A rule that would raise the investment limits for immigrants applying to the EB-5 visa program was published Wednesday by the Trump administration.
The program currently allows foreigners who invest $1 million in a U.S. commercial project that will create or preserve at least 10 jobs to apply for a green card. That investment threshold drops to $500,000 if the project takes place in a high-unemployment or rural area.
Under the new regulation, the standard threshold is increased to $1.8 million, and the threshold for rural or high-unemployment areas will rise to $900,000 — a smaller jump than the $1.35 million proposed in an earlier version of the rule.
Sen. Chuck Grassley, R-Iowa, in a floor speech last week said it will encourage investment in rural America.
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