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EB-5 Investor Visa Regional Center Program is Back

By Ella Bergquist March 16, 2022 3 min. read
New EB-5 Update

The Senate approved a reauthorization of the EB-5 Regional Center Program – the EB-5 Reform and Integrity Act of 2022 (“Integrity Act”) – on March 10, 2022, as part of the FY 2022 Consolidated Appropriations Bill. The same bill had been passed by the House the night before. Last June 30, 2021, the EB-5 Regional Center Pilot Program expired. President Biden was delivered the bill, which he is anticipated to sign on or before March 15, 2022.

Before the Bill was signed, the American Immigrant Investor Alliance (AIIA) broke the news by tweeting, “It is our great pleasure to announce that the EB-5 Regional Center program will be reauthorized with the Omnibus on March 15, 2022. The text of the Consolidated Appropriations Act, 2022 was just released and Division BB, includes the EB-5 Reform and Integrity Act of 2022. The omnibus also includes our FIFPA language (Section 108 of Division BB) which will ensure that investors will not have to suffer through this ordeal ever again.” 

What Are the New EB-5 Visa Changes?

The Integrity Act includes the following important reforms to the EB-5 program:

Not only will the new law resurrect the Regional Center program, but it will also add new integrity controls that will be applied to all aspects of the new EB-5 program. This is great news, particularly for those investors whose monies had been committed to an investment but who had been unable to get green cards due to the Regional Center program’s closure.

Do You Want to Apply for the EB-5 Investor Visa?

If so, Contact VisaPlace today. All our cases are handled by competent and experienced immigration professionals who are affiliated with VisaPlace. These professionals consist of lawyers, licensed paralegals, and consultants who work for VisaPlace Legal an award-winning immigration firm that adheres to the highest standards of client service.

Ready for the next step? Book your 1 on 1 consultation now or call us at 1-877-296-0874.

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