Aug
03

Senate acts to reauthorize EB-5 Regional Center Program for three years

Reporting from Washington, DC

IIUSA is thrilled to be present in DC to support Senate action yesterday to reauthorize the EB-5 Regional Center Program for three years via unanimous consent.  The House is expected to do the same in September after August Congressional recess.

CLICK HERE TO VIEW A PDF OF THE 3 YEAR REAUTHORIZATION PASSED BY THE SENATE.

The bipartisan support of this Program should come as no surprise since its explicit purpose is U.S. job creation without adding a dime to the deficit (in fact, it contributes to deficit reduction through tax revenue generation by driving economic activity and adding high net worth individuals to U.S. taxrolls).  IIUSA will continue to advocate for prompt action by the House in September to make sure this Program can continue its growing contribution to the U.S. economy, on track for over $2.0BILLION  and 40,000 U.S. jobs in FY2012.  Congressional action to reauthorize will allow FY2013 to account for even more economic impact.

With today’s jobs report ticking unemployment up to 8.3%, it is gratifying to know that Congress understands the importance of reauthorizing an emergent source of reliable, job-creating capital.

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  1. […] to take up this matter before September 30th, when the current authorization is set to expire. Senate acts to reauthorize EB-5 Regional Center Program for three years IIUSA is thrilled to be present in DC to support Senate action yesterday to reauthorize the EB-5 […]

  2. […] With Congress poised to renew the Program for three years in September, IIUSA is pleased to provide the necessary education and leadership to support the EB-5 industry so the next reauthorization is a permanent one.  Furthermore, IIUSA could not be more thrilled to have CDFA as an official partner in these endeavors of supporting regional economic development throughout the United States in the years ahead. […]

  3. […] 2012/08/02: Senate passes three year reauthorization of EB-5 Regional Center Program with uananimous support via… […]