EB-5 Regulations Update
Friday, February 22, 2019 - The final USCIS EB-5 Immigrant Investor Program Modernization regulations were received for review by the Office of Information and Regulatory Affairs (OIRA), a part of the Office of Management and Budget (OMB). This long-anticipated move comes after the notice of the proposed rulemaking, was released over two years ago in January 2017.
If approved, these regulations could make large-scale changes to the current EB-5 Program; such as significantly increasing the investment amount from $500,000 to $1.35M - $1.8M, and changing the high unemployment TEA definitions. However, the overall push has been for a legislative solution to expand the EB-5 Program as a long-term goal.
The good news is there's still time to gain eligibility under the current rule, so we encourage you to submit your applications now.
For questions, please contact the office at firstname.lastname@example.org.
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