Congress is poised to extend the EB-5 Regional Center Program through Sept. 30, 2017, without any changes. The House Appropriations Committee submitted a proposal on Continuing Appropriations in the early morning of May 1, 2017. We expect the Omnibus Appropriation bill to proceed to House Rules Tuesday, May 2, with a vote on the House floor… Continue Reading
Greenberg Traurig’s EB-5 team will sponsor and participate as an organizing committee member of the 2017 Invest in America Summit and Exhibition, the largest USA-themed investment conference and exhibition in China, with attorneys Kate Kalmykov and Laura Reiff as VIP speakers. The Summit will travel to four Chinese cities in 2017. Event dates and locations… Continue Reading
Laura Reiff provided a briefing on Capitol Hill to new members and staff of the 115th Congress on Thursday, February 23, 2017. Laura discussed the impact on the business of immigration and the need for policy reforms. Please visit the National Immigration Forum for additional information.
On Jan. 24, 2017, Senators Grassley (R-IA) and Feinstein (D-CA), the Chair and Ranking Committee members of the Senate Judiciary Committee introduced bill S. 232 to terminate the EB-5 Visa Program and to reallocate the employment creation visas to the other employment-based visa classifications. The bill would eliminate both the direct and regional center program… Continue Reading
Greenberg Traurig’s EB-5 Team recently attended the EB-5 Investor Magazine Conference in Las Vegas, NV. The 2016 Las Vegas EB-5 Conference remains one of the largest EB-5 conferences, hosting hundreds of leaders and political figures in the EB-5 legislation field, as well as other professionals. Laura Reiff, along with U.S. House Representative Jared Polis and other panelists, discussed… Continue Reading
On Jan. 9, the Office of Management and Budget (OMB) published a notice that, as of Jan. 6, it had completed its review a proposed rulemaking that the Department of Homeland Security (DHS) United States Citizenship and Immigration Services (USCIS) had drafted to make changes to the current regulations as they relate to the EB-5… Continue Reading
Laura Reiff, co-chair of Greenberg Traurig’s Business Immigration & Compliance practice, was recently recognized as a Law360 2016 Immigration MVP. Three other GT attorneys were also recognized as MVPs: Lori G. Cohen in the Trials category, Paul M. Seby in the Environmental category, and Rick L. Shackelford in the Food & Beverage category. Greenberg Traurig was recognized as one of… Continue Reading
Greenberg Traurig attorney, Laura Reiff, recently presented at the Wailian 2016 Overseas Investment Seminars in Qingdao and Guangzhou, China. Among the hundreds of attendees and distinguished presenters was former Ambassador Gary Locke. During this two-day conference, Reiff provided an analysis and predictions for potential changes to and the extension of the EB-5 program.
Yesterday, the leading EB-5 Trade Associations/Coalitions sent a letter to the Senate and House Judiciary Committee Leaders and Members expressing support for extending the EB-5 Regional Center Program and recommending concrete changes. This is a decisive moment for the EB-5 Industry as the key members of the community are all speaking with one voice This… Continue Reading
EB5Investors Magazine has profiled five attorneys from Greenberg Traurig, LLP in its list of the “Top 25 Immigration Attorneys in the EB-5 Industry.” Kate Kalmykov, Laura Reiff, Bruce Rosetto, Jennifer Hermansky, and Dillon Colucci were selected through a combination of community member votes, input from the editorial board, and analysis from the EB5 Magazine in-house… Continue Reading
The EB-5 Investment Coalition will be hosting a legislative workshop in Washington, D.C. from April 12 to April 14, 2016, in order to continue the Coalition’s efforts to build the path to long-term EB-5 Regional Center Program Reauthorization. The legislative workshop will include interactive and thoughtful roundtable discussions with experts in the EB-5 industry who will confront some… Continue Reading
Greenberg Traurig Attorneys, Kate Kalmykov and Laura Reiff, were honored to again receive the “Summit Ambassador Award” awarded by Invest in America during the summit in Shanghai on March 11-13.
Greenberg Traurig’s EB-5 Team recently attended the EB-5 Investor Magazine Conference in Las Vegas, NV. The 2016 Las Vegas EB-5 Conference was one of the largest ever, hosting hundreds of leaders and political figures in the EB-5 legislation field, as well as other professionals. Laura Reiff, along with U.S. House Representative Jared Polis and other panelists, discussed EB-5… Continue Reading
Greenberg Traurig was proud to support and attend the China General Chamber of Commerce Chinese Lunar New Year of Monkey Celebration Gala in New York City. Shareholder Kate Kalmykov served on the organizing committee for this year’s gala. Hundreds of guests within the Chinese and U.S. Business communities attended to support the CGCC and their… Continue Reading
Laura Reiff and Matthew Virkstis recently authored an article on EB5investors.com’s blog entitled “The Path to Reauthorization of the EB-5 Regional Center Program in 2015.” The article addresses immigration policy and politics in the 113th and 114th Congresses and the 2015 Reauthorization of the EB-5 Regional Center Program To read the full article, please click here.
On December 17, 2015, two days after Senate and House leadership recommended a “clean” extension of the EB-5 program until September 30, 2016, Senator Flake (R-AZ), with Senator Cornyn (R-TX) and Senator Schumer (D-NY), introduced S.2415, the “EB-5 Integrity Act of 2015.” This is the first new piece of EB-5 reform legislation introduced since the… Continue Reading
Greenberg Traurig attorneys Laura Reiff and Kate Kalmykov recently attended and presented at the 2015 China Overseas Investment and Entrepreneurship Summit (COIES) Forum in Beijing. This two–day international investment and business conference featured leading EB-5 industry professionals and Chinese private equity partners seeking international opportunities. The conference aimed to help Chinese companies, entrepreneurs, and institutional… Continue Reading
昨天美国国会通过了联邦政府预算临时拨款议案，其中包括对EB-5区域中心计划短期延续至2015年12月11日。我们在9月14日曾写过对EB-5区域中心项目重新授权的前景预测。点击查看文章详情 今天国会通过的持续决议（continuing resolution）包含EB-5项目， 也同时包含E-Verify, the Conrad-30 Waiver项目，和非神职宗教工作者 (Non-Minister Religious Worker) 签证项目。这项持续决议将会暂时延续上述四项项目至2015年12月11日。议案113章规定了拨款时限，113章明确写出延续EB-5项目。 近几个月来，许多人都为EB-5区域中心去留问题颇感担忧。因为国会准备对EB-5进行改革，所以9月30日成为了一个通过区域中心投资移民申请者递交文件的硬性截止日期。因为复杂的立法过程可变因素很多，I-526投资者申请和范例申请(exemplar petition)一样，加速赶在9月30日“过期”前递交材料，也是合理的考虑。 但EB-5利益相关者目前需要考虑的一个重要问题是，为什么9月30日之前被定为截止日期。比如，国会从未就是否“让区域中心过期而不再授权”这个可能性有过任何正式讨论。从国会立法者提出的议案来看，EB-5区域中心最终会进行改革。在接下来的几个月中，利益相关者需要用这个机会，对于如何能使改革有效进行，以何种方式支持就业岗位创造，及哪些产业将会加入等问题，进行意见交流。 现在国会已经明确暂时延续EB-5项目至12月初，我们仅希望实质性改革和合理的过渡日期尽快相继出台。这样能使投资者、区域中心和通过投资创造就业岗位的项目能够在可预料 、稳定的情况下顺利进行。
Today the U.S. Congress passed a government funding bill containing a short-term extension of the EB-5 Regional Center Program through December 11, 2015. We wrote previously about the EB-5 Regional Center Program’s prospects for reauthorization in a post on September 14. The bill, known as a continuing resolution, contains an extension for the EB-5 Program along with extensions… Continue Reading
The Government Accountability Office (GAO) recently reviewed the risks and economic benefits of the EB-5 program. The report addresses several challenges related to the EB-5 program that have been highlighted in recent years, and which are addressed in legislation currently pending in Congress. The congressional requesters asked the GAO to examine the following: The extent to which… Continue Reading
The EB-5 Immigrant Investor Program is scheduled to expire September 30, and with Congress on recess, many attorneys want to be sure when they return it is a priority on their “to-do list.” According to Law 360, the program is popular amongst Chinese investors and real estate developers as it provides green cards to foreign… Continue Reading
EB-5 Investors magazine hosted a conference earlier this week focusing on keeping the EB-5 Immigrant Investor Program a priority for lawmakers before it expires on September 30. Laura Reiff, co-chair of Greenberg Traurig’s Business Immigration & Compliance Practice, is the executive director for the EB-5 Investment Coalition and was a panelist at the event. In… Continue Reading
On July 29, Representative Zoe Lofgren, Ranking Member of the House Judiciary Committee, Subcommittee on Immigration and Border Security, and Representative Luis Gutiérrez introduced H.R.3370, the Entrepreneurial Business Creating Jobs Act of 2015 to permanently reauthorize and reform the EB-5 Regional Center Program. Representative Lofgren’s sectional summary can be found here. The legislation provides visas… Continue Reading
On Sept. 28, 2012, just two days shy of its expiration, the EB-5 Regional Center Program was extended for three years when President Obama signed S.3245 into law. The bill was sponsored by Senator Patrick Leahy, and cosponsored by Senators Grassley, Kohl, Hatch, Rubio, Schumer, Lee, Conrad, and Collins. It had no short title, listed… Continue Reading