EB-5 Modernization Regulations is under OMB Review as of 2/22/2019

The significant aspects of the EB-5 proposed regulation changes are:

1) Increase of minimum investment capital for NON-TEA projects to $1.8million, and for TEA located projects - $1.35million;

2) Removes the TEA designation authority from state agencies. DHS has been proposed to be the TEA designating authority;

3) TEA is based on high unemployment and incentivized with 25% reduction to the investment amount

After OMB review, the Final Rule will be published in the Federal Register. This can take a few months.