The latest updates on U.S. immigration reform have arrived! On August 2, U.S. President Trump announced a skill-based immigration reform proposal—the "Reforming American Immigration for Strong Employment Act," which Trump himself referred to as the "largest immigration reform in half a century."
What are the core reforms of this new proposal for U.S. immigration? What impact does it have on the U.S. EB-5 investment immigration program? The WorldWay Immigration Group provides a brief analysis of the latest reform proposal announced by Trump as follows:
Main Content of the Proposal
The new proposal replaces the current immigration system with a "point system." The criteria include English proficiency, education level, work skills, financial status, and more.
The proposal aims to reduce the number of non-skilled legal immigrants, with core content including: establishing a scoring system, drastically cutting family-based immigration, eliminating the green card lottery, and limiting the total number of refugees, among others.
Impact on EB-5 Investment Immigration
In this proposal, the entire employment-based visa category is changed to an "Immigration Point" system, where all categories are evaluated according to the scoring system.
For the employment-based (EB) immigration that everyone is most concerned about, the relevant content in the proposal states: If you invest in and manage a new business in the U.S., investing $1.35 million and maintaining it for three years earns 6 points, while investing $1.8 million and maintaining it for three years earns 12 points.
It is worth noting that the proposal has adjusted the investment amounts to the current amounts proposed by the immigration office of $1.35 million and $1.8 million!
The EB-5 Reform is Inevitable, and the Resolution of the Waiting List is Imminent
This latest reform proposal addresses some of the undesirable aspects of the current U.S. immigration legislation, making reform imperative. For the EB-5 immigration policy, a price increase is certain!
Currently, the U.S. Congress has received reference proposals to resolve the EB-5 visa waiting list, and the "EB-5 Comprehensive Reform Bill" proposed by Senate Majority Leader John Cornyn has been included in the solutions for addressing the waiting list.
The "EB-5 Comprehensive Reform Bill" has been widely discussed and is likely to be passed by Congress by the end of September. The wolf of EB-5 price increases is truly approaching!
As of August 4, 2017, there are only 57 days left until the current EB-5 immigration legislation expires on September 30. Applicants wishing to immigrate to the U.S. should not hesitate, or they may completely lose the opportunity to invest $500,000 to immigrate to the U.S.
The WorldWay Immigration Group carefully selects U.S. investment immigration projects—the 2017 EB-5 Diamond Project Dallas No. 1, helping investors seize the last chance to immigrate to the U.S. at a low price. Currently, these two major projects are in high demand, and spots are extremely limited, so please invest promptly!
【Warm Reminder】
What will happen to U.S. investment immigration after September 30, 2017? Will the proposal announced by Trump, which claims to be the "largest immigration reform in half a century," ultimately be implemented? Can the EB-5 waiting list really be resolved? Is the wolf of EB-5 price increases really coming?
From August 5 to 13, the WorldWay Immigration Group will collaborate with authoritative immigration lawyers in Beijing, Shanghai, Guangzhou, and Shenzhen to thoroughly analyze the latest hot topics in EB-5 reform, and these questions will be addressed. Please continue to follow the WorldWay Immigration Group's official website or WeChat for timely updates. For more details on U.S. investment immigration, please call: 400-138-2929