EB-5 Investment Immigration Update

EB-5 Investment Immigration Update https://www.sggimmigration.com/wp-content/uploads/2016/04/USCONGRESS.jpg 2048 1536 Andrew Grzegorek Andrew Grzegorek https://secure.gravatar.com/avatar/04e1b23b6e5b9057556a3c6cabe3c843?s=96&d=mm&r=g June 15, 2017 June 4, 2019

Congress extended the regional center investment program until the end of the fiscal year, September 30, 2017. Meanwhile substantial reforms of the EB-5 law are under serious consideration, including draft legislation authored by Senator Grassley and Senator Cornyn, and a proposed regulation by USCIS. We expect:

Higher investment minimums
More incentive for investment in needy areas
More reporting and transparency for regional centers and issuers

Already, USCIS is conducting EB-5 project site visits and interviewing investors seeking removal of conditions, and will roll out a program to audit regional centers.