Greenberg Traurig’s EB-5 team would like to thank our clients, colleagues, and fellow EB-5 industry members for another successful year. We look forward to working with each of you in
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President Trump Signs Appropriation Packages Extending Vital Programs Like EB-5 and Preventing a Government Shutdown
On Dec. 20, 2019, President Trump signed H.R. 1865, an eight-bill appropriations bill that extends the vital EB-5 program until Sept. 30, 2020, among other things. The president also signed
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Congress Releases 12-Bill Funding Package to Extend Vital Programs Such as EB-5 and to Prevent a Government Shutdown
On Dec. 16, Congressional leaders negotiated and debuted a $1.37 trillion spending package to fund the operational needs of the country and extend vital programs such as EB-5.
The massive
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Greenberg Traurig’s Kristen Walker Ng Honored as 2019 National Law Review ‘Go-To Thought Leader’ on Immigration
Based on an analysis of more than 100,000 legal news articles, legal publisher The National Law Review (NLR) recognized Kristen Walker Ng, an associate in Greenberg Traurig LLP’s Immigration
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EB-5 Final Rule Challenged in U.S. Federal District Court
On Nov. 26, 2019, a complaint for Injunctive Relief and a Temporary Restraining Order was filed by Florida EB-5 Investments, LLC against the Department of Homeland Security (DHS) challenging a
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The Department of State (DOS) December 2019 Visa Bulletin Released
In the EB-1 category, the Dates of Filing is now current for all countries of chargeability except for China and India. For November, USCIS allowed I-485 filings based on Dates of Filing rather than Final Action dates; however, EB-1 was retrogressed for all categories, allowing only certain applicants to file. USCIS has not issued the December 2019 calendar or confirmed if it will follow Dates of Filing or Final Action. If USCIS continues to abide by the dates of filing calendar, many EB-1 candidates will be able to finally file their I-485/Adjustment of Status applications. For EB-1 Final Action dates, there was slight movement.
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EB-5 Update – New Regulations to Take Effect and Regional Center Program to be Extended Through Dec. 20, 2019
The EB-5 Regional Center Program was set to expire on Nov. 21, 2019. On Nov. 18, Congress introduced a Continuing Resolution (CR) to fund the government and extend vital programs such as EB-5 through Dec. 20, 2019. Leaders hope to use the additional time to extend current operations and complete fiscal matters and other priorities before the holidays. There is an ongoing effort to include new EB-5 legislation in a legislative vehicle in December.
New EB-5 regulations published on July 24, 2019, as final will take effect Nov. 21, 2019. There is no additional phase-in for these regulatory changes. Some of the key changes listed below will immediately impact the EB-5 program:
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Washington EB-5 Update
As a reminder to our readers, the Obama-era EB-5 Regional Center regulations – see July post for details – go into effect Nov. 21, 2019. USCIS has published a webpage
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House Introduces Continuing Resolution Funding Government, Including Vital programs such as EB-5
On Nov. 18, Congressional Appropriation leadership introduced a 26-page Continuing Resolution (CR) to fund government and extend vital programs such as EB-5 through Dec. 20, 2019. Leaders hope to use
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Comprehensive EB-5 Modernization Legislation Introduced in the U.S. Senate
Today, Senators Graham (R-SC), Rounds (R-SD) and Cornyn (R-TX) introduced the “Immigrant Investor Program Relief Act” (S. 2778, the Act) proposing long overdue improvements to modernize the EB-5 program in
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