Overhaul of Immigrant Investor Program Challenged in Court (1)

A regional immigrant investor center in Florida has filed a lawsuit to temporarily block a final regulation overhauling the EB-5 program, which creates a path to green cards for immigrants who invest in U.S. commercial entities that create jobs for U.S. workers.

The final regulation from the Department of Homeland Security, which went into effect Nov. 21, raises the minimum investment amounts required for a green card to $900,000 and $1.8 million, from $500,000 and $1 million. Florida EB-5 Investments LLC is seeking a temporary injunction of the rule’s implementation because it argues the hike in required investment will have ...