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.
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