Ms. EDDIE BERNICE JOHNSON of Texas. Mr. Speaker, I rise today in strong support of S. 3245, which reauthorizes the EB-5 Regional Center Program. S. 3245 is the type of commonsense legislation we need to put Americans back to work and rebuild our Nation's fragile economy. The EB-5 program, which creates jobs at no cost to taxpayers, has already created more than 25,000 jobs, and is projected to create more than 100,000 jobs per year once the program is fully implemented. With unemployment rates just above eight percent, we cannot afford to pass on this opportunity to innovate and invest in America.
It takes a coordinated effort by both government and the private sector to create jobs and rein in high unemployment rates. I am proud to report that the City of Dallas serves as a shining example that the E-B program works. Thanks to the collaborative efforts of Dallas Mayor Mike Rawlings and the Civitas Capital Group, the City of Dallas Regional Center has attracted more than $120 million in capital from foreign investors, which has funded projects such as affordable assisted-living facilities and building renovation initiatives.
The Democratic Members of Congress have consistently demonstrated their commitment to creating job opportunities here at home. I am encouraged to see that my Republican colleagues have put partisan politics aside and
have joined Democrats in our efforts to put Americans back to work. Reauthorization of the EB-5 program is just one step we can take to bolster our economy, and I hope to see increased bipartisan efforts to keep job-creating investments in the United States.