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EB-5 Insights

Where Government Policies and Business Realities Converge

Posted in Continuing Resolution (CR), EB-5, Government Shutdown

Late Friday (Jan. 19)  the U.S. Senate failed to pass the House of Representatives approved Continuing Resolution (or CR).  As of January 20th the federal government is in a shutdown.  It appears that the Senate will attempt another CR vote to extend vital programs, such as EB-5, through Feb. 8, 2018. This vote could come as early as January 21 or 22.   We will keep you posted on the status of the CR votes as they occur.

Posted in Continuing Resolution (CR), EB-5 Program

Late Thursday (Jan. 18), the U.S. House of Representatives approved a Continuing Resolution (or CR) to prevent a government shutdown and extend vital programs, such as EB-5, through Feb. 16, 2018. The House approved the measure mainly on party lines by a vote of 230-197. Six Democrats voted in favor of the CR with a majority of Republicans and 11 Republicans voted against the CR.

The legislative vehicle for the CR, H.R. 195, was transmitted to the U.S. Senate where it is the pending business. The U.S. Senate must act before 11:59:59 p.m. Friday or a possible government shutdown could occur.

We will update the legislative situation as events merit.

For more information on the Continuing Resolution, click here.

Posted in Department of Homeland Security, EB-5 Immigrant Investor Program, USCIS

On Jan. 17, The Center for Regulatory Effectiveness (The CRE), a Washington D.C. administrative watchdog group, filed a petition with the Department of Homeland Security to reform the EB-5 program to create jobs in rural America and areas of high unemployment.  In making the announcement, The CRE posted:

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Posted in Continuing Resolution (CR), EB-5 Program

Last night, House Appropriations Chairman, Rodney Frelinghuysen (R-NJ), filed a Continuing Resolution to extend government funding and to provide extension of authorities for programs, such as EB-5, on the House Appropriations website.  The Continuing Resolution, or CR, would extend government operations and the EB-5 program through Feb. 16.

The debate on the CR will be under active discussion in the Congress with House floor action likely this week prior to the expiration of the current CR at 11:59:59 Friday night.

For more information on the Continuing Resolution, click here.

Posted in Conrad 30 Waiver Program, E-Verify, EB-5 Program

By a vote of 231-188 on Dec. 21 (before the previous extension deadline of midnight on Dec. 22), the House passed the Senate amendment to H.R. 1370 extending Continuing Appropriations for government services and programs to Jan. 19.

Upon passage, H.R. 1370 was sent immediately to the Senate, where it passed by a vote of 66-32. The bill was presented to the president and on Friday, Dec. 22, he signed the measure into law.

This action extends government operations and programs until Jan. 19, including vital immigration programs such as EB-5, Conrad 30, E-Verify, and Religious Workers.

Posted in Firm News

Đội Ngũ EB-5 tại Greenberg Traurig chân thành cảm ơn tất cả các khách hàng, đồng nghiệp, và các thành viên trong ngành cho một năm 2017 thành công và một năm mới với nhiều thành tựu.”

Posted in Immigration, President Trump's Administration

Greenberg Traurig Laura Reiff, Co-Chair Business Immigration and Compliance, was recently quoted in the Bloomberg Law article, “Immigration Attorneys on Their toes in the Age of Trump.” The article discusses developments in immigration in 2017 and how attorneys are handling the new environment. Reiff expresses the importance of being proactive as immigration attorneys anticipate the changes. To read the full article, please click here.

Posted in EB-5, Events

Greenberg Traurig’s Jennifer Hermanksy and Kate Kalmykov, along with the AILA Conference Program Committee, recently presented at the 2017 AILA EB-5 Investors Summit in Las Vegas.  Hermansky presented on “Regional Center Investments: Understanding The Deal And The Capital Stack,” while Kalmykov presented on “Navigating The Requirements And Challenges In The I-829 Removal Conditions Process.”  The 2017 AILA EB-5 Investors Summit attracts both entry-level and seasoned EB-5 practitioners and professionals. The conference panelists address legal and policy analysis, compliance, due diligence, enforcement, and ethical considerations.

Jennifer Hermansky co-presents on Regional Center Investments