On March 15, 2022, President Joe Biden signed legislation (link) which included provisions authorizing the EB-5 Immigrant Investor Regional Center program until September 30, 2027. The EB-5 Regional Center program had expired on June 30, 2021, after Congress failed to pass a law reauthorizing it. Under the reauthorized Regional Centers Program, investors will be required to invest $800,000 in a targeted employment zone or infrastructure project. The new law provides that 20% of the annual allocation of EB-5 visa numbers will be allocated to those seeking to invest in targeted rural areas, 10% to those seeking to invest in targeted high rate areas. employment and 2% to investors in infrastructure projects. . The law provides that EB-5 derivatives may request an adjustment when the principal investor applies its EB-5 request. It also includes new provisions for USCIS inspections of targeted employment area sites and rules governing what is considered an investment fund under the law. For example, new rules clarifying the treatment of donations and loans.
We will update the site with information about changes to the EB-5 Regional Center program when USCIS updates its guidance (link).
We have excerpted the relevant portion of the new EB-5 Regional Center Program law for your convenience (PDF version).
