1. Short title This Act may be cited as the Nordic Trader and Investor Parity Act . 2. Findings Congress makes the following findings: (1) The United States and Iceland have a long and steady bilateral relationship. (2) Diplomatic relations between Iceland and the United States may be traced back to July 7, 1941, on which date members of the United States Armed Forces arrived in Iceland as part of— (A) a bilateral defense agreement; and (B) Presidential Proclamation 2487, dated May 27, 1941 (relating to an unlimited national emergency in the United States). (3) On June 17, 1944, the United States was the first country to recognize the independent Republic of Iceland. (4) In 1949, Iceland became a founding member of the North Atlantic Treaty Organization. (5) On May 5, 1951, the United States and Iceland entered into the bilateral Defense agreement pursuant to the North Atlantic Treaty signed at Reykjavik May 5, 1951 (2 UST 1195; TIAS 2266), which provides for the defense of Iceland. (6) The United States is the largest trading partner of Iceland, accounting for approximately 20 percent of Iceland’s total trade in goods and services. (7) Iceland serves the commercial and trading interests of the United States economy, and Icelandic companies bring investments and jobs to the United States. (8) With 1/3 of all visitors to Iceland arriving from the United States, Iceland is a growing tourist destination for the people of the United States. A visa is not required for United States citizens seeking to visit Iceland. (9) Treaty trader visas (commonly referred to as E–1 visas ) and treaty investor visas (commonly referred to as E–2 visas )— (A) were established to facilitate and enhance economic interactions between the United States and other countries