Norman Oder · @AYReport

9th Dec 2015 from TwitLonger

Key change in latest version of #EB5 legislation bows to industry demand

Currently immigrant investors can get job-creation credit based on the *entire* pot of money in the investment project, even if they put in only 10% or 20%, and even if the money comes from taxpayers.
The draft legislation issued this summer would have limited job credit to no more than 30% of all jobs created by non-EB-5 financing. See summary:
Legislation: http://www.leahy.senate.gov/imo/media/doc/The%20American%20Job%20Creation%20and%20Investment%20Promotion%20Reform%20Act.pdf
The regional center trade group objected: http://www.prweb.com/releases/2015/11/prweb13077037.htm
So did others in the industry:
They got their wish, as that provision is gone now:

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