Comment: Job Killer EB5 Bill

Senators Grassley (R-Iowa) and Leahy (D-Vermont) introduced a bill in the Senate to reauthorize the Regional Center (RC) program which is due to sunset on September 30, 2015. They propose to raise the investment requirement for the RC program from the current $500,00/$1,000,000 to $800,000/$1,200,000.


The Regional Center Program is a job creation program. Under the original program and in the Grassley/Leahy bill, the number of jobs created is the same-ten jobs per investor. The purpose of the program is to create those 10 jobs. Raising the investment needed to create the 10 jobs deters creation of those jobs. By raising the investment level the bill is a job killer.


In spirit of the original intent of the Regional Center program, we have the following suggestions to expand its promise and performance as a job creation program:


  1. Reduce the investment requirement to $250,000 instead of raising it. As long as the 10 jobs are created, the lower the investment the more incentive to create jobs.

  2. Offer a path to green card to anyone who creates 20 jobs regardless of the investment they put in.

  3. Integrate the previous point with an Entrepreneur/start-up temporary visa to encourage even more job creation.



EB5 program has been a successful job creation program. Its job creation potential must be expanded-not curtailed-as the Grassley-Leahy bill attempts to do.



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ComingsNGoings: Immigration Event


August 11, 2015, 2 - 3pm (Eastern). Migration Policy Institute (MPI) will hold a webinar on "DACA at Three: New Data on Potential Applicants and Analysis of the Renewal Process." MPI experts will unveil updated data on characteristics of the potential DACA applicant pool as well as a new brief examining who is signing up for DACA renewal and some of the administrative difficulties surrounding the renewal program. For more information and registration details see here.








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