EB-5 Advisory Committee Authorization

Summary#

This bill requires U.S. Citizenship and Immigration Services (USCIS) to create an EB-5 Regional Center Program Advisory Committee. The committee will advise the USCIS Director on the EB-5 regional center program, develop recommendations for program improvements, and produce reports. It may not make case-specific or petition-level recommendations. The committee must submit an annual report to the Secretary of Homeland Security and the USCIS Director; USCIS must publish a public version of that report within six months after receiving it. The Director must also brief the House and Senate Judiciary and Appropriations committees each quarter about the committee's activities. The committee will end once all EB-5 regional center program benefits filed under INA section 203(b)(5) and 216A or other implementing public law are adjudicated.

What it means for you#

  • USCIS will form and run an advisory group that includes representatives from regional centers in good standing and from federal, State, local, and Tribal governments.
  • Regional centers meeting specified criteria, local and State economic development officials, mayors of different city sizes, and certain federal agencies (Department of State and Department of Commerce) can be represented on the committee.
  • The public will get at least one open meeting a year and a public version of the committee's annual report.
  • The committee cannot intervene in individual EB-5 cases or petitions.

Expenses#

No publicly available information on costs or budgetary effects is included in the bill text.

Proponents' View#

No publicly available information on supporters' arguments or statements is included in the bill text.

Opponents' View#

No publicly available information on opponents' arguments or statements is included in the bill text.