Last week the Department of Homeland Security (DHS) updated the regulatory agenda for EB-5. According to the Office of Information and Regulatory Affairs reginfo.gov, we can expect to see proposed regulatory changes to EB-5 at the first of the year. DHS added EB-5 the unified agenda earlier this year.
While specifics are not yet available, the update states that regulatory amendments will be proposed to modernize the EB-5 program. Regulation updates will include the following areas:
- Priority date retention
- Increased to required investment amounts
- Revision of the Targeted Employment Area requirement
- Clarification of the Regional Center designation and continued program participation requirements
- Further definition of grounds for termination Regional Centers
The full update is available here.