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Questions & Answers

What changes have been made to the EB-5 program?

I understand the current authorization for EB-5 was expiring on Dec. 11, 2015. Now what is the latest status? Has the regional center program been renewed? Have any changes been made to the EB-5 program?

Answers

  • Avatar

    Salvatore Picataggio

    Immigration Attorney
    Answered on

    Everything is remaining the same until Sept. 30, 2016, or until a new law is passed.

  • Avatar

    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    The latest update is that Congress has extended the EB-5 program without changes until Sept. 30, 2016.

  • Avatar

    Jinhee Wilde

    Immigration Attorney
    Answered on

    The EB-5 program will continue as-is until Sept. 30, 2016. While we expect that USCIS may institute some policy changes administratively that could affect job creation counts and source of funds review, we do not expect them to be able to increase the amount of funds required for investment and other major changes that were being discussed as part of the reform.

  • Avatar

    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    No changes - straight extension until Sept. 30, 2016.

  • Avatar

    BoBi Ahn

    Immigration Attorney
    Answered on

    None so far, but that is about to change since the very temporary extension to the EB-5 Pilot Program expires Dec. 16, 2015. The rumors are that the EB-5 program will be extended for another year, with restrictions on TEA designation, increase of minimum investment requirement, changes to job creation definition, and increase in transparency and protection against fraud. But it is still all guesswork until legislation is passed.

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    Ian E Scott

    Immigration Attorney
    Answered on

    The program has been extended to Dec. 16, so you should expect to hear something on final changes shortly.

  • Avatar

    John J Downey

    Immigration Attorney
    Answered on

    There have been some changes proposed, but no Bill has been decided upon by Congress as of yet.

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