Source document

EB-5 Immigrant Investor Program Modernization (Final rule), 84 FR 35750

Department of Homeland Security (Federal Register) · Law · 24 Jul 2019 · United States

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What the document holds

EB-5 Immigrant Investor Program Modernization final rule (84 FR 35750, 24 Jul 2019, 61 pages): summary of changes (minimum investment USD 1.8 million / 900,000 from 21 Nov 2019, five-yearly CPI-U adjustment, DHS designation of high-unemployment TEAs, priority-date retention, I-829 procedures); programme history and legal basis; responses to ~860 public comments; regulatory impact analysis (FY2014-2016 I-526 filings by route, unique NCEs, 2016 NCE sample TEA shares, Table 3 forecasts FY2017-2026, Table 4 projected investment amounts, Table 5 TEA metrics, costs of separate I-829 filings and familiarization); final regulatory flexibility analysis (regional center cohort, investors per centre, administrative fees, estimated revenue); Paperwork Reduction Act burden for Form I-526; regulatory text (8 CFR 204.6, 216.6). Also relays GAO (GAO-05-256, GAO-16-749R/17-487T), CIS Ombudsman 2009, DOS Visa Bulletin and Commerce 2017 study figures. Not recorded (out of scope or not data): other countries' investor-visa prices (UK, Australia, Canada, Quebec, New Zealand, MPI quote), commenters' unsupported claims (15% of projects failing, 80% of projects losing TEA status, USD 2.5 billion FDI loss, 88%/97% petition drops, 2,000 late cases, exchange-rate and wealth-report figures, GAO '3 percent rural projects'), comment counts, general CPI/inflation rates, wage rates, census-tract geography statistics, SBA size standards and small-entity counts (89%, 769), UMRA thresholds, US population/land area, DHS illustrative scenarios (USD 8.65 billion, 4,927 investors, +62/44/26%), the logistic-function parameters; EDD sample size of 574 regional centers (sample, not a stock). Kept in notes rather than rows (different base or derived): NCE-based TEA share 83%, NCE route shares 51/49%, 80% of NCEs blending capital, 90/10% MSA/county TEA geographies, NCE forecast base 1,404, per-applicant cost USD 3,792.64, USD 401.12 per entity, 1,570 entities, 28,912 burden hours. Figures 1 and 2 are images with no printed values (OCR checked). CPI figures behind USD 1.8 million are in the 2019-07-24 event.

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About the document

What it covers Raises minimum investment to USD 1.8 million / 900,000 (TEA) effective 21 Nov 2019; history of the program; regulatory impact analysis with FY2014-2016 average I-526 filings and regional center terminations 2008-2017.

Notes Federal Register document 2019-15000. Vacated on 22 June 2021 by the N.D. Cal. in Behring Regional Center LLC v. Wolf (see usa-court-behring-ndcal-2021). FR page = 35749 + PDF page.

Source id usa-fr-eb5-modernization-2019 · accessed 2 Oct 2026