Lawmakers are again considering changes to the EB-5 Program. In fact, before the end of this month, we may see provisions from the “Immigrant Investor Visa and Regional Center Program Comprehensive Reform Act” or “EB-5 Reform Act,” which is still circulating in draft form, packaged into an omnibus appropriations bill. This is consistent with what we thought may happen last October, when we predicted that changes to the EB-5 Program could come through an omnibus bill.
The EB-5 Reform Act is troubling. The proposed legislation contains draft language that would change minimum investment amounts. Specifically, the proposed minimum investment thresholds would be $925,000 for projects in areas of high unemployment or targeted employment areas (TEA), and $1,025,000 for projects in areas of regular or high employment.