3.0.0 2540 2022-11-01T13:49:52Z 2022-11-01T14:33:55Z Senate S 2019-09-24 116 ssju00 Judiciary Committee Senate Standing Referred to 2019-09-24T21:06:07Z 2019-09-24 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2019-09-24 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2019-09-24 True Immigration Accounting and auditing Administrative law and regulatory procedures Administrative remedies Business investment and capital Business records Congressional oversight Department of Homeland Security Drug trafficking and controlled substances Economic development Employee hiring Espionage and treason Evidence and witnesses Executive agency funding and structure Family relationships Financial services and investments Foreign labor Fraud offenses and financial crimes Government ethics and transparency, public corruption Government information and archives Government studies and investigations Government trust funds Human rights Human trafficking Immigration status and procedures Intellectual property Securities Smuggling and trafficking Terrorism U.S. and foreign investments User charges and fees Visas and passports Immigration 00 2019-09-24 Introduced in Senate 2021-05-10T16:25:10Z EB-5 Reform and Integrity Act of 2019

This bill reauthorizes the EB-5 Regional Center program through FY2024 and makes various changes to the program, such as imposing various oversight requirements. (EB-5 visas provide permanent resident status to qualified alien investors. A regional center allows EB-5 aliens to pool investments to meet various investment and job creation requirements.)

Oversight-related provisions include requiring each center to (1) notify the Department of Homeland Security (DHS) of proposed changes to the center's structure, (2) maintain certain records and make such records available to DHS for audits, (3) obtain approval for each particular investment offering, and (4) annually report to U.S. Citizenship and Immigration Services (USCIS).

The bill prohibits certain individuals and entities from involvement in a center, such as (1) a person who had committed a violation involving fraud in the previous 10 years, (2) a non-U.S. national not admitted for permanent residence, or (3) a foreign government official.

DHS shall deny petitions, such as a petition to certify a regional center or to classify an alien as an alien investor, if approval would threaten U.S. national interest.

The bill provides various enforcement authority to DHS and USCIS, including the ability to permanently bar an individual from participating in the regional center program.

The bill establishes the EB-5 Integrity Fund to fund program enforcement activities.

The bill contains various provisions related to EB-5 petitions, such as a provision authorizing DHS to extend an alien's conditional permanent residence status. 

]]> EB–5 Reform and Integrity Act of 2019 Display Title EB–5 Reform and Integrity Act of 2019 Short Title(s) as Introduced EB–5 Reform and Integrity Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to reauthorize the EB-5 Regional Center Program in order to prevent fraud and promote and reform foreign capital investment and job creation in American communities. Introduced in Senate IS Introduced in Senate 2019-09-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2540is/xml/BILLS-116s2540is.xml 2019-09-24 Read twice and referred to the Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.