Congressman Jared Polis (D-CO) is leading a bipartisan effort to promote House Bill HR 616, the American Entrepreneurship and Investment Act of 2015 so that it will be passed into law by September of this year. Although the bill addresses many aspects of the subject, its emphasis is on making the EB-5 program permanent.
The last time that EB-5 was up for renewal it had not enjoyed the publicity that it has gained since the program has become so coveted by Chinese investors in particular, pushing the demand beyond the annual allotment of 10,000 EB-5 visas per year.
Polis recently wrote an article in Roll Call, in which he said, “This is a bipartisan, common-sense program that brings much needed influxes of cash from savvy businesspeople to support American jobs and bolster our economy. Unfortunately, for too long it has been subject to temporary reauthorizations, creating a lack of certainty that can drive away potential investments.”
Polis noted that the bill he and Congressman Mark Amodei (R-NV) introduced will continue to attract foreign investors to support and grow our economy and create jobs for Americans. He reiterated that EB-5 “has been a critical tool . . . to supplement our capital markets during the economic downturn.”
He put the need perspective on the passage of the bill, saying that, “We should all be able to put partisanship aside for this successful program that has broad support. Permanently authorizing EB-5, along with our common-sense bipartisan reforms, would give foreign investors the confidence that we are serious about the program and help keep valuable funds flowing to U.S. businesses.”
Dr. Gregory Finkelson is completing his new book written specifically for foreign nationals interested in immigrating to the USA by business or Investment immigration. We expect to have the book ready in April 2015. During April – May of 2015 the Book will be distributed free of charge. Please leave your request for the free Book at http://www.business-visa-usa.com/Contactus.html in English, or http://business-visa-usa.cn/Contactus.html in Chinese.
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