Today the US Congress produced a new bill on EB-5 regional center program, the Chinese industry stakeholders are calling it "Crazy Bill". The required USCIS pre-approval of project's business plan is not realistic and will kill many projects that need foreign capital! Fully disclosing finder's fees to investors will put a stop to many migration agents in the marketplace, some agents will completely give up EB-5 business. Though Chinese migration agents call Crazy Bill insane, it is a great plan to set aside 4000 visa quota for projects in rural areas and priority urban areas. Having $25000 annual fee collected for the Integrity Fund is very necessary to get rid of many non-producing and dysfunctional regional centers. To learn more about EB-5 marketplace's latest trends, join us in NYC on Oct 26.
