Implications of Grassley Leahy Bill

Panelists: ANGELO PAPARELLI, RONALD KLASKO, JOHN TISHLER, OSVALDO TORRES, MICHAEL KESTER

Proposed changes to the EB-5 program include: 

• Investment amounts

• Effective dates

• Grandfathering

• Exemplar approval required

• Processing time limits

• Source of funds

• Loans and Gifts

• TEA eligibility

• Job creation methodology

• TEAs get 5,000 visas

• Use of Regional Center fees

• Concurrent filing

• Removal of conditions two years after investment

• Premium processing

• Disclosures of intermediaries

• Disclosure of agents

• Jurisdiction is United States