A regional center has filed a complaint for injunctive relief and a temporary restraining order against the Department of Homeland Security (DHS). The regional center claims the new rule will have a severely detrimental economic effect on the economy and that DHS has no authority to strip individual states of the power to determine Targeted Employment Areas.
Florida EB-5 Investments, an EB5 regional center, makes a long list of serious allegations against DHS in their complaint, filed November 26, 2019.
Their over-arching challenge is whether DHS has the right to put the new EB-5 rule into effect, despite “ignoring data demonstrating the harmful economic impact of such a rule.”
Some of the allegations include the following:
The complaint is asking for the court to declare the new rule invalid and prevent DHS from implementing the new rule; to prohibit the new rule until a proper analysis satisfying Regulatory Flexibility Act requirements is made; and to cover the plaintiff’s legal cost.
See the official complaint
- OR -
Regulations, rules, and policies
Targeted employment areas
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