News
New EB-5 Quotas May Provide New Opportunities
Under the new EB-5 law, the EB-5 quota is a bit more complex, but for some it provides opportunities not in the old law.The general EB-5 quota of about 10,000 visas is separated to also include three new “reserved” EB-5 visa categories based on investments in the following areas:Rural –...
Congress Passes Bill to Allow Isabel Bueso to Remain in United States, Continue Receiving Life-Saving Treatment
The Senate today passed legislation introduced by California Senators Dianne Feinstein and Alex Padilla and Congressman Mark DeSaulnier (all D-Calif.) that would allow California resident Isabel Bueso and her family to remain in the United States so she may continue to receive treatment for her rare, life-threatening disease. The House passed...
EB-5 Regional Center Law is Being Extended!
Yea, after lapsing 8 months ago, it appears the EB-5 Regional Center law is being re-authorized, assuming it remains in the Budget Bill. This bill needs to be enacted by March 11, but Congress may extend the time a bit to March 15. If extended, which seems probable, it will...
Update on EB-5 Regional Center Program
As I explained in my last newsletter, the EB-5 Regional Center (not the Direct EB-5 program) statute lapsed on June 30, 2021. USCIS and the Department of State have frozen in place all I-526 and adjustment and immigrant visas. I-829 removal of conditional resident status may still be granted. I received...
Regional Center Reauthorization Postponed
The latest from Washington, D.C. indicates that the EB-5 Regional Center investor program will probably not be reauthorized until December 3, 2021. The Regional Center EB-5 program (not the direct EB-5 program) expired on June 30, 2021. It was hoped that the Regional Center program would be extended with the Budget...