Bi-partisan legislation has been introduced in the U.S. Senate to extend the EB-5 regional center program for immigrant investors, and it includes significant changes.<\/p>\n
Senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vt.) introduced Senate Bill 1501 on June 3. The proposed legislation would implement a five-year extension of the EB-5 regional center program, which would otherwise expire in September 2015. The EB-5 program permits an immigrant investor to obtain permanent resident status by investing either in a new or existing business, or in a project developed by a regional center in the United States. Regional centers create projects for immigrant investors mostly in targeted employment areas, which have a minimum investment amount of $500,000. Regional center projects can use indirect job creation to meet the statutory EB-5 job creation requirements. S.B. 1501 is the first bill introduced to extend this popular investment program.<\/p>\n
S.B. 1501, called The American Job Creation and Investment Promotion (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Bi-partisan legislation has been introduced in the U.S. Senate to extend the EB-5 regional center program for immigrant investors, and it includes significant changes. Senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vt.) introduced Senate Bill 1501 on June 3. The…<\/span><\/p>\n