Thursday, May 6, 2021 - EB-5 Investors Magazine interviews Bob Kraft on the new bipartisan companion EB-5 Reform & Integrity Act, which would reauthorize the program through 2026 upon passing.
Representatives Greg Stanton (D-Arizona) and Brian Fitzpatrick (R-Pennsylvania), have introduced H.R. 2901, in support of the reauthorization and reform of the EB-5 Regional Center Program. The House bill is a companion to S.831, introduced in the Senate by Senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vermont).
“The fact S. 831 and H.R. 2901 are identical speaks volumes and is a tribute to the support long-term reauthorization of the EB-5 Regional Center Program has in both chambers. House members accepted the Senate bill exactly as it is,” says Bob Kraft, President of Invest in the USA (IIUSA) and Chairman and CEO of FirstPathway Partners. “This is the closest the industry has come to meaningful standalone legislation, in decades,” says Kraft.
Kraft called it a huge win to have congressional subject matter experts such as Grassley, Leahy, Stanton, and Fitzpatrick advocate to protect the program long-term.
“Very simply put, we are all trying to achieve the same goals, protect people and reauthorize the Regional Center program for a long period of time,” says Kraft. “We haven’t had a long-term reauthorization since 2015. Stability through 2026 will do great things for the program and our nation.”
Access full article here.
How can you help this bill become a law?
Join the Coalition to Save and Create Jobs
(CSCJ) and ask your Regional Center to join Invest in the USA
(IIUSA), the only non-profit trade association for the EB-5 Regional Center Program, in fighting for a bright future for EB-5 and our EB-5 investors!
About EB-5 Investors
EB5 Investors Magazine and EB5Investors.com strives to deliver compelling and comprehensive articles and information for everything EB-5 related. EB5 Investors magazine provides a platform for skilled EB-5 professionals to discuss pressing matters and keep readers up to date on the constantly changing laws and legislation pertaining to EB-5. Each of the publication’s articles is peer-reviewed and provides high-quality objective analysis to an audience of attorneys, EB-5 regional centers, migration agents, wealth managers, and EB-5 service providers. EB5 Investors Magazine serves as a tool to empower voices in the EB-5 community and help the program fulfill its potential.
About Invest in the USA (IIUSA)
Founded in 2005, Invest In the USA (IIUSA) is the national membership-based 501(c)(6) not-for-profit industry trade association for the EB-5 Regional Center Program. Bob Kraft, CEO of FirstPathway Partners is the President of IIUSA. Through dedicated advocacy work, education, industry development, and research, IIUSA advocates for the EB-5 Regional Center Program.
About Coalition to Save and Create Jobs (CSCJ)
CSCJ (Coalition to Save and Create Jobs) was established to promote economic recovery, development, and growth by assuring the good-government and long-term reauthorization of the EB-5 Regional Center Program through the bipartisan EB-5 Reform and Integrity Act, championed by U.S. Senators Chuck Grassley (R-IA) and Patrick Leahy (D-VT). CSCJ consists of trade associations, chambers of commerce, municipalities and mayors’ offices, community banks, economic development organizations, health care facilities, and more.