Pursuing Higher Education In US In 2021

The EB5 immigrant investor program will lapse on June 30, 2021, if the US Congress does not extend it. In the past, the EB5 program was attached to a regular US government spending bill and would be renewed each time the bill was passed. But in 2020, former US President Donald Trump decoupled the EB5 program from this spending bill, leaving the program hanging in the wind.

Congress must now pass specific new legislation to extend it. Several thousand Indian investors are waiting anxiously, because they have already invested in the program but have not yet received their conditional green cards. A bill with bipartisan support is pending in Congress; as of early February 2021, it is expected to come up for approval before the EB5 program lapses on June 30.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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