On Jan. 17, The Center for Regulatory Effectiveness (The CRE), a Washington D.C. administrative watchdog group, filed a petition with the Department of Homeland Security to reform the EB-5 program to create jobs in rural America and areas of high unemployment. In making the announcement, The CRE posted:
The Center for Regulatory Effectiveness (CRE) seeks a rulemaking to amend 8 CFR §204.6(j)(6), the portion of the Department of Homeland Security/US Citizenship and Immigration Services’ regulations which requires EB-5 applicants to “show that the new commercial enterprise has created or will create employment in a targeted employment area.”