OMB Completes Review of Obama-Era EB-5 Regulations

By Greenberg Traurig, LLP on June 28, 2019

Posted in Department of Homeland Security, EB-5, EB-5 Business Plan, EB-5 Immigrant Investor Program, EB-5 Investment, EB-5 Job Creation, EB-5 Legislation, EB-5 Program, Immigration Law, OMB, President Trump's Administration

Today, OMB posted that they have concluded their review of the Obama-era EB-5 regulations. On Jan. 13, 2017, the Department of Homeland Security published a notice of proposed rulemaking to significantly raise minimum investment levels and other programmatic changes to the EB-5 program (see related GT EB-5 Insights post here). It is unclear what specific actions OMB took today in regards to the pending regulations. We will update this blog as information becomes available.

Department of Homeland Security

AGENCY: DHS-USIS

RIN: 1615-AC07

STATUS: Concluded

TITLE: EB-5 Immigrant Investor Program Modernization

STAGE: Final Rule

ECONOMICALLY SIGNIFICANT: No

RECEIVED DATE: 02/22/2019

LEGAL DEADLINE: None

COMPLETED: 06/27/2019

COMPLETED ACTION: Consistent with Change