EB-5 Notes – Important Legislative Update

May 20, 2019

This Monday morning, Carolyn Lee PLLC is pleased to share an important legislative update.

This past Friday, May 17, 2019, the EB-5 industry stakeholders sent a joint letter to Congress requesting a 6-year reauthorization of the EB-5 regional center program with shared legislative reform principles.

The full text of the letter is here.

The significance of this effort is that the EB-5 industry is for the first time expressing shared, single position on EB-5 legislative reform. This signals to Congress that EB-5 stakeholders are ready to work with Congress on legislation to bring stability, needed integrity reforms, modernized incentives, and much-needed essential visa backlog relief.

Below are the letter’s signatories. Congratulations to this group for working together in sending a unified message to Congress. There is now real hope for long-term EB-5 reauthorization.

By |2019-05-20T14:36:34+00:00May 20th, 2019|Uncategorized|

About the Author:

Carolyn Lee has vast experience in EB-5 representation and has served as industry leader and EB-5 commentator for over a decade. She is Chair of the American Immigration Lawyers Association (AILA) National EB-5 Committee. She has steered clients through the most dynamic period of growth in EB-5 program history and is an advocate for long term reauthorization and expansion of the EB-5 program.