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Thursday, October 1, 2015
Senator Rand Paul introduces EB-5 Legislation
(Source:EB-5 Investment Coalition) Senator Paul just introduced a bill, S. 2122, The Invest In Our Communities Act. This bill combines the integrity measures found in S. 1501 the Grassley/Leahy bill and other programmatic changes similar to H.R. 616 the Polis/Amodei bill. Some of the key changes include:
- Permanent reauthorization of the Regional Center Program - Elimination of Derivative Family Members from the Quota - Additional Visa Numbers for the EB-5 Category - Elimination of Certain Per Country Quotas
The bill does not change the existing TEA language or the amount of the invest.