On March 8, a new draft of the EB-5 Reform Bill was unexpectedly introduced. This draft was jointly proposed by three influential figures in the U.S. Congress—Senate Judiciary Committee Chairman Chuck Grassley, House Judiciary Committee Chairman Bob Goodlatte, and Senate Majority Whip John Cornyn—based on a consensus reached from multiple previous proposals.
The main provisions of the draft bill include a significant increase in the minimum investment amount, visa set-asides, job creation requirements, and definitions for "Urban Priority Investment Areas." Among these, the visa set-aside provision has attracted significant attention from investors.
The draft bill stipulates that 3,100 visas will be reserved annually from the quota of approximately 10,000 for projects that meet the "visa set-aside" criteria, such as those in "Urban Priority Investment Areas." This means that if investors choose projects that qualify for these "visa set-asides," they may be able to shorten their waiting period and obtain a Green Card more quickly.
The draft bill provides for 1,450 visas to be reserved annually for "Urban Priority Investment Areas." At the same time, the definition of "Urban Priority Investment Areas" in the draft is more lenient. Furthermore, under the new draft bill, those who have already had their immigration applications approved may, if they meet the requirements for "Urban Priority Investment Areas," submit an application for re-authorization within one year of the bill's effective date, thereby avoiding the need for additional investment while obtaining the reserved visa quota.
Therefore, with the release of this draft bill, projects that meet the "Urban Priority Investment Area" criteria have become highly sought after by investors, sparking a race for the "visa set-aside" privilege.
Experts from Worldway Immigration Group state: For those intending to immigrate to the United States, choosing EB-5 projects that meet the "visa set-aside" conditions, such as those in "Urban Priority Investment Areas," is currently the wisest choice.
The Manhattan 9 Luxury Boutique Hotel project, for which Worldway serves as the exclusive agent in Greater China, meets the definition of an "Urban Priority Investment Area" under the framework of the new draft bill and thus enjoys a priority quota of 1,450 visas. This project is the only one in Manhattan with the potential to shorten the waiting period and offers first-priority repayment. The project's data is excellent, greatly assisting investors in obtaining permanent Green Cards and ensuring the repayment of investment funds, thereby fully protecting the interests of investors. Before the EB-5 reform, this project is an optimal choice for addressing the many uncertainties of the EB-5 program.
EB-5 policy changes are imminent! Hesitating now may result in higher costs in terms of both money and time in the future! Time is running out for the $500,000 U.S. immigration opportunity; investors are urged to cherish this current chance for low-cost immigration to the United States. We advise investors to plan early, join the queue early, get on board early, and apply early to benefit early. The Manhattan 9 Luxury Boutique Hotel project, which offers the potential to shorten the waiting period, has few spots remaining; act quickly. Project hotline: 400-138-2929.