EB-5 REGULATION NEARS PUBLICATION
On June 27th, 2019, the regulation for EB-5 Immigrant Investor Program Modernization (RIN: 1615-AC07) completed OMB (Office of Management and Budget – OMB) review (Step 8 in the rulemaking process). This advances the rule toward the final rule-making step: publication in the Federal Register.
>> See more about regulation for EB-5 Immigrant Investor Program Modernization: https://www.interimm.vn/uscis-da-chuyen-du-luat-eb5-den-omb-xem-xet/
USCIS will make an announcement when the Final Rule is published in the Federal Register. The announcement could come any time now. The announcement will link to final rule text in the Federal Register. (Filter for “Final” rules on the Announcements page to see examples of past rules.) Until publication, the content of the final rule is unknown. The provisions will bear on EB-5 investment amounts and targeted employment area matters, but we do not know the specifics. The final rule will stipulate an effective date. The effective date will likely be 30 days after publication, since the rule has not been classed as “major” or “significant.” It might be later.
During the period between Federal Register publication and effective date, the rule is sent to Congress and the Government Accountability Office for review. Congress has almost never disapproved a rule at this point, however.
The future direction of the EB-5 program will depend on the changes included in the final rule – but we’ll have to wait and see what those may be. That maybe have the potential advantages for EB-5 investors or raise requirements of program. Interimm will update hot news to Vietnamese investors soon.
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