Category: Uncategorized

EB-5 Regional Center Program Receives Three-Week Re-Authorization

Tuesday, January 29, 2019 EB-5 Regional Center Program authorization granted in 2018 has been active again after President Trump signed a short-term spending bill to end the partial government shutdown and re-open government last Friday evening. The continuing resolution would extend previous funding and authorities for 3 more weeks till February 15, 2009. During the… Read more »

EB-5 Regional Center Program Short Term Extension Until December 21st, 2018

Friday, December 7, 2018 On Thursday, December 6, Congress sent President Trump a short-term spending bill to move back the deadline for a partial government shutdown until December 21, 2018. Both the House and the Senate passed the legislation by voice vote on Thursday. Trump is expected to sign the measure. These measures would thus… Read more »

Update regarding The Reserve Hotel

Friday, November 16, 2018 Due to the hotel’s prestigious location in Chicago’s downtown financial district, where we already have developed two successful Marriott hotels (the 610-key JW Marriott and the 381-key Residence Inn) we have studied the economic benefits adding one more floor of hotel rooms so our new Marriott Autograph Collection Hotel would have… Read more »

EB-5 Regional Center Program Extension

Thursday,October 4, 2018 According to IIUSA, President Trump signed a short-term continuing resolution (CR) on Friday, September 28. This temporary funding bill defers the deadline for unmade decisions about government funding and programs, including the EB-5 Regional Center Program, to December 7, 2018. Recall the last time Congress voted a prolonged regional center program extension… Read more »

U.S. Senate Committee held an oversight hearing on the EB-5 Program

Wednesday, June 27, 2018 On June 19th, 2018, the U.S. Senate Committee on the Judiciary held an oversight hearing on the Immigrant Investor EB-5 Program. The well-attended committee hearing focused on reported fraud, abuse, and national security risks related to the program, and also future path for EB-5. Throughout the hearing, the sole witness was… Read more »

USCIS Policy Manual Update: Tenant-Occupancy no longer counts toward EB-5 Job Creation

Monday, May 29, 2018 USCIS issued policy alert on immigrant investor (EB-5) cases involving tenant occupancy on May 15, 2018. Previously, the USCIS Policy Manual allowed for tenant-occupancy methodologies used by I-526 petitioners to prove their investment would satisfy indirect job creation request. The new policy guidance deemed the tenant-occupancy methodology cannot reasonably predict the… Read more »

Lawmakers Urge to Finalize EB-5 Regulatory Reforms

Friday, May 11, 2018 Recent tweets from U.S. Citizenship and Immigration Services (“USCIS”) indicate that administrative changes to the EB-5 Program will be a priority for the Fiscal Year 2018. At present, it is almost certain that the proposed regulations introduced more than a year ago will soon be finalized. The new USCIS Director Lee… Read more »

RC Program Extension to 9/30/2018

Friday, March 23, 2018 On Friday, March 23, 2018, proposed Omnibus bill (Consolidated Appropriations Act, 2018) has passed by Congress and signed into law by President Trump. The Omnibus bill 2018 extended the current EB-5 Program until September 30, 2018. Earlier in March, IIUSA actively worked with Congress leaders and a group of industrial organizations… Read more »

IIUSA issued Statement on Lost Opportunity for long-term EB-5 Extension

Wednesday, March 21, 2018 On March 20, 2018, Invest in the USA (IIUSA) issued a statement (https://iiusa.org/blog/iiusa-statement-missed-opportunity/)on the United States EB-5 program’s failure to receive bicameral support and would not be included in the upcoming federal funding bill, which Congress must pass by this Friday March 23. The possible inclusion of program reform and long-term… Read more »

Proposed EB-5 Reform Act

Thursday, March 8, 2018 This month, members of Congress made a draft proposal to reform the EB-5 Program. The proposals, called the Immigrant Investor Visa and Regional Center Program Comprehensive Reform Act (EB-5 Reform Act), if passed, would be included with the government-spending bill on March 23. Important aspects of the draft of the EB-5… Read more »