USCIS TO PROVIDE ADDITIONAL GUIDANCE ON THE IMPLEMENTATION OF THE NEW EB-5 LEGISLATION

USCIS updated its website with the following statement with regards to implementing the recent legislative change of the EB-5 Regional Center Program: 

USCIS Announces New EB-5 Regional Center Program

On March 15, President Biden signed a law that includes authority for an EB-5 Immigrant Investor Regional Center Program and various implementation effective dates for the program. The program will be in effect through Sept. 30, 2027. We are reviewing the new legislation and will provide additional guidance.

IIUSA will continue to monitor the situation and inform the industry of any new development from the agency.