Bill > HR6992

This bill establishes an EB-5 Regional Center Program Advisory Committee within U.S. Citizenship and Immigration Services (USCIS) to advise and make recommendations on the EB-5 Regional Center Program, which allows foreign investors to obtain U.S. visas by investing in U.S. businesses. The committee will consist of up to 35 members representing federal, state, local, and tribal governments, as well as EB-5 regional centers in good standing, with specific representation categories for different types of regional centers and government officials. The committee will meet at least quarterly, with at least one public meeting annually, and will submit periodic and annual reports to the Director of USCIS and the Secretary of Homeland Security, with public versions of annual reports to be published. The committee will also provide quarterly briefings to relevant Congressional committees. The committee will be dissolved once all benefits filed under the EB-5 program and related laws have been adjudicated. Members will serve two-year terms without compensation, except for federal employees, and can be reappointed for a maximum of six consecutive terms. The committee will establish subcommittees to address specific issues such as administration, impact, and policy related to the EB-5 program, and these subcommittees will also meet regularly and report their findings. The committee's actions must conform to the EB-5 Reform and Integrity Act of 2022.

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https://www.congress.gov/bill/119th-congress/house-bill/6992/all-info