US Congress passes EB-5 Reauthorization and Reform

Article By Uglobal Staff

Congress has reauthorized the EB-5 Regional Center Program for another five years, ending a nine-month long lapse. The approval comes after the US Senate approved the omnibus bill Thursday following the action of the US House of Representatives approving the EB-5 reauthorization and reform Wednesday. The move brought a sigh of relief to all stakeholders involved in the program who now predict a bright path for immigrant investors in the United States. 

Lawmakers agreed to make the 40-pages long EB-5 Reform and Integrity Act of 2022 a part of the $1.5 trillion Omnibus Package bill that was passed. President Biden is now anticipated to sign the bill into law.

The key change in the EB-5 policy is the increase in the investment amount requirement; foreign investors will now have to put in at least a million dollars to qualify under the program, or $800,000 if the investment is made in a designated high unemployment area. The previous minimum investment requirement was $500,000.

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About the Author

Uglobal Staff
Uglobal Staff
Uglobal.com, along with its peer-reviewed magazines and conferences series, focuses on the global investment immigration market, offering the latest trends and analyses. Uglobal.com is a media platform built to provide professionals involved with global programs with the most comprehensive and credible sources of information in digital, print and seminar mediums. The platform was created out of the need for marketplace transparency and to more efficiently connect individuals interested in learning about the global programs - either as a potential capital source or as a solution for their immigration needs. The Uglobal publication collaborates with a network of leading experts and an authoritative board of advisors to uphold a high standard in all content delivered and events hosted by the organization.

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