On March 10, 2022 Congress passed an omnibus spending package that included provisions for both the reauthorization of the EB-5 Regional Center Program, as well as modifications to both the Direct and Regional Center programs. The Direct EB-5 visa will now see adjustments to the number of visas of certain Direct projects, and now include visas authorized for participating in new “Infrastructure Projects.” Learn more in this blog.
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Tomorrow, the Department of Homeland Security (DHS) will publish the EB-5 Modernization Rule in the Federal Register.
The finalized regulation will raise minimum investment amounts to $900,000 (TEA) and $1.8 million (non-TEA). Furthermore, the TEA designation rules are significantly curtailed.
We will update our readers once we have had opportunity to fully review the regulation. Contact us today if you are interested in filing an EB-5 petition prior to the effective date.