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LEGISLATIVE NEWS

EB-5 PROGRAM LEGISLATION UPDATES & RESOURCES

On March 15, 2022, President Biden signed a law that made favorable changes to the EB-5 program, authorized a new EB-5 Immigrant Investor Regional Center Program, and directed that certain “grandfathered” immigration benefits be processed.

On June 24, 2022, a Judge issued a preliminary injunction against USCIS which requires USCIS to allow all previously designated EB-5 regional centers to presently operate. This decisions allows for new EB-5 investors to now be able to file I-526 petitions with existing pre-authorized Regional Centers including U.S. Immigration Fund.

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What are the biggest changes to the EB-5 Program that I should know?

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The EB-5 program now consists of annual set-aside categories for certain projects including 20% for rural areas, 10% for investment in a high unemployment area, 2% for infrastructure projects.

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Any new EB-5 investors who selects a TEA or rural project after March 15th, 2022 will qualify for EB-5 visa set asides and faster visa processing.

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There are NO waiting lists for new EB-5 visas for any country within the set aside categories. New investors will receive priority processing with approvals possible in as little as 120 days.*

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Investors can concurrently file their I-485 Adjustment of Status and their EB-5 I-526 petitions allowing you to remain in the U.S. while awaiting their visa approval and in the meantime obtain a 2-year temporary work permit and temporary travel permit in approximately 6 months after submitting the application.

READ EB-5 LEGISLATION NEWS

EB-5 Regional Center Doors are Officially Open to EB-5 Foreign Investors

WASHINGTON, D.C – Recent lawsuits regarding the EB-5 Regional Center Immigration Program have received successful outcomes that open the program to foreign investors who want...

July 2022 Visa Bulletin: Final Action Dates

The EB-5 Visa Bulletin for July 2022  has been released by the U.S. Department of State- Bureau of Consular Affairs. FINAL ACTION DATES The Final...

EB-5 Regional Center Lawsuits Receive Favorable Preliminary Injunction Ordering the Immediate Start of the EB-5 Regional Center Program

Effective June 23, 2022, The Federal Court for the Northern District of California granted and ordered USCIS to stop treating formerly deauthorized designated regional centers as such and they must be permitted to operate.
EB-5 I-956

USCIS Releases Application Form I-956 for Regional Center Designation

JUPITER, FL – As of May 13th, 2022 USCIS has launched a new regional center program that requires Form I-956 for Regional Center Designations. With the...

USIF & Liu, Chen & Hoffman LLP Close Divesture transactions with EB-5 Investors

USIF has closed divesture transactions with various EB-5 investors represented by Liu, Chen & Hoffman LLP “LCH”, a New York and Silicon Valley corporate law...
Eb-5 Visa Bulletin

May 2022 Visa Bulletin Update

The EB-5 Visa Bulletin for May 2022 has been released by the U.S. Department of State- Bureau of Consular Affairs. EB-5 REFORM The Consolidated Appropriations...
President Reauthorizes EB-5 Regional Center Program

Favorable Updates for the EB-5 Regional Center Program

Earlier this month, the President signed and approved the FY2022 Omnibus Appropriations Bill which includes updates to the EB-5 program. The EB-5 Regional Center program is...
Nick Mastroianni Comments on EB-5 Reauthorization

EB-5 Regional Center Program is Reauthorized by Congress

U.S. Immigration Fund Chairman Nick Mastroianni, II, Comments on the Reauthorization of the EB-5 Regional Center Program.  Earlier this week both the Senate and the...

*Based on USCIS data provided in The Reform and Integrity Act 

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