Account Transparency Requirement of H.R. 5992 - Section (P)
Panelists: REID THOMAS, DAN SMITH, ROBERT CORNISH
Moderated by: RUPY CHEEMA, KURT REUSS
We will discuss the account transparency requirement introduced in the Goodlatte Bill (H.R. 5992). This function is clearly needed in EB-5 as explained below.
"There is a need for more oversight and transparency…. If there is no independence in the administering and distribution of EB-5 funds, it exposes the program to instances of fraud.” - Ronald Fieldstone
"Clearly, a healthy, sustainable EB-5 ecosystem cannot endure without meaningful investor protections and reliable safeguards." - Angelo Paperelli
