1) What are the significant changes the new rules brought about when they became effective on November 21, 2019?

As of the effective date of the final rule, the standard minimum investment level increased from $1 million to $1.8 million, the first increase since 1990 to account for inflation. It also keeps the 50% minimum investment differential between a TEA and a non-TEA, increasing the minimum investment amount from $500,000 to $900,000. The final rule also provides that the minimum investment amounts will automatically adjust for inflation every five years. It outlines changes to the EB-5 program to address gerrymandering of high-unemployment areas. The new rules outlaw deliberately manipulating the boundaries of an electoral constituency. Urban areas such as New York, Los Angeles, and Miami will not be a TEA. The rule revises regulations so that certain derivative family members who are lawful permanent residents must independently file to remove conditions on their permanent residence. The requirement would not apply to those family members included in a petition of the principal investor. The rule improves the adjudication process for removing conditions by providing flexibility in interview locations and adopting the current USCIS process for issuing Green Cards. Finally, it also offers greater flexibility to immigrant investors who have a previously approved EB-5 immigrant petition.