IIUSA Statement on the Stopgap Continuing Resolution

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IIUSA Statement on the Stopgap Continuing Resolution

IIUSA Seal 2015 (png) 360 x 360IIUSA appreciates the inclusion of the EB-5 Regional Center Program in the latest stopgap continuing resolution (CR) and urges leaders in Congress to reach a permanent legislative solution prior to December 8.

The EB-5 Program – responsible for providing our communities with $20 billion in low-cost development capital since the Great Recession of 2008 – transcends politics. Should lawmakers allow the program to lapse, $13.7 billion in EB-5 investment already committed would no longer be available to support hundreds of thousands of American jobs, contribute $48.5 billion to U.S. GDP, and generate $11.9 billion in tax revenues.

While the legislative calendar has changed, IIUSA’s steadfast commitment to reforming and reauthorizing the EB-5 Program is stronger than ever. As we prepare for the December deadline, our team will continue to work tirelessly with Congressional negotiators in the fight for this critical American job-creation program.

September 7th, 2017|Categories: Congress, Government Affairs, Statements, White House|

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