The EB-5 Regional Center Program, which was due to sunset (expire) on September 30, 2019, has been extended through November 21, 2019. A Continuing Resolution was passed by Congress on September 28, 2019 and signed by the President extending the funding of the federal government to prevent a government shutdown. The resolution includes language to extend the EB-5 Regional Center Program through November 21, 2019.
The program extension through November 21st coincides with the effective date of the new EB-5 Modernization Regulations, which increases the investment amount, changes who has the authority to make TEA designations, and implements stricter TEA requirements, among other things.
The current minimum price for an EB-5 investment is $500,000, which will increase to $900,000, effective November 21st.
Prospective investors that invest into an EB-5 project and file their petitions prior to November 21st will be grandfathered under the current rules of the program as they exist today.