Comprehensive EB-5 Modernization Legislation Introduced in the U.S. Senate

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.


https://www.natlawreview.com/article/comprehensive-eb-5-modernization-legislation-introduced-us-senate

Mentions

States

  • New York


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