Bill > S2540

This bill: - Reauthorizes the EB-5 Regional Center Program until September 30, 2024 to prevent fraud and promote foreign capital investment and job creation in American communities. - Imposes new requirements on regional centers, new commercial enterprises, and job-creating entities to enhance compliance, monitoring, and transparency, such as annual statements, site visits, record-keeping, and audits. - Establishes an EB-5 Integrity Fund to be used for investigations, audits, and other oversight activities. - Amends the conditional permanent residency requirements for EB-5 investors, including changing the job creation requirements and timelines for removing conditions. - Includes various other reforms to the EB-5 program, such as defining key terms, changing age determination rules for children of investors, and requiring certain background checks. - Aims to ensure timely processing of EB-5 petitions and applications by setting fee levels and processing time goals for USCIS. - Imposes transparency requirements on Department of Homeland Security employees to prevent preferential treatment in administering the EB-5 program.