WASHINGTON, DC – On December 9, 2020, a bipartisan group of lawmakers from the U.S. House of Representatives expressed their support for the EB-5 Regional Center Program in a letter sent to the Chairwoman and Ranking Member of the House Committee on Appropriations.
In the letter, the undersigned members of Congress noted the “program, devised by Congress as an economic development driver, is a proven success and we need it now more than ever. We request that you include the EB-5 Regional Center program’s reform and long-term reauthorization in the next appropriation measure.”
We greatly appreciate the leadership of U.S. Representatives Tom O’Halleran (D-AZ-01), Brian Fitzpatrick (R-PA-01), and Dwight Evans (D-PA-03) in leading this letter and look forward to working collaboratively with both the House and the Senate to ensure EB-5 has an equitable and long-term future.
The EB-5 Program “can and should be a valuable tool for economic recovery as our nation looks to emerge from its present crises” noted IIUSA Executive Director, Aaron Grau. Grau Continued, ” IIUSA and the EB-5 industry as a whole stand ready to help the nation recover to and drive economic development and job creation across the country.”
We also thank U.S. Representatives Mike Doyle (D-PA-18), French Hill (R-AR-02), Glenn Grothman (R-WI-06), Chris Jacobs (R-NY-27), Doris Matsui (D-CA-06), Marc Veasey (D-TX-33), and Susan Wild (D-PA-07) for their support and unwavering commitment to the American people and economic vitality.