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EB-5 Daily, Mar. 11, 2022
"The EB-5 Regional Center Program expired in June 2021. Since then, the EB-5 Regional Center Program has been in purgatory, with applicants unsure of their status and rights. As of earlier this week, the United States House of Representatives and the U.S. Senate have passed an appropriations bill which includes 39-pages of text reauthorizing the EB-5 Regional Center Program, known as the “EB-5 Reform and Integrity Act of 2022.” The text of the legislation can be found here:
Click to access BILLS-117HR2471SA-RCP-117-35.pdf (in the 2741 page text, the section on EB-5 reform begins on page 2609).
When signed into law by President Biden, the EB-5 Reform and Integrity Act of 2022 will make the following changes:
The new bill makes clear those who previously participated in the EB-5 Regional Center Program will be protected and their applications will be processed."
[A more detailed analysis is here.]