News
The Latest on EB-5 I-829 Receipts
I have previously written about the issuance of receipts for I-829 petitions for removal of conditions on permanent residence status. When a conditional green card expires, the government’s I-829 receipt, along with the expired conditional green card, acts as a one-year extension of the green card. Dependents (spouses and children)...
EB-5 Regional Center Statute Extended
The national EB-5 regional center trade association has just confirmed what I predicted last week: the omnibus funding legislation that will pass on March 23, 2018 will include an extension of the current EB-5 Regional Center Program through September 30, 2018. This means that for now, the minimum investment amount remains at $500,000...
Breaking: EB-5 Program Likely To Be Extended
The news from Washington, DC is that the latest attempt to change the current EB-5 law to increase the minimum investment amount from $500,000 to $925,000 and make many other changes to the EB-5 visa program has failed. A revised bill also will not be considered and the current law...
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...