• Skip to main content
  • Skip to footer
CARW
414.271.2021[email protected]

  • About
    • About CARW
    • Board Of Directors
    • Past Chairmen
  • Membership
    • CARW Membership
    • Become A Sponsor
    • CARW Sponsors
    • CARW Affiliates
    • NextGen
    • Commercial Resources
    • Legal Hotline
  • Advocacy
    • Direct Givers Conduit
    • RPAC
    • Out of State License (OSL)
  • Education
    • REALTOR Continuing Education
    • Designations
    • REALTOR Requirements
  • CARW News
    • CARW Newsletter Archives
  • CARW Exchange
    • About CARW Exchange
    • Join CARW Exchange
    • List A Property
    • Catylist Login

FOLLOW US Yo

CARW

The Commercial Association of REALTORS Wisconsin

  • About
    • Who We Are
    • Board of Directors
    • Past Chairman
    • Sponsors
    • CARW Foundation
    • Contact Us
    • WRA
    • NAR
  • Get Involved
    • Advocacy
      • CARW Advocacy
      • RPAC
      • Direct Givers Conduit
      • Out of State License
    • Education
      • Continuing Education
      • Designations
      • Obtain WI A License
      • REALTOR Requirements
    • Networking
      • Events
      • NextGen
      • CARW Committees
      • Become a Sponsor
    • Data
      • Catylist Data Exchange
      • Join Catylist
  • Membership
    • About CARW Membership
    • Benefits & Discounts
    • Member Directory (log-in required)
    • Member Spotlight
    • JOIN NOW
  • Resources
    • Obtain WI A License
    • Careers in Commercial Real Estate
    • CARW Member Resources
      • CARW Newsletter Archives
      • Commercial Resources
      • Ethics & Arbitration
      • FAQs
      • Out of State License (OSL)
      • Job Postings in Commercial Real Estate
      • Opening a Firm or Changing Firms
      • Tech Tools for CRE
      • WEDC Main Street Bounceback Grant
      • ZipForms
    • CARW Podcast: The Take
    • Find a Broker
  • News & Events
    • Events
      • All Events
      • Marquee Events
      • Continuing Education
      • Networking
    • News
      • All CARW News
      • Member News
      • Advocacy
  • Catylist Data Exchange
    • Catylist Login
    • Leadership
    • Market Reports
    • Property Search
    • Catylist Sign Up
    • Resources | Tips
  • About
    • Who We Are
    • Board of Directors
    • Past Chairman
    • Sponsors
    • CARW Foundation
    • Contact Us
    • WRA
    • NAR
  • Get Involved
    • Advocacy
      • CARW Advocacy
      • RPAC
      • Direct Givers Conduit
      • Out of State License
    • Education
      • Continuing Education
      • Designations
      • Obtain WI A License
      • REALTOR Requirements
    • Networking
      • Events
      • NextGen
      • CARW Committees
      • Become a Sponsor
    • Data
      • Catylist Data Exchange
      • Join Catylist
  • Membership
    • About CARW Membership
    • Benefits & Discounts
    • Member Directory (log-in required)
    • Member Spotlight
    • JOIN NOW
  • Resources
    • Obtain WI A License
    • Careers in Commercial Real Estate
    • CARW Member Resources
      • CARW Newsletter Archives
      • Commercial Resources
      • Ethics & Arbitration
      • FAQs
      • Out of State License (OSL)
      • Job Postings in Commercial Real Estate
      • Opening a Firm or Changing Firms
      • Tech Tools for CRE
      • WEDC Main Street Bounceback Grant
      • ZipForms
    • CARW Podcast: The Take
    • Find a Broker
  • News & Events
    • Events
      • All Events
      • Marquee Events
      • Continuing Education
      • Networking
    • News
      • All CARW News
      • Member News
      • Advocacy
  • Catylist Data Exchange
    • Catylist Login
    • Leadership
    • Market Reports
    • Property Search
    • Catylist Sign Up
    • Resources | Tips
  • facebook
  • twitter
  • instagram

EB-5 Reauthorization Update

October 7, 2016 by Amanda Hoffman

eb51The EB-5 Immigrant Investor Program is designed to stimulate the U.S. economy through job creation and capital investment by foreign investors. In exchange for making a minimum investment into a new U.S. business that results in the creation of at least 10 jobs, foreign investors may secure legal residency for themselves and their families.

Typically, foreign investors find it advantageous to participate in the program by means of an authorized Regional Center—an economic entity (public or private) that promotes economic growth and job creation and adheres to the terms of the EB-5 Regional Center Pilot Program.

Since 2003, EB-5 Regional Centers have invested over $3.1 billion of foreign capital into the U.S. economy, creating over 65,000 jobs for U.S. workers. By stimulating the economy, the EB-5 program also stimulates real estate markets across the U.S.

Reauthorization

The EB-5 Regional Center Program was originally set to expire last September. Six distinct reauthorization bills were introduced in 2015, all attempting to usher in reforms that would make the program more transparent, accountable, and permanent.

In spite of intense negotiations with the EB-5 Investment Coalition (NAR is a member of this coalition) and other stakeholders, it became clear that the details of a complex and difficult EB-5 immigration reform bill could not be resolved prior to the deadline. Among the goals under review:

Fraud and security risks

Increase Regional Centers’ financial disclosure requirements and the use of background checks on Regional Center principals, participants and project developers.

Job creation

Eliminate certain ambiguities on job creation numbers.

National security

Ensure the vetting process for visa applicants is adequate.

Reauthorization

President Barack Obama signed the Continuing Resolution on September 29, extending the reauthorization of the EB-5 Regional Center Program through December 9.

“We are pleased that lawmakers extended the EB-5 Regional Center Program in the continuing resolution signed by President Obama today,” said IIUSA Executive Director Peter D. Joseph. “The extension provides EB-5 stakeholders more time to work for important reforms that improve rigorous vetting of both projects and investors, while allowing the program to continue transforming communities and providing quality American jobs.”

This mandate takes effect immediately.

Filed Under: News, Advocacy

Footer

Newsletter

Stay current on news, events, and classes.

  • Find a Broker
  • Latest News
  • Events
  • Join CARW
  • Pay Dues
  • Exchange Login
  • Advocacy
  • Education
  • Contact Us

250 E. Wisconsin Ave, Suite 725
Milwaukee, Wisconsin 53202
414.271.2021
[email protected]

©2023 Commercial Association of REALTORS® Wisconsin.
All rights reserved.
NAR Diamond 2023 NAR CSA Logo
Website by