![\"Legislation](\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/08\/EB-5-300x200.jpg\" "\\"The")
The U.S. EB-5 program could see investment thresholds rise after new legislation was introduced in the House of Representatives on Tuesday.<\/p>\nThe U.S. EB-5 program could see investment thresholds rise after new legislation was introduced in the House of Representatives on Tuesday.<\/p>\n
The American Job Creation and Investment Promotion Reform Act calls for a raft of changes, including raising the threshold to $800,000 or $1.2 million depending on the class of investment.<\/p>\n
Currently, the thresholds are $500,000 for investment in targeted employment areas (or regional centres) and $1 million for a general area of business.<\/p>\n
The program grants conditional permanent residence in return for the investment, provided at least 10 jobs are created.<\/p>\n
The EB-5 is controversial in the U.S. because of a number of cases of fraud linked to investments made under the program.<\/p>\n
The new legislation, as well as increasing the threshold, also calls for a number of new powers aimed at combatting fraud.<\/p>\n
New powers would include giving the U.S. Department of Homeland Security (DHS) more power to deny applications linked to fraud and other crime.<\/p>\n
The DHS would also be empowered to conduct audits and investigate fraud using fees paid by the regional centres, and conduct background checks on those involved in projects.<\/p>\n
Further powers would also include the vetting of projects before money changed hands and for risks and conflicts of interests to be disclosed to investors before any deal was struck.<\/p>\n
There are also calls for a stricter definition of targeted employment areas, a class designed to boost struggling economies in the U.S.<\/p>\n
The popular visa generated close to $5 billion in investment in 2015, with the regeneration of some of the biggest cities in the U.S. completed with the help of the funds.<\/p>\n
Recently it was highlighted that Chinese immigrants are asking to put\u00a0children as primary candidates<\/a>\u00a0on their applications over fears they may exceed the dependent age of 21 by the time approval comes around.<\/p>\n Meanwhile, Indian nationals with aspirations of living in the US are being told the EB-5 visa is the most realistic way of\u00a0achieving their goal<\/a>.<\/p>\n Downtown Dallas has been rebuilt and regenerated using EB-5 funds.<\/p>\n Mayor Mike Rawlings wants to see the program extended and expanded come September, believing America\u2019s urban areas are now reliant on the billions of dollars invested.<\/p>\n In Dallas, the $500 million raised by Civitas EB-5 Capital has been spent on new offices, hotels and apartment buildings both downtown and in the nearby area.<\/p>\n There has also been a number of fraud cases linked to the investment program.<\/p>\n \n \n Further reading<\/b><\/p>\n The U.S. EB-5 program could see investment thresholds rise after new legislation was introduced in the House of Representatives on Tuesday. The American Job Creation and Investment Promotion Reform Act calls for a raft of changes, including raising the threshold to $800,000 or $1.2 million depending on the class of investment. Currently, the thresholds are…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-24c","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/7948"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=7948"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/7948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=7948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=7948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=7948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nFraud Cases Linked to EB-5<\/h3>\n
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