Bug Report

Current Behavior
I am able to build fine with babel src --out-dir lib, however attempting to use @babel/register
doesn't seem to work. I get unexpected token error, because the import statements are not transformed. I'm not sure if this is because @babel/register isn't loading the babel.config.js file in my project root (which @babel/cli doesn't seem to have a problem with) or if it's just not doing anything.

Input Code

require('@babel/register')
require('./src')

Expected behavior/code
I would expect require('@babel/register') to load my babel.config.js file, and transform other files loaded via require.

Babel Configuration (.babelrc, package.json, cli command)

module.exports = function(api) {
	api.cache(false)

	return {
		presets: [
			[
				'@babel/preset-env',
				{
					targets: {
						node: 'current',
						browsers: '> 0.25%, not dead'
					},
					useBuiltIns: 'usage',
					corejs: 2,
					modules: 'cjs'
				}
			],
			'@babel/preset-react',
			'@babel/preset-typescript'
		],
		plugins: [
			[
				'@babel/plugin-proposal-decorators',
				{
					legacy: true
				}
			],
			['@babel/plugin-proposal-class-properties', { loose: true }],
			'@babel/plugin-proposal-object-rest-spread',
			'@babel/plugin-proposal-export-default-from'
		]
	}
}

Environment

• Babel version(s):
  "@babel/core": "7.5.4",
  "@babel/plugin-proposal-class-properties": "7.4.4",
  "@babel/plugin-proposal-decorators": "7.4.4",
  "@babel/plugin-proposal-export-default-from": "7.5.2",
  "@babel/plugin-proposal-object-rest-spread": "7.5.4",
  "@babel/preset-env": "7.4.5",
  "@babel/preset-react": "7.0.0",
  "@babel/preset-typescript": "7.3.3",
  "@babel/cli": "7.5.0",
  "@babel/register": "7.4.4"
• Node/npm version: 10.15.3
• OS: Windows 10
• Monorepo: Lerna
• How you are using Babel: register

Possible Solution
none

Additional context/Screenshots