This month, members of Congress made a draft proposal to reform the EB-5 Program. The proposals, called the Immigrant Investor Visa and Regional Center Program Comprehensive Reform Act (EB-5 Reform Act), if passed, would be included with the government spending bill on March 23.Important aspects of the draft of the EB-5 Reform Act include:

Re-authorization of the EB-5 Regional Center Program until 2023.
Improvement and streamlining of the EB-5 process.
Potential protections for investors whose projects did not pan out.
A huge reduction in the number of visas that will be available from 10,000 to 7,000.
USCIS will not accept more petitions than that year's quota. If, for instance, the quota is only 2,300, then that's the maximum number of petitions they will accept that year.
Minimum investment amount increase from $500,000 to either $925,000 or $1,025,000.
Less strict targeted employment area proposals.
Filing fee increases.
An increase in the number of jobs that are required to be created from 10 to 12.
The ability to count construction jobs as direct permanent jobs regardless of the duration of the jobs.
Immediately after the bill is passed, no new EB-5 applications (I-526 Petitions) would be accepted for 120 days.

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