At long last, Congress has heeded the call of EB-5 investors and industry stakeholders. A reauthorization of the EB-5 Regional Center program has been included in the omnibus spending bill, which now awaits President Biden’s signature.
This reauthorization lasts for 5 years through 2027 and includes reforms to the EB-5 program. Notably, the minimum investment amounts have changed to $800,000 or $1,050,000, depending on the type or location of the project. The EB-5 reauthorization bill includes grandfathering provisions for existing investors whose petitions will be adjudicated under current rules.
Miller Mayer welcomes this exciting development, and we look forward to continuing to serve our current and future immigration clients. If you would like to consult with a Miller Mayer attorney regarding EB-5, or to discuss your immigration options generally, please schedule your consultation today at https://millermayer.com/immigration-consultation/
