The significant aspects of the EB-5 proposed regulation changes are:
1) Increase of minimum investment capital for NON-TEA projects to $1.8million, and for TEA located projects - $1.35million;
2) Removes the TEA designation authority from state agencies. DHS has been proposed to be the TEA designating authority;
3) TEA is based on high unemployment and incentivized with 25% reduction to the investment amount
After OMB review, the Final Rule will be published in the Federal Register. This can take a few months.