FOR IMMEDIATE RELEASE
September 29, 2016
EB-5 INVESTMENT COALITION STATEMENT ON CONGRESSIONAL ACTION TO EXTEND THE EB-5 REGIONAL CENTER PROGRAM
WASHINGTON, DC- The EB-5 Investment Coalition, a broad-based coalition representing EB-5 industry participants across the country, today released the following statement from Angelique Brunner, the EB-5 Investment Coalition’s Industry Membership Chair and Spokesperson, on Congress’ extension of the EB-5 Regional center program as part of the Continuing Resolution:
“We thank Congress for extending the EB-5 Regional Center program as part of the Continuing Resolution. Permanent reform and a long term extension of the EB-5 program are vital to attract investment from around the world and continue to create jobs for Americans. Real reform is needed, as in some instances the EB-5 program has been manipulated by bad actors who have committed fraud. This has cast a shadow over the industry and compromised EB-5 regional centers that play by the rules, create jobs and boost economic activity all across the country.
“The EB-5 Investment Coalition has been advocating for the passage of broad reforms that would prevent fraud, protect national security, and strengthen the program. We fully support strong integrity measures and a comprehensive reform package. The EB-5 program has created tens of thousands of jobs, and with common sense reforms it will create more jobs, investment and community revitalization.
About the EB-5 Investment Coalition:
The EB-5 Investment Coalition (EB-5IC) is a broad-based organization of businesses, industry leaders, trade associations and elected officials mobilizing around the shared mission of putting Americans to work by reauthorizing and strengthening the critical EB-5 Regional Center Program. For more information, please visit: www.eb5coalition.org.