- June 21, 2017
- Posted by: Tim Braswell
- Category: EB-5 Blog
On April 15, 2017, Senate Judiciary Chair, Chuck Grassley, and Senator Patrick Leahy – U.S. lawmakers that have been very vocal and influential in shaping EB-5 immigrant investor visa program reform measures – released a new draft of EB-5 reform and reauthorization legislation titled: “To reauthorize the EB-5 Regional Center Program in order to promote and reform foreign capital investment and job creation in American communities.”
A key and much talked about issue is an increase in the minimum investment amount from the current $500,000. The draft bill asks the EB-5 investment amount to be raised to $1,000,000 and $800,000 in the case of an investment in an infrastructure project, a manufacturing project, or a project that is physically located in a targeted employment area. The changes are to be effective on the date of the enactment of the Act.
I strongly believe that this draft legislation may just be the long-term legislative reauthorization and reform that will most likely become law very soon, in fact, as soon as April 28, 2017 when the EB-5 Regional Center Program is set to expire. As such, as I’ve stressed to prospective Indian EB-5 investors time and again, if EB-5 is part of their long-term strategy for their families or their adult children studying and/or working in the U.S. on F-1 or H-1B visa then pull the trigger now or be faced with a 60% increase to the minimum investment amount of $500,000.
The information within this post represents my opinions only. This information does not reflect the opinions and/or policies of NMS Capital Advisors, its affiliates or any other firm I am contractually employed.
This article was first published on EB5Brics.com, Here
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