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 [...]
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 – [...]
