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EB-5 RC Program Reauthorized Until 2027

On March 15, 2022, President Biden signed the omnibus appropriations bill H.R. 2471 – Consolidated Appropriations Act, 2022 which includes the EB-5 reform bill, titled the “EB-5 Reform and Integrity Act of 2022,” into law.


While we hoped and many people tried to fight like us for a $500K window, the EB-5 Reform and Integrity Act of 2022 does not provide for such an opportunity. It also does not provide for relief to the visa backlog faced by investors from Mainland China, which we will continue to advocate for.


We are disappointed that the increase in minimum investment amounts provisions would take effect on the date of enactment of the Act, while the Regional Center Program reauthorization through September 30, 2027, will take effect 60 days after enactment of the Act. As such, new I-526 petitions cannot be filed until 60 days after March 15, 2022 (i.e., May 14, 2022).


However, we applaud everyone for their efforts to achieve a 5-year reauthorization of the EB-5 Regional Center Program, which will provide stability to the industry for the next 5 years and includes integrity measures and changes to the RC Program that will have significant positive impact for investors and the industry.