DEPARTMENT OF HOMELAND SECURITY ISSUES PROPOSED RULE: EB-5 REFORM AND INTEGRITY ACT OF 2022; ENSURING THE INTEGRITY OF THE EB-5 PROGRAM; AUTOMATIC REVOCATION OF PETITIONS FOR IMMIGRANT CLASSIFICATION

WASHINGTON, July 2 -- Department Of Homeland Security has issued a proposed rule called: EB-5 Reform and Integrity Act of 2022; Ensuring the Integrity of the EB-5 Program; Automatic Revocation of Petitions for Immigrant Classification.

The proposed rule was published in the Federal Register on July 2 by Markwayne Mullin, Secretary, U.S. Department of Homeland Security.

Summary: This proposed rule would implement the EB-5 Reform and Integrity Act of 2022 (RIA), which the President signed on March 15, 2022. The RIA substantially reforms and adds significant integrity provisions to the employment-based, fifth preference (EB-5) visa category for alien investors and the associated Regional Center Program. In general, under the EB-5 program, al...