IIUSA Publishes Additional Analyses to Report on TEA Policy Changes included in Draft EB-5 Legislation

Our goal is to ensure anyone involved in or affected by the decision of TEA reform is fully informed about how these changes would impact not just the entire country, but also individual communities.

Earlier this month, an updated targeted employment area (TEA) report was published by Invest in the USA (IIUSA), the non-profit trade association of the EB-5 Regional Center industry, which includes new analyses of draft legislation released to the industry in April from Senators Charles Grassley (R-IA) and Patrick Leahy (D-VT) and in May from Senator John Cornyn (R-TX) that would make changes to the EB-5 Regional Center Program.

In April, IIUSA published the industry’s first-ever comprehensive comparative analysis of the potential impact of various proposals put forth to reform Targeted Employment Area (TEA) policy. The report was created to enable Congressional leaders and industry stakeholders to participate in rational, fact-based policy discussions which ultimately would result in the most reasonable and sustainable TEA solutions for the EB-5 industry.

“The new addendum to our initial first-of-its-kind report adds another level of understanding and evaluation of the potential implications of policy proposals that would reform the way TEAs are used in EB-5,” said Peter D. Joseph, Executive Director of IIUSA. He continued, “Our goal is to ensure anyone involved in or affected by the decision of TEA reform is fully informed about how these changes would impact not just the entire country, but also individual communities and this additional analysis provides that.”

The report, available for download on IIUSA’s website, compares nine different approaches to TEA proposals put forth by various stakeholders of the EB-5 industry….

Read the full article from the source…

Leave a Reply