On Friday, September 28, 2012, the President signed into law S. 3245, which extends the EB-5 Regional Center Program to September 30, 2015. Earlier this year, the three year re-authorization passed the Senate continuing on to pass the U.S. House of Representatives 412 to 3.
View the Statement by the White House Press Secretary
Friday January 20,2012 – United States Senator Ron Johnson visited FirstPathway Partners today to express his appreciation for the significant economic and job creation impact FirstPathway Partners has had on Southeast Wisconsin under the Federal EB5 Regional Center Program. FirstPathway Partners was honored to host the senator and hear his insights.
Senator Johnson is a United States Senator of the 112th Congress representing the state of Wisconsin, and a member of the Republican Party. Prior to his election to the Senate, he was chief executive officer of PACUR, LLC, a Wisconsin polyester and plastics manufacturer.
On Wednesday, July 22, 2009 the Senate Judiciary Committee held a hearing entitled “Promoting Job Creation and Foreign Investment in the United States: An Assessment of the EB-5 Regional Center Program.”
Panelists before the committee included Robert F. Kruszka Deputy Chief of USCIS Service Center Operations, Michael T. Dougherty Former USCIS Ombudsman and our colleague, EB5 expert Stephen Yale-Loehr.
The tone of the meeting was very positive with the majority of the meeting revolving around program improvement and ways to encourage investor confidence. This is great news for the EB5 program.
Note the first 21min 50sec is blank (title page).
The Senate adopted an amendment to make the EB-5 Regional Center pilot program permanent in Washington, Wednesday July, 8 2009. This strongly supported bipartisan program is slated to expire in September of this year.
In a press release issued by the amendment’s sponsor, Senator Patrick Leahy (D-Vt.) commented on the importance of the EB5 program stating “This program must be made permanent if it is to achieve its potential as an economic engine in our communities… Authorizing the program for only months or a few years at a time sends the wrong message to individuals who want to make a permanent commitment to the United States. ”
This amendment is forecasted to significantly grow confidence among immigrant investors.
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