Invest In the USA (IIUSA) Submits Comprehensive Comments on DHS EB-5 Notice of Proposed Rulemaking

Industry’s trade association delivers coordinated, data-driven response to significant EB-5 rulemaking announcement

Washington, DC, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Invest In the USA (IIUSA), the voice of the EB-5 Regional Center Program, submitted more than 150 pages of formal comments to the Department of Homeland Security in response to the July 2, 2026 Notice of Proposed Rulemaking (NPRM) governing the EB-5 Immigrant Investor Program. IIUSA’s comprehensive submission is the result of a coordinated industry response, reflecting nearly two months of rigorous analysis, member engagement, and collaboration across the EB-5 ecosystem. IIUSA’s full comments can be viewed here.

Invest In the USA (IIUSA) is the national membership-based 501(c)(6) not-for-profit trade association for the EB-5 Regional Center Program.

"This rulemaking will shape how the EB-5 program operates for years to come, and IIUSA approached it with the seriousness that demands,” said Aaron Grau, Executive Director, IIUSA. “We also want to take this opportunity to recognize Chairman Chuck Grassley for his decades of leadership on EB-5, from helping create the program to his critical role in passing the EB-5 Reform and Integrity Act. The program exists and was reauthorized because of his commitment, and this rulemaking is a direct result of his commitment to a strong EB-5 program that creates American jobs. IIUSA’s comments reflect the collective expertise and on-the-ground experience of our membership, including regional centers, immigration attorneys, economic development professionals, and other stakeholders who are committed to a strong, well-regulated, and effective EB-5 program. We are grateful to every member who contributed their time, data, and expertise to this effort."

Upon publication of the NPRM on July 2, IIUSA immediately mobilized its membership and leadership to conduct a thorough review of the proposed rule’s 358 pages. Recognizing the breadth and complexity of the rulemaking, IIUSA organized its response effort into 11 working groups under the umbrella of its Public Policy Committee, each focused on a distinct area of the proposed rule. Working groups were composed of more than 45 IIUSA Board members, legal experts, regional center operators, economists, and other industry professionals with direct experience in their respective areas.

IIUSA’s submission addresses the full scope of the proposed rule and covers such topics as:

·         Definitions and Scope of "Person Involved" and "Affiliated Job-Creating Entity"

·         Bona Fides, Biometrics, and Attestation Requirements

·         Sanctions, Enforcement, and Proportionality

·         Promoter Regulation and Securities Law Compliance

·         Fraud, Misrepresentation, Deceit, and Criminal Misuse

·         Targeted Employment Areas, Job Creation, and Economic Methodology

·         National Interest Determinations and Pre-RIA Obligations

·         Capital, Investment, and Infrastructure

·         Removal of Conditions and I-829 Process

 

The working group structure allowed IIUSA to analyze every significant provision of the proposed rule in depth, identify areas of concern, develop substantive recommendations, and draft comments that are specific, well-reasoned, and grounded in real-world experience and program data. In addition to the working group's efforts, IIUSA solicited member data to ensure that its comments are supported by quantitative evidence drawn directly from the industry’s experience operating under the existing regulatory framework.

For more information on IIUSA, visit iiusa.org.


About the EB-5 Program
The EB-5 Immigrant Investor Program was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. IIUSA’s most recent economic impact data shows that between 2016 and 2019 alone, the program attracted $75 billion in private investment, created 1.7 million jobs, paid $122 billion in wages to American workers, contributed $184 billion to U.S. GDP, and generated $14.5 billion in tax revenue. IIUSA has been the leading advocate for a strong, transparent, and effective EB-5 program since its founding.

About IIUSA
Invest In the USA (IIUSA) is the national membership-based 501(c)(6) not-for-profit trade association for the EB-5 Regional Center Program. IIUSA advocates for policies that maximize the economic and job creation benefits of the EB-5 Program, providing education, resources, and networking opportunities to its members and stakeholders. To learn more, visit iiusa.org.

Press Inquiries

Matt Harakal
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https://iiusa.org/
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