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Immigrant Investor Proposal Could Ease Congressional Tensions

Jan. 12, 2017, 2:55 PM

The immigrant investor program could see some updates that potentially resolve at least some of the recent congressional squabbling over its extension.

The Department of Homeland Security Jan. 12 unveiled proposed regulations (RIN:1615-AC07) that for the first time in the EB-5 program’s history would increase the minimum investment amounts. The proposal, scheduled for publication in the Jan. 13 Federal Register, also would turn over designation of “targeted employment areas"—where a lower investment is permitted—to the DHS from the states and would allow any city or town with high unemployment and a population of at least 20,000 to qualify as a...

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