Carolyn Lee Speaks - EB-5 Regulations July 31, 2019 Tune into an ilw.com seminar today on the final EB-5 modernization regulations. Panelists include NYU scholar-in-residence Gary Friedland, whose studies are frequently cited in the final regulations. ***
July 24, 2019 The EB-5 Modernization Regulations were published today with an effective date of November 21, 2019. The 120-day runway to implementation extends beyond the next regional center program sunset date on September 30, 2019. This means there's opportunity for legislative reauthorization to pass, mooting these rules. American Immigration Lawyers Association summarizes the final [...]
EB-5 Alert July 10, 2019 The House Passes H.R. 1044 to Remove the Per Country Caps Today, the U.S. House of Representatives passed the Fairness for High-Skilled Immigrants Act of 2019 (H.R. 1044). The vote was 365 in favor and 65 against. The bill, if enacted, would remove the 7% per country cap on employment-based visas, including [...]
OMB Completes Review of EB-5 Modernization Regulations June 28, 2019 American Immigration Lawyers Association Reports: On June 27, 2019, the Office of Management and Budget (OMB) completed review of the EB-5 Immigrant Investor Program Modernization final regulation. In order for this final regulation to become effective, it must be published in the Federal Register. The [...]
EB-5 Notes June 10, 2019 Good News About EB-5 and Carolyn Lee PLLC Clients We are pleased and proud to share some significant EB-5 news to kick off your week. Successful Navigation of Material Change CanAm recently repaid its investors on its 38th EB-5 project, a $12 million loan used to fund redevelopment of the [...]
Carolyn Lee PLLC Commemorates D-Day – 75th Anniversary June 6, 2019 It’s a solemn day as well as one of pride and gratitude. We remember the heroes of June 6, 1944 – D-Day. See the photo gallery on Politico. See the Time Magazine video for the story behind Robert Capa’s photos of Normandy on [...]
May 20, 2019 This Monday morning, Carolyn Lee PLLC is pleased to share an important legislative update. This past Friday, May 17, 2019, the EB-5 industry stakeholders sent a joint letter to Congress requesting a 6-year reauthorization of the EB-5 regional center program with shared legislative reform principles. The full text of the letter is [...]
It's the longest wait estimate yet for Chinese nationals, exceeding 16 years. Indian nationals' wait time also lengthened to over 8 years for cases filing today. That's the bad news. The good news: beyond the top 6 usage countries, there is no backlog predicted for EB-5 investors from rest of world (ROW). Special thanks to [...]
EB-5 Notes - Material Change Seminar – April 17th I’ve written extensively about the faulty legal premise girding USCIS’s material change policy.[1] Fundamentally, those articles advance a simple point: USCIS should use authority correctly in formulating its policies. This EB-5 Note on material change is more immediately practical. In the era of EB-5 backlogs, EB-5 projects and [...]
Toward a Constructive Conversation about EB-5 Like so much of our conversations about the public good these days, the conversation about EB-5 tends to the black and white. To some, it’s riddled with “abusive gerrymandering” and involves allowance of “visas for sale.” To others, the “golden visas” present a triple home run for all – [...]
