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What is EB-5 Reauthorization?

What is EB-5 Reauthorization?

According to the EB-5 Reform and Integrity Act of 2021, the EB-5 application Form I-526 and I-485 (Adjustment of Status) for a Green Card may be filed concurrently if the applicant is legally present in the USA. EB-5 Reform and Integrity Act of 2021 saves a few months to years on getting the EB-5 Green Card, if the applicant is present in the USA.

EB-5 Reauthorization was passed on March 2022 for EB-5 Program to be valid till March 2027. On August 25th, 2022, the EB-5 program was officially back in operation after several EB-5 industry stakeholders reached a settlement agreement with the United States Citizenship and Immigration Services (USCIS) that safeguards EB-5 investors and re-authorizes previously approved regional centers. All previously approved regional centers do not need to file for re-designation.