1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i EB-5 in Flux: Updates Regarding the Regional Center Program and Immigrant Investor Program Modernization Rule January 13, 2022 In 1990, Congress established the EB-5 Immigrant Investor Program, the fifth employment-based i
2、mmigrant preference category, to encourage job creation and foreign investment in the United States. The program provides a pathway to lawful permanent residence (LPR status, or green card) for foreign nationals who invest a specified amount of capital in a new commercial enterprise (NCE) and create
3、 or preserve 10 jobs for U.S. workers. Those who choose to invest in a targeted employment area (TEA)a rural area or area of high unemploymentqualify for a reduced investment threshold. The Immigration and Nationality Act (INA) requires foreign nationals applying for the program to have already inve
4、sted or be actively in the process of investing the required capital. EB-5 investors are initially granted conditional permanent residence. After two years, to remain in the United States, investors must apply to remove the conditions on their status: if they have sustained the investment and met jo