IIUSA Statement on H.R. 5992, The American Job Creation and Investment Promotion Reform Act of 2016

09.12.16 | Archived

IIUSA Seal 2015 (png) 360 x 360We applaud Chairman Goodlatte’s support for the EB-5 economic development program and welcome the opportunity to offer input on these complex and important issues. The new provisions in this proposal will take time for stakeholders and lawmakers in the House and the Senate to examine and the shutdown deadline is fast approaching. If the program lapses, a minimum of $11 Billion in community investment and 220,000 local jobs will disappear immediately, so we urge Congress to reauthorize the program as we continue to work for important reforms.


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