The American Job Creation and Investment Promotion Reform Act, S. 1501, was introduced in the Senate by Senate Judiciary Committee Chairman Charles Grassley (R- IA) and Senate Judiciary Committee Ranking
Continue Reading Section by Section review of The American Job Creation and Investment Promotion Reform Act, S. 1501 – EB-5 Reform Legislation
June 2015
New Report Validates the EB-5 Program as a Most Efficient Job Creation Program
A June U.S. Policy Metrics/Hamilton Place Strategies report Harnessing Private Capital For Job Creation: An Analysis Of The EB-5 Visa Program demonstrates the impact of the EB-5 visa program as a net job creator and budget-neutral catalyst for bringing private investment into the U.S. The report was commissioned by the EB-5 Investment Coalition (EB-5IC), a broad-based, bipartisan organization focused on reauthorizing and strengthening the EB-5 Regional Center Program. This report is authored by Steve McMillin, a partner at U.S. Policy Metrics and former deputy director of the White House Office of Management and Budget under President George W. Bush; Michael Solon, also a partner at U.S. Policy Metrics and former budget advisor to Senate Majority Leader Mitch McConnell (R-KY); and Matt McDonald, a partner at Hamilton Place Strategies and a former advisor to President George W. Bush.
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SEC Charges Two Businesses for Acting as Unlicensed Broker-Dealers in EB-5 sales
Yesterday, the U.S. Securities and Exchange Commission (SEC) ordered a US-based foreign finder operation to cease and desist from operation as an unlicensed broker-dealer. The charges are some of the…
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The 83rd U.S. Conference of Mayors in San Francisco Adopts Eb-5 Related Resolution
The United States Conference of Mayors conference hosted their 83rd Annual Meeting on June 19-22, 2015 in San Francisco, California. The EB-5 immigration investor program was included in the adopted resolutions of the organization as listed herein:
EB-5 IMMIGRANT INVESTOR PROGRAM
WHEREAS, EB-5 is the designation for the fifth employment-based preference immigrant visa category established by Congress in 1990; and
WHEREAS, Congress established the Immigrant Investor Pilot Program in 1992 to create Regional Centers which aid foreign investors, by directing and professionally managing their investments while concentrating pooled investments in defined distressed economic zones; and
WHEREAS, EB-5 allocates 10,000 visas annually to foreign investors and their families who invest at least $1 million (or $500,000 in a target employment area) which must generate at least 10 jobs; and
WHEREAS, EB-5 has become a vital source of urban redevelopment funds; and
WHEREAS, since 2008 over $8.6 billion has been invested in qualified American projects; and
WHEREAS, that investment has supported over 171,000 American jobs; and
Continue Reading The 83rd U.S. Conference of Mayors in San Francisco Adopts Eb-5 Related Resolution
USCIS Discontinues Electronic Processing of EB-5 Petitions
On June 16, 2015, USCIS announced the suspension of the USCIS Electronic Immigration System (ELIS) for Form I-526, Immigrant Petition by Alien Entrepreneur. Due to challenges with ELIS and in…
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Greenberg Traurig’s Kate Kalmykov Featured in The Real Deal
Greenberg Traurig attorney, Kate Kalmykov, was recently featured in The Real Deal article, EB-5: Who’s after China?, discussing new EB-5 investors in other countries.
Attorney Kate Kalmykov flew to …
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2015年7月签证公告:投资移民EB-5排期截止日期前进到2013年9月1日
Following is the Chinese translation of a previously published blog post:
美国国务院(DOS)7月签证公告给中国投资人带来一些好消息,EB-5投资移民签证中国申请人排期前进4个月,从2013年5月1日前进到2013年9月1日。
这一进展对关注查理•奥本海默有关职业移民签证截至日期预测的人来说,有些出乎预料。奥本海默是国务院签证处的主管,他曾预计6月份EB-5截至日期仍将维持在2013年5月1日。
尽管排期日期变化不大,中国大陆出生的EB-5投资人仍应该尽快提交I-526申请,因为排期的变动并不影响I-526 申请的审批。美国国务院根据优先日期或I-526申请提交的日期,确定等候时间。关于排期,您可以更多地阅读我们的博客。
Continue Reading 2015年7月签证公告:投资移民EB-5排期截止日期前进到2013年9月1日
July 2015 Visa Bulletin: Cutoff Date for EB-5 Retrogression Moves Forward to September 1, 2013
The Department of State’s (DOS) July Visa Bulletin brings some good news for China indicating that that the EB-5 immigrant visa category will advance by four months for China, from May 1, 2013 to September 1, 2013.
This development has come as a bit of a surprise to those of you who follow Charles (“Charlie”) Oppenheimer’s, chief of the Visa Control and Reporting Division at the DOS, predictions for employment-based cut-off numbers, who predicted that the EB-5 cut-off date imposed for May 1, 2013, would remain for June.
In light of this modest movement in the retrogression date, mainland-Chinese born EB-5 investors should continue to file I-526 Petitions as soon as possible because these developments have no effect on the adjudication of I-526 Petitions. DOS has created a waiting list based on the priority date, or the date an I-526 Petition is filed, which you can read more about on our EB-5 Insights blog here.
Continue Reading July 2015 Visa Bulletin: Cutoff Date for EB-5 Retrogression Moves Forward to September 1, 2013
Breaking News: Legislative Update on Bill S. 1501
Breaking News: legislative update on bill S. 1501 to authorize the EB-5 program by Greenberg Traurig advocate and EB-5 Investment Coalition founder, Laura Reiff. We encourage everyone to listen to …
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Greenberg Traurig’s Ian Macdonald Featured in Law360 Q&A
Greenberg Traurig Shareholder Ian Macdonald was interviewed for the Law360 Q&A to discuss his practice and what he believes to be on the horizon for immigration law. Macdonald identifies various…
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