Comprehensive EB-5 Modernization Legislation Introduced in the U.S. Senate
Senators Graham (R-SC), Rounds (R-SD), and Cornyn (R-TX) introduced the “Immigrant Investor Program Relief Act” (S. 2778, the Act) on November 5, 2019, proposing long-overdue improvements to modernize the EB-5 program in alignment with industry and market principles. The Act reflects a fair compromise between rural and urban stakeholders, providing substantial market advantages to rural and urban distressed areas while providing opportunities for “downtown” projects.
Major programmatic provisions under the Act:
Duration of Reauthorization – The program’s authorization is extended for six years through Sept. 30, 2025.
Mentions
States
- New York
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
