EB-5 News

4 ways to address the big problem of the EB-5 backlog

Posted by GCBI Team on March 25, 2020

With Congress having had multiple recent EB-5 bills introduced, one aspect of the program stands out as a major issue: the backlog caused by oversubscribed countries. NES Financial writes about four solutions to this issue: the Modernization regulation may help...

USCIS public engagement about new EB-5 processing: what we learned

Posted by GCBI Team on March 18, 2020

On March 13, U.S. Citizenship and Immigration Services (USCIS) held a public engagement meeting to discuss their new “visa availability” approach to processing applications — prioritizing EB-5 applicants from countries that are not backlogged. A positive is that USCIS will...

USCIS publishes EB-5 modernization Q&A with new TEA guidance

Posted by GCBI Team on March 18, 2020

USCIS has published online a question-and-answer document addressing some changes to the EB-5 program including priority date retention, Targeted Employment Areas, and removal of conditions on permanent residence. EB-5 expert Suzanne Lazicki points out that some of this TEA guidance...

Chinese Final Action Dates jumps forward 165 days in March

Posted by GCBI Team on March 18, 2020

China, in retrogression since May 2015, has seen its Final Action Date (FAD) advance 744 days in that period. Its FAD has leaped forward 165 days — to May 15, 2015 — in just the last month. An IIUSA report...

COVID-19 impact on immigration: USCIS closing to public; immigration courts & consular posts closing

Posted by GCBI Team on March 18, 2020

As of March 18, 2020, USCIS is suspending in-person services due to the coronavirus pandemic. This suspension will be effective till at least April 1. Immigration courts in the U.S. are closing by the day, and many consular posts around...

Federal judge denies regional center request to block new EB-5 program changes

Posted by GCBI Team on March 11, 2020

A D.C. court judge won’t order a preliminary injunction to stop the recent regulatory changes in the EB-5 Modernization Act, most notably the increase in investment amounts. Florida EB5 Investments, a regional center, argued that the changes would deter investors and...

AILA opposes revised Fairness For High Skilled Immigrants Act, supports RELIEF Act as the answer for removing country caps

Posted by GCBI Team on March 11, 2020

The American Immigration Lawyers Association says the newly revised Fairness For High-Skilled Immigrants Act (S.386) contains “highly problematic” changes. They decry the removal of the “do no harm provision” that ensures those with approved petitions do not wait any longer than...

Full I-526 & I-829 data for Q1 2019 provides some processing answers

Posted by GCBI Team on March 11, 2020

EB-5 expert Suzanne Lazicki has analyzed receipt and adjudication data from Q1 FY 2019 that answers some important questions — at least for that quarter. How close are USCIS reported times to actual I-526 and I-829 processing times? Reality was...

IIUSA files lawsuit against DHS & USCIS over failure to provide I-526 training update docs

Posted by GCBI Team on March 11, 2020

Over the last three years, under the Freedom of Information Act (FOIA), the national not-for-profit association for EB-5 has made over 80 requests for documents from USCIS regarding training updates for I-526 adjudicators and economists. The new industry regulations give...

Mulvaney tells private gathering that Trump admin is ‘desperate for more immigrants’

Posted by GCBI Team on March 11, 2020

Mick Mulvaney, as acting White House chief of staff, told a private gathering in England that the Trump administration needs more people to “fuel the economic growth that we’ve had in our nation over the last four years. We need...

  
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