NES Financial’s Reid Thomas and Miller Mayer’s Stephen Yale-Loehr hosted a webinar discussing proposed legislative provisions, the intent behind the provisions, and enhanced EB-5 industry best practices. If you missed the informational event, a recording of the webinar is available below.
While it is important to keep in mind that nothing is set in stone, Thomas provided a legislative timeline extending from S. 1501 of June 2015 to the Goodlatte Bill of September 2016. Pointing out that integrity measures for securities compliance, elimination of bad actors, prevention of mismanagement of investor capital, and greater investor transparency are legislative goals that have been largely uncontested, Thomas supplemented a broad legislative overview with a granular breakdown of the new Account Transparency Requirement provision, or Section 3(b)(P) of H.R. 5992.
Yale-Loehr, the founder and first executive director of IIUSA, likewise provided the importance of industry-regulated best practices and examples of enhanced Regional Center best practices. Together, the legislative integrity measures and industry best practices painted a cohesive picture of procedural and substantive changes that are in store for the EB-5 program.
Did you miss the webinar? Look no further