What Happens If the EB-5 Regional Center Program Lapses Again?
It already happened once. The Regional Center program lapsed on June 30, 2021 and stayed dark for roughly nine months, until the Reform and Integrity Act reauthorized it on March 15, 2022. Tens of thousands of investors were caught in the middle. The program's current authorization runs through September 30, 2027. If Congress does not act before then, it happens again. This is not a theoretical exercise. We have a detailed case study in the 2021 lapse. This article documents what actually occurred, how it affected investors at every stage of the process, and what has changed under the RIA that would make a second lapse different. Source: EB-5 Reform and Integrity Act of 2022 (Public Law 117-103, Division BB); USCIS policy guidance and announcements; Congressional Research Service reports. Blue trust tier for statutory and official government sources. Gray trust tier for derived analysis. ## What a lapse means, precisely...
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