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March 20 2015
Regional Center Revocation
The USCIS has begun to revoke some inactive RC’s designations. In one decision USCIS states: The regional center’s participation as a regional center in the Program … no longer serves the purpose of promoting economic growth. Regional center’s I-924A filings do not report any EB-5 capital investment or job creation for fiscal...
March 12 2015
Proposed EB-5 Legislation
Congressman Polis (D-CO) has introduced a bill in the House to permanently extend the regional center program set to expire on September 30, 2015. His bill is called the “American Entrepreneurship and Investment Act of 2015.” If enacted it would: Allow “similar” entities to Limited Partnerships as investment vehicles.Make TEA letters...