CMB Regional Centers: It Is Time For A Bipartisan Effort To Reform, Reauthorize and Restore Congress’ Intent For The EB-5 Program
January 19, 2021 19:00 ET | Source: CMB Regional Centers CMB Regional Centers Rock Island, Illinois, UNITED STATES
DALLAS, Jan. 19, 2021 (GLOBE NEWSWIRE) The EB-5 Immigrant Investor program was created to stimulate the U.S. economy and create U.S. jobs through foreign investment, at zero cost to the U.S. taxpayer. The EB-5 Program operated for decades with many rules that were up for varying interpretations, which led to significant abuses within the program. Many EB-5 industry stakeholders, including CMB Regional Centers, knew that the EB-5 Program was a valuable tool for the U.S. economy when used properly, and urged Congress and the USCIS to take the necessary steps to reform the program and add strict integrity measures and oversight.