EB-5 Reform and Integrity Act of 2021 Introduced March 18, 2021 Senator Chuck Grassley (R-Iowa), Ranking Member of the Senate Judiciary Committee, and Senator Patrick Leahy (D-Vt.), a senior member and former chairman of the Judiciary Committee, today introduced the EB-5 Reform and Integrity Act of 2021 (the Integrity Act). The Integrity Act brings a [...]
Carolyn Lee and IIUSA's Joint Analysis of the October 2020 Visa Bulletin -- What Does It Mean for EB-5? September 29, 2020 The fiscal year 2021 starts October 1 and the October 2020 Visa Bulletin is published. There are over 120,000 additional visa numbers spilling over into the Employment-Based categories, EB-1 through EB-5. What is the impact on [...]
EB-5 Redeployment Policy Update: Keep Sending Comments to USCIS #eb5redeploymentdueprocess August 31, 2020 By Carolyn Lee The official due date for comments to the redeployment Policy Manual update was before August 24, 2020. However, according to the USCIS website, the public “can submit feedback on the USCIS Policy Manual at any time” (emphasis added). See [...]
June 17, 2020 By Carolyn Lee Mr. Charlie Oppenheim provided another important update to the EB-5 stakeholder community during his IIUSA talk yesterday. I was honored to moderate the panel after, where we were given opportunity to ask follow-up questions. Here are the top ten takeaways from Mr. Oppenheim’s talk: If U.S. Consulates [...]
Carolyn Lee Interviewed by Bloomberg Law on EB-5 June 8, 2020 Bloomberg Law sought Carolyn's insights on the impact of Covid-19 induced changes to the economy on EB-5 visas. In the piece published today, Carolyn explains the impact of consular closures to the EB-5 visa category's annual visa allocation. Bloomberg reports: The EB-5 program hit [...]
Special thanks to corporate and securities attorney John Tishler for joining my COVID-19 and EB-5 material change webinar on April 28, 2020. See the complete slide deck here. ***
Read my IIUSA blog analyzing the March 13, 2020 USCIS EB-5 Stakeholder Engagement on the new I-526 petition process. Effective March 31, 2020, the new "inventory management" approach will prioritize petitions with visa availability. Quicker visa processing is anticipated in 12-18 months as a result. See the most recent Visa Bulletin to see visa [...]
What EB-5 Needs Now January 27, 2020 We start another year in EB-5 without long-term reauthorization. Yet, even in this environment, there are brave ventures and reassuring constancy in EB-5 – new businesses exploring regional center formation, great projects rebooting to meet new regulations’ requirements, advisors delivering steadfast guidance amid lengthening processing times and heightened [...]
Rural Opportunities under the New EB-5 Modernization Regulations November 25, 2019 The new EB-5 regulations, now in effect, provide a real incentive for EB-5 investment in rural areas. This is because there is a big difference between the “targeted employment area” (TEA) investment level and the non-TEA investment level. Rural areas qualify as TEAs. [...]
