Amends the Immigration and Nationality Act with respect to V nonimmigrants (spouses or minor children of lawful permanent residents who are awaiting family-based immigrant visas) to: (1) extend the required filing deadline for family-based petitions from the date of enactment of the Legal Immigration Family Equity Act to January 1, 2011; and (2) reduce the required waiting period for family-based immigrant visas from three years to six months.