- reduce government costs, improve services for applicants, reduce burdens on employers, and combat waste, fraud, and abuse in the system;
- ensure that policies, practices, and systems use all of the visa numbers that Congress provides for and intends to be used, consistent with demand; and
- modernize the information technology infrastructure underlying the visa processing system with the goal to reduce redundant systems, improve the experience of applicants, and enable better oversight.
- Update standards for the EB-5 Program. By enhancing program integrity and updating eligibility requirements, this program can better serve our nation. DHS intends to pursue rulemaking to achieve those goals, including by requiring conflict-of-interest disclosures by Regional Center principals, enhancing background checks and public disclosure requirements, and increasing the minimum qualifying level of investment. DHS will also take steps to improve the adjudication and approval of Regional Center applications
- Clarify options for potential EB-5 investors to obtain visitor visas. State will amend its guidance in the Foreign Affairs Manual to clarify that potential EB-5 investors can obtain visitor visas to examine or monitor potential qualifying investments if they otherwise qualify for the visitor visa.
The report recognizes the significant strides made in the recent past to improve the Program, including the creation of the Immigrant Investor Program Office (IPO) and move of operations from California to Washington, DC as well as the hiring of qualified economic and business experts to undertake the adjudication process. Additionally, the increase of interagency collaboration between USCIS and other relevant agencies contributed to the recent Program improvements.