The authorization for the EB-5 Immigrant Investor Regional Center Program ended at midnight on June 30, 2021. This has left hundreds of EB-5 petitions that were submitted under the Regional Center Program pending, as USCIS decided not to act on these petitions until new legislation for Regional Centers was enacted. There was buzz towards the end of the 2021 about Regional Centers being reauthorized, but nothing came about.
Once again Challa Law has heard that there is a draft EB-5 Regional Center reauthorization bill floating around as part of the omnibus package for February 18, 2022. The buzz is that the minimum investment for targeted employment areas (TEA) will be upped from $500,000 to $700,000; Non-TEA minimum investment will be $850,000. If the new legislation is enacted, the program would be reauthorized through the year 2027; however, the changes will likely go into effect immediately.