The Future of EB-5: Potential Increased Investment Amounts, Legislative Efforts, Retrogression, and

Strategies for Moving Forward

Tom Rosenfeld, CanAm Enterprises LLC

Sam Walls, Pine State Regional Center

Reid Thomas, NES Financial

Dan Schwarz, Fragomen Worldwide

Moderated By: Winnie Ng, Manhattan Regional Center

Legislative Efforts & Proposed Regulations

• Continuing Resolutions (CRs): EB-5 Regional Center Program reauthorized as part of several rounds of Continuing Resolutions (CRs) in Congress: 9/30/2015, 12/11/2015, 12/16/2015, 9/30/2016, 4/28/2017, 5/5/2017

• 6/3/2015: S. 1501 introduced (Leahy)• 10/1/2015: S. 2115 introduced (Flake); S. 2122 introduced (Paul)• 11/7/2015: S. 1501 new draft• 12/17/2015: S. 2415 introduced (Flake)• 2/2/2016: Senate Judiciary Hearing on S. 1501• 2/11/2016: House Judiciary Hearing• 4/13/2016: Senate Judiciary Hearing • 9/12/2016: HR 5992 introduced (Goodlatte)

• 1/11/2017: Advance Notice of Proposed Rulemaking from DHS• 1/12/2017: Notice of Proposed Rulemaking from DHS• 1/24/2017: S.232 introduced (Feinstein/Grassley) to terminate the EB-5

visa program• 3/8/2017: House Judiciary Hearing on NPRM from DHS • 3/10/2017: HR 1502 introduced to terminate EB-5 (King)• 3/27/2017: S. 727 introduced (Paul)• 4/15/2017: Grassley/Leahy draft circulated

Legislative Efforts & Proposed Regulations

• Potential Increased Investment Amounts and TEA Designation

• Visa Back Log Issue• Strategies for Moving Forward

Questions?

DISCLAIMER

This presentation outline and the presentation itself are for

general education purposes only and are not intended to

provide specific guidance or legal advice about what to do or

not to do in any particular case. You should not rely on this

general information to make decisions about specific

immigration matters. If you are not yourself a lawyer, you

should seek the assistance of an immigration lawyer to help

you resolve these issues. Thank you.