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  • Posted on:  05 September 2016

Leading EB-5 trade associations/coalitions composed a letter to Senate and House Judiciary Committee Leaders and Members expressing support for extending the EB-5 and recommending reforms to enhance program integrity and effectiveness as a development tool. The EB-5 industry accounts for billions of dollars of investment and tens of thousands of American jobs annually. Stakeholders are encouraged with a copy of the letter.

Contents of the letter highlight support for:

  1. Industry measures
  2. Targeted Employment (“TEA”) Policy and Investment Level Difference
  3. Visa Capacity and Backlog Reduction
  4. Grandfathering/Transition Period
  5. Extension of the Regional Center Program

As the “sunset date” of September 30, 2016 approaches, the next few months are critical for the EB-5 industry. The goal is to keep EB-5 working for America for the long term.

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