With the passage of a $1.5 trillion spending bill in the House on Wednesday (March 9) and the Senate last night (March 10), the EB-5 Regional Center Program was reauthorized.
The EB-5 Regional Centers have been reauthorized through September 30, 2027. All pending investor visa applications that have been stuck in a holding period since the lapse of regional center authorization will now continue to be adjudicated by USCIS. The bill also included a provision that if Congress fails to reauthorize the program again before expiration in 2027, investors will be “grandfathered” in and USCIS will continue to adjudicate investor visa petitions that were submitted before expiration.
Investment amounts have increased to $800,000 in Targeted Employment Areas (TEA) and $1,050,000 for non-TEA. The amounts will increase every 5 years to reflect inflation.
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Sources:
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR2471SA-RCP-117-35.pdf
https://www.jdsupra.com/legalnews/analysis-of-new-eb-5-reform-bill-4941323/
