summary
Introduced
03/18/2021
03/18/2021
In Committee
03/18/2021
03/18/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To reauthorize the EB-5 Regional Center Program in order to prevent fraud and to promote and reform foreign capital investment and job creation in American commu- nities.
AI Summary
This bill reauthorizes the EB-5 Regional Center Program until 2026, and implements various reforms to prevent fraud and promote foreign capital investment and job creation in U.S. communities. Key provisions include: establishing an EB-5 Integrity Fund to fund investigations and audits; requiring regional centers to comply with securities laws and provide annual statements on their activities; placing restrictions on who can be involved with regional centers; allowing certain petitioners to retain their immigration priority dates if a regional center is terminated; and requiring timely processing of EB-5 applications and petitions.
Committee Categories
Justice
Sponsors (2)
Last Action
Read twice and referred to the Committee on the Judiciary. (on 03/18/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/831/all-info |
| BillText | https://www.congress.gov/117/bills/s831/BILLS-117s831is.pdf |
| Bill | https://www.congress.gov/117/bills/s831/BILLS-117s831is.pdf.pdf |
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