Month: January 2021

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 »

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 »

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 »

EB-5 Program Extended to January 19, 2018

Friday, December 22, 2017 With just hours to spare in order to avoid a government shutdown, the House and Senate approved on December 21 a short-term continuing resolution (CR) funding federal activities through January 19. The CR was approved in the House in a 231-188 vote, and in the Senate by a vote of 66-32…. Read more »

Future of EB-5 Program

06/20/2017 Henderson Le, The Prime Group Inc. The Consolidated Appropriations Act of 2017, passed by Congress and signed May 7, extends the EB-5 immigrant investor visa program through September 30, 2017. There are two key bills that have been presented on the Senate floor. One is the Grassley Bill, mainly contributed by Senators Chuck Grassley… Read more »

Will Eb-5 Reform happen on April 28, 2017?

Apr 7, 2017 – Henderson Le Reforms to the EB-5 Immigrant Program is, once again, being due on April 28th. Nevertheless, changes likely won’t come in time. Democrats and Republicans can’t agree on how the program should be changed, even within the party. Given the looming deadline, it is more likely that at least one… Read more »

New proposed bill to limit family-based immigration

02/09/2017 By Henderson Le, Prime Group. Sens. Tom Cotton of Arkansas and Sens. David Perdue of Georgia proposed to reduce legal immigration from 1 million to 500,000 green cards per year. The bill, “Reforming American Immigration for Strong Employment Act” (RAISE Act), aims to limit the number of family-based visas so that only spouses and… Read more »