: (i) Affiliated job-creating entity The term affiliated job-creating entity means any job-creating entity that is controlled, managed, or owned by any of the people involved with the regional center or new commercial enterprise under section 203(b)(5)(H)(v). (ii) Capital The term capital — (I) means cash and all real, personal, or mixed tangible assets owned and controlled by the alien investor, or held in trust for the benefit of the alien and to which the alien has unrestricted access; (II) shall be valued at fair market value in United States dollars, in accordance with Generally Accepted Accounting Principles or other standard accounting practice adopted by the Securities and Exchange Commission, at the time it is invested under this paragraph