DHS to Publish Final Rule on EB-5 Tomorrow That Would Raise Min. Investment to $900,000
But the new rules may never take effect if the EB-5 Regional Center Program gets a congressional extension before Sep 30th.
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House to Vote This Week on Bill That Would Remove Per-Country Visa Caps on EB-5 Program
Stakeholders warn that removing per-country caps without also increasing the number of available visas will not solve the program’s capacity problem.
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EB-5 Program Supports 355,000 American Jobs, Economic Impact Study Finds
During the two-year fiscal period of 2014-15, the US EB-5 program accounted for some $11 billion in capital investments in the US and supported 355,200 jobs or about 6% of all private-sector employment growth during the period, finds a study. Prepared by Economic & Policy Resources Inc., and co-sponsored by EB-5 industry advocacy groups IIUSA
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Regional Center Applications Plummet 95%, Lowest Level in 6 Years
The United States Citizenship and Immigration Service (USCIS) received only 25 I-924 applications – the petition private and public economic entities file to request status as a regional center under the EB-5 program – during the third quarter of fiscal year 2018. The figure is the lowest on record since 2012 and represents a 95%
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EB-5: Regional Center Program Extended, IIUSA Supports Backlog Lawsuit
President Trump yesterday signed a spending package that included a short-term “continuing resolution” (CR) to extend the EB-5 Regional Center Program to December 7th this year. Yesterday’s resolution marks the 13th consecutive short-term extension since September 2015. The last time the Regional Center Program received a long-term authorization was in September 2012, when it was
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EB-5 Industry “Extremely Disappointed” as Bid for Re-Authorization Falls Flat
Invest in the USA (IIUSA) the EB-5 industry’s advocacy organization, has issued a statement on the United States EB-5 program’s failure to receive bicameral approval and inclusion in the draft omnibus appropriations bill, slated for a congressional vote this Friday. Reports of the possible inclusion of reform and long-term reauthorization of the program in the
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As EB-5 Gets Short-Term Extension, IIUSA Warns Against Marketing Reform as Certainty
Congress Thursday passed a last-minute “Continuing Resolution” to extend government funding and federal programs – of which the EB-5 Regional Center program is but one of many – until December 22nd, which means all federal programs will continue unchanged at least for the next two weeks. In a statement, Invest in the USA (IIUSA), the
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USCIS Begins Unannounced Site Visits to EB-5 Job Creating Entity Sites
The United States Citizenship and Immigration Services have begun their previously heralded site visits to Job-Creating Entities as part of their information-gathering process required for EB-5 adjudications. The site visits, reports IIUSA, are part of a wider USCIS verification program launched to counteract the employment of H-1B, L-1 and religious workers, and do not cover regional
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