Mona Shah & Associates was a part of the EB-5 Investors conference in Los Angeles this Monday that was heavily attended and included several key players that will be play a large part in determining the future of the EB-5 industry. With the Regional Center program up for renewal on September 30th, there is the potential for significant changes to the EB-5 program in the coming months and this was a very important conference to attend in order to learn more about what the future of EB-5 may hold.
Chairman of the House Judiciary Committee, Bob Goodlatte, gave the keynote speech of the event and held an exclusive roundtable, of which Mona Shah was a part, for a small number of leading members of the EB-5 industry. Goodlatte will play a crucial role in determining the future of the EB-5 industry as the Judiciary Committee that he chairs in the United States House of Representatives has jurisdiction over the Regional Center reauthorization bill.
Mona Shah was also a member of a panel that educated conference attendees on the use of EB-5 capital for hotel financing.
The conference featured a number of other panels that comprised of industry experts. Of particular note, there was a panel held in Chinese (and translated to English) that featured several major migration agencies from China. These prominent migration agents provided their unique perspective on the current state of the EB-5 market in China.
Below are some of the key takeaways we had from the panels at the conference and our conversations with EB-5 industry leaders in attendance:
As is clear from the above, the panels at the conference covered a wide variety of topics and were very interesting. The annual conference also had a record number of attendees, reflecting the continued growth of the EB-5 industry. We would advise anyone that is interested in becoming involved in the EB-5 industry to make attending EB-5 Investors conferences a priority.
Omar Hakim is an attorney at Mona Shah & Associates in New York City. The firm is an established source for EB-5, assisting numerous Regional Centers/EB-5 Projects and Investors in navigating this complex, nuanced and constantly changing area of immigration law. Omar offers clients years of experience in corporate finance, the financial regulatory system, securities matters and in general corporate governance matters. Additionally, he is able to draw on his experiences at major federal regulatory agencies and bodies, which includes work at the SEC, the United States House of Representatives Committee on Financial Services, and the CFTC. He earned his J.D. at the University of Virginia; his Master of Laws in Securities and Financial Regulation at the Georgetown University Law Center; and his B.A. in Economics at Georgetown University.
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