Senators Flake, Cornyn, and Schumer have introduced a bill, S. 2415, to improve transparency and integrity for EB-5 Regional Centers. This is basically part of the Grassley bill considered by Congress this fall. This bill does not address TEAs, job creation, the investment amount, or other key controversial issues. One commentator described the bill as including provisions which will allow the USCIS to: •Conduct criminal background checks and obtain biometric information from individuals involved in the regional center program; •Debar individuals and suspend or terminate regional centers based on program non-compliance and other factors; •Deny or revoke immigrant investor petitions for reasons including fraud, misrepresentation, or national security concerns; •Establish an “EB-5 Integrity Fund” with fees imposed on applicants to pay for federal site visits that will further enable more rigorous program oversight; •Require thorough annual reporting and accounting requirements for regional center operators; •Collect evidence for assurances that an investor’s funds are derived from legitimate and lawful sources; and •Engage in improper and non-preferential ways with industry stakeholders to avoid favoritism in processing applications.