On April 9, a bill was introduced to reserve 100 EB-5 investor visas for areas where a major disaster has been declared by the president. This could provide some positive EB-5 national news, in light of the recent outcry for program reform as well as the specific criticism of Targeted Employment Area (TEA) designation that often funds luxury developments in big cities, such as Hudson Yards in Manhattan.
Read The National Law Review Article "New Bill Introduced to Use Economic Abilities of EB-5 to Assist Disaster Recovery in Declared National Disaster Areas"
