Congress Moves Closer to EB-5 Reform

As you know, the EB-5 reform language was not included in the Omnibus this past December, but instead, Congress extended the EB-5 regional center program without any changes until September 30, 2016. I want to thank the Chairman and the Committee for your support and continued interest in strengthening the EB-5 program.

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In 1990, Congress created the EB-5 visa, which was intended to create new employment for U.S. workers and to infuse new capital into the country. Two years later, Congress revised the EB-5 category by establishing a pilot program allowing investors to use regional centers to pool their investments.

As attention returns back to the EB-5 program, Senator Grassley tweeted. of Management and Budget) action on the proposed legislative reform, Last year we saw HR 392 – Fairness to High Skilled Immigrants Act (115th Congress). and the SEC have made strides in moving the program forward.

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The Democratic National Committee moved one step closer toward reforming its presidential nominating process Tuesday, as the Unity Reform Commission created. a national political correspondent.

As the Trump administration moves closer to undoing protections for endangered species. the agencies’ efforts are quietly making their way through both chambers of Congress. Supporters say the.

WASHINGTON – The good news for banks is Congress appears poised to enact anti-money-laundering reforms favorable to the industry. The bad news is the reform perhaps most sought by financial institutions has lost popularity on Capitol Hill. The House Financial Services Committee plans to start debate this week on two standalone AML-related bills.

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The EB-5 program was recently featured in the 2013 congressional debates on immigration. Federal immigration reform provides an opportunity to “clean up” the program, in order.. ing the investment could be counted toward this requirement.. 400 regional centers that could potentially move projects in the direction of.