Amends the Immigration and Nationality Act with respect to a "V" visa nonimmigrant spouse and minor child of a lawful permanent resident alien whose petition for immigrant status is pending or approved but still pending, to: (1) extend such petition's filing deadline from December 21, 2000 (enactment date of the Legal Immigration Family Equity Act) to January 1, 2011; and (2) reduce such petition's required pending period from three years to six months.