As of November 21, 2019, the United States EB-5 immigrant visa, employment-based fifth preference category, or EB-5 Immigrant Investor Visa Program, will be revised for the first time since its 1990 enactment. The revisions, promoted as modernization, stem from no congressional or statutory revision of the 1990 law but instead from the Secretary of Homeland Security's authority to revise regulations that “ensure the overall economic security of the United States.”