H.R. 4530: EB-5 Integrity Act of 2016

114th Congress · introduced 2016-02-10 · Immigration · Latest: Referred to the Subcommittee on Immigration and Border Security.

federal

Follow this bill, step by step

Where it came from: introduced 2016-02-10 · official record
Who proposed it: Rep. Polis, Jared [D-CO-2] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Immigration and Border Security. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

EB-5 Integrity Act of 2016

Plain summary

EB-5 Integrity Act of 2016 This bill amends the Immigration and Nationality Act to revise the EB-5 (alien investor) regional center program. A regional center shall operate within a defined geographic area, and shall be consistent with the purpose of concentrating pooled investment within such area. The bill prescribes job creation requirements. Alien investor capital may not be used to purchase municipal or any other publicly-available bonds. Approved regional centers must give advance notice to the Department of Homeland Security (DHS) of significant proposed changes to their organizational structure, ownership, or administration, which must then be approved by DHS. A commercial enterprise associated with a regional center shall file an application with, and obtain approval from, DHS for each investment offering to aliens seeking alien investor classification. Approval of a business plan shall be binding on future adjudication except in cases of fraud, criminal misuse, public or national security, or major errors of law or fact. The bill expands regional center annual statement reporting requirements. The bill also prohibits regional center involvement for persons who have committed certain crimes, human trafficking, controlled substance trafficking, espionage, or terrorist activity. DHS shall suspend or terminate designation of any regional center, or the participation of any new commercial enterprise or job-creating entity, that knowingly involved such a person. Only a U.S. national or lawfully admitted permanent resident may be involved with a regional center. A regional center shall monitor and supervise all offers, purchases, and sales of securities made by associated parties to ensure compliance with U.S. securities laws. The bill establishes the EB-5 Integrity Fund in the Treasury, and prescribes specified fees to be collected from each regional center. Direct and third party promoters must: (1) comply with DHS rules and standards and federal or state securities laws, (2) register with U.S. Citizenship and Immigration Services, and (3) meet other specified requirements. The bill prescribes fund source and gift restrictions. DHS shall deny or revoke the approval of a business plan application with any investment or business arrangement that: (1) presents a threat to public safety or national security; or (2) presents a significant risk of criminal misuse, fraud, or abuse. An alien investor shall demonstrate that the required capital and any administrative funds were obtained from a lawful source and through lawful means. If a regional center or regional center associated commercial enterprise has its designation or participation terminated for reasons relating to fraud or other specified offenses, any associated person, including an alien investor, who was a knowing participant shall be permanently barred from future program participation. DHS employees may not give specified preferential treatment to any organization or individual in connection with any aspect of the EB-5 regional center investor visa program.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

EB-5 Integrity Act of 2016

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Polis, Jared [D-CO-2] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark E. Amodei (R-NV), Adam Smith (D-WA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (4)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr4530.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr4530 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114