“To establish in U.S. Citizenship and Immigration Services of the Department of Homeland Security an EB-5 Regional Center Program Advisory Committee.”
No CRS summary available for this bill.
This section establishes an EB–5 Regional Center Program Advisory Committee within U.S. Citizenship and Immigration Services (USCIS) to advise the USCIS director on the EB–5 Regional Center Program (i.e., the immigrant investor program that allows designated regional centers to pool investments from foreign nationals to fund qualifying U.S. projects expected to create or preserve at least 10 full-time jobs). The committee, which terminates upon adjudication of all EB–5 benefits filed under specified Immigration and Nationality Act provisions or related laws, must (1) develop recommendations for program improvements, (2) submit periodic and annual reports to the USCIS director and Secretary of Homeland Security (with public versions of annual reports published within six months), and (3) brief congressional Judiciary and Appropriations Committees quarterly on its activities. Committee membership, appointed by the Secretary within 180 days of enactment, is capped at 35 representatives from federal, state, local, and tribal governments and EB–5 regional centers in good standing under the EB–5 Reform and Integrity Act of 2022, including at least two regional center members each from high-unemployment, rural, infrastructure, and four census region categories; plus at least one each from specified mayors, county and state economic development officers, ex officio Department of State and Commerce representatives, a trade association for at least 50 regional centers, and other fields identified by the director. Members serve two-year terms and may continue serving until a successor is appointed.