Industry trade association believes a bill can be ready for Congress to pass before the December 11 sunset date
Invest in the USA (IIUSA), the non-for-profit industry association representing more than 290 EB-5 Regional Centers, has developed detailed comments on draft legislation reauthorizing the EB-5 Regional Center Program. The comments were submitted to the House and Senate Judiciary Committee leaders currently negotiating legislative language. Without passage of reauthorization legislation, the EB-5 Regional Center Program will expire on December 11.
Under EB-5, a program created by Congress with broad bipartisan support, foreign nationals who invest at least $500,000 or $1,000,000 in approved U.S. businesses are eligible for permanent residency if the U.S. government confirms that their investment created at least 10 American jobs within two years of the investment.
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