Washington DC: The EB-5 Regional Center Program will be reauthorized through the Fiscal Year 2027 in appropriations legislation passed by Congress. The program had been expired on June 30, 2021.
The law imposes a new minimum investment of $1,050,000 for standard EB-5 investments and $800,000 for investments in Targeted Employment Areas (TEAs) and allocates a portion of the EB-5 immigrant visa quota to investments in rural areas, high unemployment areas, and infrastructure projects.
With the reauthorization, USCIS will be able to accept new Regional Center filings and continue to adjudicate pending cases that were suspended after last year’s program expiration, but it is not yet clear when the agency will do so. An announcement is expected in the coming weeks.
Congress has passed the EB-5 Reform and Integrity Act of 2022, which reauthorizes the EB-5 Regional Center Program through September 30, 2027, increases minimum EB-5 investments, and sets aside part of the annual EB-5 immigrant visa quota for investment in rural areas, high unemployment areas, and infrastructure projects. The new law is part of the FY 2022 federal appropriations legislation, which President Biden is expected to sign shortly.