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Reauthorization of the EB-5 Program on September 30, 2021

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The EB-5 Regional Center Program allows for foreign investors to invest in a U.S.-approved commercial enterprise for an opportunity for the investor and their immediate family members to obtain U.S. green cards and residency. The program allows for certain U.S. businesses to have access to funds that would have a much lower interest rate than they would receive from a loan obtained from a bank and thus presents a more convincing option for developers. Since the inception of the program, particularly the Regional Center route, the investments have served as a catalyst for the growth of the U.S. economy and the U.S. labor market due to the program requirements of job creation per investor.

Holistically, the program has been a positive factor for the U.S. market and has grown in interest from foreign investors; interest that directly affects the growth of the U.S. economy. Therefore, the current suspension of the program comes with a host of ramifications for the U.S. economy, investors and the U.S. labor market. While the Regional Center route has been suspended,........

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