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
TITLE: EB-5 Immigrant Investor Program Modernization
STAGE: Final Rule
ECONOMICALLY SIGNIFICANT: No
RECEIVED DATE: 02/22/2019
LEGAL DEADLINE: None
COMPLETED ACTION: Consistent with Change