EB–5 Regional Center Program Advisory Committee Authorization Act

Key Points

• This bill creates a new group of experts to help oversee the EB-5 program, which allows foreign investors to apply for U.S. green cards if they invest money that creates at least 10 American jobs.
• The group will include up to 35 members, including mayors, local economic officials, and business leaders from across the country, representing both big cities and rural areas.
• These experts will look for ways to make the program faster, stop fraud, and ensure it is actually helping local economies grow through new construction and business projects.
• The committee must meet at least four times a year and will release a public report every year so Americans can see how the program is working and what changes are being suggested.
• Members of this board will not be paid for their time, and they are required to represent different parts of the country to make sure every region has a voice in how these investments are handled.

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