- May 21, 2017
- Posted by: Fakhoury Global Immigration
- Category: EB-5 Blog
On March, 27, 2017, U.S. Senator Rand Paul (R-KY) introduced a bill S. 727 to increase the worldwide level of employment-based immigrants and to reauthorize the EB-5 regional center program. Senator Rand Paul has been a long-time supporter of the EB-5 regional center program. In fact, the Senator was a keynote speaker at the 2016 EB-5 Investors conference. The highlights of the bill are as follows:
- Increase the worldwide levels of employment-based visas to 150,000;
- Permanently reauthorize the EB-5 Regional Center Program;
- Exempt dependents of visa applicants from being counted towards the visa cap and remove the per country visa cap for the EB-5 visa category;
- Enact several investor protection and program integrity measures.
The Bill clearly avoids any mention of an increase in the investment amount from the current $500,000 and $1,000,000, however, that doesn’t mean that is not on the table. In fact, the U.S. Department of Homeland Security (DHS) published two separate proposed rules in the U.S. Federal Register, one addresses EB-5 Immigrant Investor Visa Program monitoring and oversight, the other addresses Targeted Employment Area (TEAs) and investment amounts.
The introduction of this bill indicates a deep-rooted interest in continuing the EB-5 U.S. investor visa program albeit with significant changes. Thus, Indian investors who have been on the sidelines about moving forward with an EB-5 application for themselves or their current or future F-1 student visa holder son or daughter should take the call at the earliest.
This article was first published on EB5Brics.com, Here
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.
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