American eb5 new immigration policy bill will be issued soon, will it affect me?

According to the status of each investor, the problem is also different, respectively:

1. My I-526 has been approved, will it affect my I-829 approval?

As far as this refinement is concerned, there are two situations:

A: If I invest in the direct investment project, it will not affect me, because the EB-5 plan in the 1990 Immigration Act will continue to be effective and will not affect my I-829 approval.

B. If I invest in the regional center project, if the EB-5 regional center plan bill cannot be extended after September 30, then my I-829 can only be regarded as direct employment when it is approved, and indirect employment cannot be calculated according to the regional center plan. Theoretically, I-829 may not be approved. However, what I want to emphasize here is that this is almost impossible. Even if the new EB-5 bill cannot be promulgated, the bill of EB-5 regional center plan will continue to be postponed. There is no political power now. When it comes to abolishing the EB-5 regional center plan, all the demands are still reform, not abolishing the regional center plan.

So, in fact, the answer here is definitely: no.

2. My I-526 has been submitted. Will it be implemented according to the new law, such as increasing money or tea/employment?

The law is not retroactive, which is common in all countries of the world. The basic principle of the legal system is that the new law comes out and the old EB-5 application can't be managed.

So friends who have already submitted the I-526 application can rest assured.

Just like the question 1, there is no need to worry about the approval of I-829 in the future.

3. I submitted my EB-5 application before the new law came into effect, but did I still get the urgent 500 thousand dollars?

Theoretically, yes, according to the new proposal and the promulgation date of the new law, the previous EB-5 application is still implemented in accordance with the old law.

However, no one knows when the new bill will be released. It is very likely that before September 30 this year, the US Congress can debate clearly and pass the new EB-5 bill, but it does not rule out the possibility of delaying the old law for a while and continuing the debate until the new bill is passed.

4. My EB-5 application was before the new law came into effect, but the project was not full. Will the remaining people affect the recruitment and operation of the project in accordance with the new law?

In the new proposal, it is the basic principle to implement the new law when it comes into effect, but there are exceptions, that is, in order to avoid affecting the existing business projects, it is stipulated that if the business plan of an actual project has been approved or is waiting for approval (this article is interpreted cautiously: the project has been approved or I-924 model certification has been submitted), then after the new law comes into effect, the EB-5 application of the project can still be implemented according to the old law.

Therefore, according to the provisions of the new proposal, it will not affect the subsequent operation of projects that have started before the new law.

Of course, all this is based on personal understanding of the new proposal. The proposal is not a bill, there are too many uncertainties, and when and how to land is still in dispute.

However, according to various sources, the controversy mainly lies in tea and job creation. The price increase itself is hardly controversial. The best point is the understanding of the ruling and opposition parties, and the worst point is the conspiracy of all parties. The government can invest more for the sake of performance requirements, and the project side can also recruit fewer investors and absorb more funds, and hit it off without objection.