EB–5 Reform and Integrity Act of 2021

Summary

EB-5 Reform and Integrity Act of 2021 This bill reauthorizes the EB-5 Regional Center program through FY2026 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 DHS. 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 U.S. Citizenship and Immigration Services, 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. 

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 April 2021

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 28 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 October 2021

   Referred

   Referred to the Subcommittee on Immigration and Citizenship.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 April 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 April 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 28 April 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Stanton, Greg [D-AZ-4] · D · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• Rep. Reschenthaler, Guy [R-PA-14] · R · Cosponsor
• Rep. Porter, Katie [D-CA-47] · D · Cosponsor
• Rep. O'Halleran, Tom [D-AZ-1] · D · Cosponsor
• Rep. Miller-Meeks, Mariannette [R-IA-1] · R · Cosponsor
• Rep. Katko, John [R-NY-24] · R · Cosponsor
• Rep. Gooden, Lance [R-TX-5] · R · Cosponsor
• Rep. Evans, Dwight [D-PA-3] · D · Cosponsor
• Rep. Doyle, Michael F. [D-PA-14] · D · Cosponsor
• Chris Jacobs · R · Cosponsor
• Rep. Keller, Fred [R-PA-12] · R · Cosponsor
• Rep. Higgins, Brian [D-NY-26] · D · Cosponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Cosponsor
• Rep. Steel, Michelle [R-CA-48] · R · Cosponsor
• Rep. Steil, Bryan [R-WI-1] · R · Cosponsor
• Rep. Moore, Gwen [D-WI-4] · D · Cosponsor
• Rep. Axne, Cynthia [D-IA-3] · D · Cosponsor
• Rep. Hill, J. French [R-AR-2] · R · Cosponsor
• Rep. Ferguson, A. Drew, IV [R-GA-3] · R · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Rep. Case, Ed [D-HI-1] · D · Cosponsor
• Rep. Joyce, David P. [R-OH-14] · R · Cosponsor
• Rep. LaHood, Darin [R-IL-16] · R · Cosponsor
• Rep. Bustos, Cheri [D-IL-17] · D · Cosponsor
• Rep. Delgado, Antonio [D-NY-19] · D · Cosponsor
• Rep. Johnson, Bill [R-OH-6] · R · Cosponsor
• Rep. Peters, Scott H. [D-CA-50] · D · Cosponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Cosponsor
• Rep. Kim, Young [R-CA-40] · R · Cosponsor
• · hsju00 · Standing

Related records

• related to → Consolidated Appropriations Act, 2022
• related to → EB–5 Reform and Integrity Act of 2021