The Trump administration is rolling out a sweeping set of proposed changes to the EB-5 immigrant investor visa program, with a focus on tightening oversight, expanding anti-fraud enforcement, and eliminating certain pathways that foreign investors have used to obtain green cards, according to a Newsweek report.
The EB-5 program generally allows individuals who invest at least $1 million in American businesses that create jobs to apply for lawful permanent residence. Under the new proposals, however, the Department of Homeland Security is seeking to impose stricter compliance requirements on regional investment centers, strengthen government scrutiny of funding sources, and increase monitoring of projects financed through the program. Immigration officials would also be granted broader authority to revoke benefits when fraud or national security concerns are identified.
One notable change targets a provision that previously allowed investors to qualify by preserving jobs at financially distressed companies rather than creating new employment opportunities. DHS said that provision was used in less than 1% of petitions and determined it did not align with the program’s core objective of generating new employment.
The proposal also promises increased scrutiny on individuals investing through cryptocurrency. DHS said investors must demonstrate their digital assets used for investments were lawfully acquired and transferred. U.S. Citizenship and Immigration Services indicated that investors may be required to provide evidence documenting account ownership, transaction histories, tax records, and the conversion of digital assets into investment capital.
Additional measures include increased audits, site visits, and reporting requirements. USCIS said these measures are intended to reduce fraud risk and ensure compliance with immigration and securities laws. Currently, nearly 10,000 people hold visas through the EB-5 investor program, accounting for 7.1% of employment-based immigrant visas, Newsweek reported.

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