News
EB-5 Regional Center Statute Extension
News reports say that Congress has agreed on a budget until September 30th. Section 542 extends the EB-5 Regional Center statute without change to September 30th. Reports from Washington indicate that Senator Grassley continues to press for a new EB-5 statute, but others oppose him. Congress will vote on the bill and...
H-1B visa applications drop for first time in years
For the first time in years, the number of H-1B visa applications has decreased — a signal that President Trump’s “America First” rhetoric is deterring employers from hiring foreign workers, experts say. That rhetoric will ramp up Tuesday, when Trump is planning to sign an executive order that seeks to make...
In a move anticipated since he took office, President Donald Trump April 18 signed the “Buy American and Hire American” executive order, which seeks – in part – to reform the H-1B visa program for highly-skilled foreign workers. The new directive does not specify changes to the existing program, but instead...
Surge in Filing I-526 EB-5 Applications
In the past few weeks, there has been a lot of EB-5 activity. Surge in Filing I-526 EB-5 Applications With the April 28, 2017 expiration deadline of the RC EB-5 statute (the regular/direct/self EB-5 investment statute does not expire), many investors are seeking to file their I-526s to lock in their investments at the...
Shocking EB-5 Rule Change
Obviously there is a lot happening in the EB-5 area these days. Shocking EB-5 Rule Change Previously, a RC could expand its territory usually by a letter and a map accompanying an investor’s I-526. Large territorial expansion often had substantial evidence and an economist’s opinion justifying the territory. In March via a...