Today, Congress submitted a proposed omnibus spending bill to extend funding to the government through September 30, 2017. The EB-5 Regional Center Program is included in the bill which proposes a clean extension without any of the much-debated reforms. If approved, the EB-5 Regional Center Program will be extended through September 30, 2017, offering
EB-5 Alert! Congress Extends EB-5 for One Week
Today, Congress extended the EB-5 Program for 1 week through May 5, 2017. The Program was extended as part of a continuing resolution (CR) funding the federal government through May 5, 2017, thus preventing a government shutdown. The EB-5 Program would have otherwise sunset today. The President has until midnight tonight to sign the CR.
EB-5 Alert! DHS to Publish Proposed Rules Addressing TEAs and Minimum Investment Amount
Today, January 13, the Department of Homeland Security (DHS) will expand upon the notice of proposed rulemaking released on January 11, 2017 by publishing a Notice of Proposed Rulemaking in the Federal Register, titled ‘EB-5 Immigrant Investor Program Modernization,’ addressing a variety of policy issues including Targeted Employment Area (TEA) designation and minimum investment amounts.
Fox Rothschild Formalizes EB-5 Immigrant Investor Services Practice
Fox Rothschild LLP has formalized its EB-5 Immigrant Investor Services practice, led by Scott Bettridge in Miami and Roy J. Carrasquillo in New York. The national practice boasts a multidisciplinary group of attorneys drawn from its Corporate, Immigration, Government Relations, International, Real Estate, Securities and Tax practices. The firm’s EB-5 team provides an integrated approach
Continuing Resolution filed in US Senate includes temporary reauthorization of EB-5 Regional Center Program
A draft of a Continuing Resolution (“CR”) was filed yesterday by Senate Majority Leader Mitch McConnell which would fund all current US government operations through December 9, 2016. Because last year’s Omnibus appropriations bill included the EB-5 Regional Center Program, the EB-5 Regional Center Program would be extended automatically by the passing of the CR
USCIS Proposes to Increase Fees
In a continuation of its effort to encourage eligible immigrants to become U.S. citizens, the Obama administration is proposing adjustments to the immigration benefit fee schedule that would raise the cost of some benefits but reduce naturalization fees for certain low-income immigrants.
The Department of Homeland Security (DHS) released its proposed changes to the U.S.
Immigrant Visa Processing Changes – EB2/3 India moves forward; EB2/3 China retrogression expected – Visa Office on Priority Dates, Demand, and Predictions
In our continuing series of reports, Charles (“Charlie”) Oppenheim, Chief of the Visa Control and Reporting Division, U.S. Department of State, shares his most recent analysis of current trends and future projections for the various immigrant preference categories with AILA (the American Immigration Lawyers’ Association).
Below are highlights from the most recent “check-in with Charlie”
EB-5 Immigration Reform Landscape in 2016
Congress in 2015 tried to tackle new EB-5 reform legislation, but instead chose to extend the program without any changes until September 30, 2016. This was a result of an impasse on issues relating to increase in the capital threshold amount and the change in the metrics used to determine what is a (“TEA”) targeted
Immigrant Visa Processing Changes – EB2 & EB3 India and China move forward – Visa Office on Priority Dates, Demand, and Predictions
In our continuing series of reports, Charles (“Charlie”) Oppenheim, Chief of the Visa Control and Reporting Division, U.S. Department of State, shares his most recent analysis of current trends and future projections for the various immigrant preference categories with AILA (the American Immigration Lawyers’ Association).
Below are highlights from the most recent “check-in with Charlie”
“EB-5 is Extended Without Any Changes Until September 30, 2016”
Since September 30, 2015 Congress has considered several immigration bills that would have completely overhauled the EB-5 program. All of us in the space, especially attorneys, had prepared ourselves for the inevitable change of the current EB-5 regulations. We all knew that the minimum capital threshold requirement would increase to $800,000. In addition, the targeted