New EB-5 Bill Introduced On June 3rd, Charles Grassley (R-Iowa) and Patrick Leahy (D-Vermont) introduced S.1501 (American Job Creation and Investment Promotion Reform Act of 2015). This newly introduced EB-5 bill, co-sponsored by two influential senators, appears to currently have the strongest chance of passage. EB-5 Stakeholder Engagement On June 4th, the USCIS held an EB-5 Stakeholder Engagement with economists. …
May 2015: EB-5 Website Compliance, IIUSA EB-5 Impact Study, and More
Website Securities Compliance On May 7th, Catherine DeBono Holmes, Esq. and Victor T. Shum, Esq. released an interesting article titled The Basic Rules of Website Advertising for EB-5 Securities Offerings. This article is an important read for all Regional Center managers to help ensure continued website compliance with U.S. securities laws. A Roadmap to the Use of EB-5 Capital (NYU) …
NY Times Immigration Reform Op-Ed
The New York Times ran an Op-Ed written by Sheldon Anderson, Warren Buffet and Bill Gates on the topic of immigration reform. The Op-Ed, titled Break the Immigration Impasse, strongly advocates for the EB-5 Program as well as for its continued reform efforts. [T]he EB-5 “immigrant investor program,” created by Congress in 1990, was intended to allow a limited number of …
Is RIMS II Still Viable for EB-5?
In short, the answer continues to be yes. The Bureau of Economic Analysis (BEA), an agency of the Department of Commerce, will continue to sell the RIMS II multipliers until next year when they plan on releasing a new modified regional input-output model. Last year, as a result of the federal budget sequestration and reduced funding levels, BEA discontinued updates …