WASHINGTON (JTA) — United States President Obama signed legislation that adds Israel to the list of countries eligible for non-immigrant investor visas in the United States.

The legislation, which was spearheaded by Rep. Howard Berman (D-Calif.), grants Israelis E-2 investor visas, allowing them to live and work in the US in order to be closer to their investments.

The legislation, signed Monday, passed the House and the Senate in recent months by wide bipartisan margins.

Seventy-nine countries are party to longstanding treaties with the United States that allow their citizens to apply for E-2 status.