On June 15, 2015, USCIS released a new and updated version of Form I-829, Petition by Entrepreneur to Remove Conditions. Form I-829 is the second step in the immigration process for EB-5 immigrant investors. It must be filed within 2 years of the date that the investor obtained conditional green card status the U.S.
On June 5, 2015, Senators Leahy (Democrat from Vermont) and Grassley (Republican from Iowa) introduced draft legislation S.1501 in the Senate Judiciary Committee, that will renew the EB-5 Regional Center program until year 2020. The proposed legislation confirms bi-partisan support for renewing the EB-5 Program in the U.S. Senate.
In its Visa Bulletin for April 2015, the Department of State announced that it expects to set a cut-off date for mainland Chinese born EB-5 visa petitioners “no later than June”. This means that by June 2015, persons born in Mainland China will become subject to a waiting list to obtain an EB-5 visa.