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DHS/USCIS | RIN: 1615-AC07 | Publication ID: Spring 2016 |
Title: Improvement of the Employment Creation (EB-5) Immigrant Regulations | |
Abstract:
DHS is proposing to update its EB-5 regulations to improve clarity by having two distinct regulatory sections - one for individual investors and one for combined investors in a designated regional center investment. DHS is also proposing to amend its regulations in response to statutory amendments that require that some portions of the regulation be updated. For example, the statute was revised to eliminate the requirement involving "increased export sales," yet this requirement is still listed in the regulations. Unique EB-5 program issues which will be addressed in the updated regulation are: the designation of Targeted Employment Areas; indirect job creation; the required investment amount; material changes effect on conditional residency; the regional center designation process; and monitoring for regional center compliance. |
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Agency: Department of Homeland Security(DHS) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 8 CFR 204.6 | |
Legal Authority: 8 U.S.C. 1153(b)(5) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1205-AB69 | |
Agency Contact: Lori S. MacKenzie Division Chief, Operations Policy & Stakeholder Communications, Immigrant Investor Program Department of Homeland Security U.S. Citizenship and Immigration Services 131 M Street NE., Washington, DC 20529-2200 Phone:202 357-9214 Email: lori.s.mackenzie@uscis.dhs.gov |