DHS Announces Proposed Rule to Fully Implement the EB-5 Reform and Integrity Act of 2022
Wolfsdorf Rosenthal – Blog
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The Department of Homeland Security (DHS (Dept. of Homeland Security)) has announced a significant proposed rule that would implement key provisions of the EB-5 Reform and Integrity Act of 2022 (RIA) and modernize the regulations governing the EB-5 Immigrant Investor Program. The proposed regulation, entitled “EB-5 Reform and Integrity Act of 2022; Ensuring the Integrity of the EB-5 Program; Automatic Revocation of Petitions for Immigrant Classification” (RIN 1615-AC94), would amend regulations at 8 C.F.R. Although the full text of the proposal has not yet been published in the Federal Register , the rule is expected to comprehensively update USCIS (U.S. immigration agency) regulations to reflect the statutory reforms enacted by Congress in 2022. Since enactment of the RIA, USCIS has implemented many of these changes through policy guidance and new filing procedures rather than formal regulations. Although the proposal is not yet in effect, it signals DHS’s commitment to fully implementing the Reform and Integrity Act through comprehensive regulations. For investors, the regulations may provide additional clarity regarding eligibility, petition adjudications, and available protections. For Regional Centers and project developers, the proposal is expected to establish more detailed compliance standards and operational requirements while formalizing USCIS oversight and enforcement authority. Once published in the Federal Register , the proposed rule will be subject to a public comment period before any final regulation is issued. Our EB-5 team will conduct a comprehensive review of the proposed regulations upon publication and provide detailed analysis of their impact on investors, Regional Centers, developers, and immigration practitioners. This alert is based on DHS’s announcement of the proposed rulemaking.
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The Department of Homeland Security (DHS) has announced a significant proposed rule that would implement key provisions of the EB-5 Reform and Integrity Act of 2022 (RIA) and modernize the regulations governing the EB-5 Immigrant Investor Program. The proposed regulation, entitled “EB-5 Reform and Integrity Act of 2022; Ensuring the Integrity of the EB-5 Program; Automatic Revocation of Petitions for Immigrant Classification” (RIN 1615-AC94), would amend regulations at 8 C.F.R. Parts 204, 205, 216, and 235 . Although the full text of the proposal has not yet been published in the Federal Register , the rule is expected to comprehensively update USCIS regulations to reflect the statutory reforms enacted by Congress in 2022. What the Proposed Rule Is Expected to Address The EB-5 Reform and Integrity Act fundamentally reshaped the EB-5 Regional Center Program by introducing enhanced compliance requirements, greater oversight of Regional Centers, increased investor protections, and new int
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