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 – [...]
EB-5 Frequently Asked Questions (and Answers) brought to you by Carolyn Lee PLLC. Question 1: What is an EB-5 visa? Answer: An EB-5 visa is a U.S. immigrant (meaning U.S. permanent residency) visa. Another name for an “immigrant visa” is a “green card.” There are different green card categories, based primarily on family-based relationships or [...]
Courtesy of CanAm Enterprises. Thanks, TiE and CanAm for inviting me! It was a delightful evening. Full video on YouTube at https://www.youtube.com/watch?v=qBVAmhW1JBk&feature=youtu.be https://www.youtube.com/watch?v=d0vf6RG8_dg&feature=youtu.be
February 25, 2019 Happy Monday to EB-5 Citizens. A few notes to start your EB-5 week on an informed footing. EB-5 Modernization Regulations to OMB On February 22, 2019, the “EB-5 Immigrant Investor Program Modernization” regulations were received for review by the Office of Information and Regulatory Affairs (OIRA), a part of the Office of [...]
