Last week, the Department of Homeland Security (DHS) published in the Federal Register proposed rules that would make significant changes to the EB-5 Regional Center Program. There were two separate proposed rules published, one that addresses program monitoring and oversight, the other addresses TEAs and investment amounts. Both have a comment period that ends on April 11 and IIUSA is collecting comments from the membership for the Public Policy Committee to consider in its official comment submission to DHS, demonstrating the negative effects these proposed changes would have on the industry.
It is important that we create a record of comments, both by the association and individual organizations, that show the grave impact these changes would have on projects, communities and jobs if they were implemented. Please submit your comments, with page and section citations, to advocacy@iiusa.org no later than Friday, January 29 for consideration by the Public Policy Committee.
Additionally, as we consider our dialogue and negotiations in a new Congress that commenced earlier this month, we as an industry must approach legislators on a united front now more than ever. Towards this effort, IIUSA is collecting comments from our members for consideration in drafting a legislative proposal. At the end of 2016, draft legislation, which was never formally introduced or endorsed, was circulated around the industry. From that, we will tailor this new legislative proposal with stakeholder input to present to lawmakers as a solution to our impending sunset date on April 28 and the need for program reforms.
Consensus on this proposal is crucial. Submit your comments on the draft legislation to advocacy@iiusa.org no later than Friday, January 29 for consideration in the drafting of the new proposal.
For any questions on the above information, reach out to Associate Director of Advocacy Ashley Sanislo Casey or Advocacy Coordinator Nicole Merlene.
