News
Significant New Changes to EB-5 Proposed in Congress
Last Friday (March 8th), some members of Congress distributed a legislative proposal that will alter the EB-5 program dramatically. They will try to pass this proposal along with the government spending bill by March 23. If approved, the new EB-5 bill will increase investment amounts and reduce the number of available petitions...
A New EB-5 Law May Be Enacted
New EB-5 Law? Yesterday, a new EB-5 bill was circulated in Congress. Its backers will attempt to attach it to the continuing budget resolution that needs to be passed by March 23rd to continue to fund the government. The bill would implement significant changes to the Regional Center program. It would extend...
New I-829 Dependent Procedures
New I-829 Dependent Procedures Twenty-one to twenty-four months after an EB-5 immigrant immigrates to the U.S., they must file an I-829 application to remove conditional resident status. This involves proving the investment has been maintained and 10 jobs have been created. When the I-829 is filed, the applicant receives a receipt...
EB-5 Regional Center Statute Extended With the short-term spending package passing, the EB-5 Regional Center statute has once again been extended to March 23, 2018. For now, the minimum EB-5 investment amount will remain at $500,000 in a TEA. Further extension of the statute is anticipated. Investors Successfully Fought Denial of their EB-5...
New EB-5 USCIS Regulations Advance
The Federal government’s Office of Management and Budget (“OMB”) is involved in rolling out all new regulations. The OMB has advanced the estimated issuance of new EB-5 rules from April to February. Rumors say the new rules will: Increase the investment amount; Move Target Employment Area (lower investment area) determinations from the states...