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Uncertainty grips Indian investors as they await EB-5 regional investor programme to be reauthorised

A short term technical lapse in authorization of the programme could increase the expected wait time to immigrate to the US by many months. Increasing wait times come with an additional risk – a well-to-do project invested in, might go bust. In the unlikely case of non-renewal, all investments would be reduced to naught

March 25, 2021 / 05:49 PM IST

On March 18, Senators Chuck Grassley and Patrick Leahy introduced EB-5 Investor Visa Integrity Reforms in the US Congress. The bill will extend the expiring EB-5 regional center (RC) programme by five years and will also have stringent measures in place to address frauds and bring more credibility.

The RC programme is expiring on June 30, 2021.

This, ideally, should make Indian investors, second largest in the EB-5 category, happy. But that is hardly the case. Uncertainty around the bill, coupled with longer wait times, has become a huge cause for concern for these investors, whose fate now hangs in balance.

What is EB-5?