EB-5 Reform: What To Expect After SEC Jay Peak Enforcement
Law360, New York (June 9, 2016, 11:19 AM EDT) -- Rogelio J. Carrasquillo
Scott E. Bettridge
Recent developments in the EB-5 immigrant investor program may impact immigrant investors, regional centers and key stakeholders involved with both existing transactions and future prospective deals alike.
One of the most successful immigration programs in our nation's history, the EB-5 program was created by Congress to stimulate the national economy by creating jobs for Americans via investment by foreign citizens. According to Invest in the USA (IIUSA), the EB-5 trade association, since 2008 the EB-5 program has contributed over $13 billion to the U.S. economy and has created thousands of jobs for Americans in the process.
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