Thursday, November 21, 2019 - As anticipated and reported, the final rule which makes regulatory changes to the EB-5 Regional Center Program went into effect (today) after the 120 waiting period of the final rule being published.
The final rule, which makes several changes to the program, includes the following:
- Increases investment amounts from $500,000 and $1,000,000 to $900,000 and $1,800,000 respectively
- Maintains priority date for investors who must refile for circumstances outside of their control
- Changes the TEA qualification and designation process
Note - the new rules apply to new petitions and those with existing petitions will be adjudicated under the current rules.
FirstPathway Partners is committed to keeping you up-to-date on the EB-5 program changes, as Bob Kraft, IIUSA president and its members continue to work towards achieving long-term reauthorization and meaningful reform to the Program through legislation.