The renewal of the Regional Center program brings with it all-new compliance challenges. What do these changes mean for the future of EB-5?
The EB-5 Reform and Integrity Act has reauthorized the Regional Center program through September 30, 2027. This is great news for both issuers and immigrant investors who’ve been waiting for the program’s renewal. In addition to reauthorization, the bill also introduces a slate of new integrity measures and notable changes to the EB-5 program. These include, but are not limited to; Increased investment amounts for all new filings, pooled direct investments must be sponsored by a Regional Center, Regional Center projects must retain a third-party fund administrator, 60-day freeze on I-526 filings before the program is fully reauthorized on May 11th, 2022, and much more!
In this virtual forum recorded on March 31th, 2022, JTC Americas hosted a panel of experts discussing explaining the new regulations, what issuers need to do to prepare, and why compliance is more crucial than ever. They’ll also discuss the parts of the legislation that require immediate attention, and how JTC’s EB-5 escrow solution can help you take advantage of the 60-day freeze on I-526 filings to make sure your offerings are first to market.