New EB-5 Law

The EB-5 Reform and Integrity Act of 2022 (“RIA”) repealed the regional center program that had existed from 1993 to 2021, and authorized a new regional center program effective as of May 14, 2022.

RIA also makes changes that affect the direct EB-5 program, including increased minimum investment, changed Targeted Employment Area process and definitions, new structure limitations, and new visa availability restrictions.