On Nov. 12, 2025, a federal court determined that USCIS unlawfully increased EB-5 filing fees without completing a fee study that was required to be completed under the EB-5 Reform and Integrity Act of 2022 (RIA). The RIA, passed in April 2022, required USCIS to complete a fee study and to set USCIS filing fees according
On Sept, 25, 2025, U.S. Citizenship & Immigration Services (USCIS) began issuing Notices of Regional Center Termination (the Notices) to EB-5 investors whose investments were made through Regional Centers that failed to comply with the EB-5 Reform and Integrity Act of 2022 (RIA). By way of background, USCIS terminated the designation of many approved Regional
On July 29, 2025, the U.S. District Court for the District of Columbia declined to intervene in the ongoing dispute over the EB-5 investment sustainment period, leaving current U.S. Citizenship and Immigration Services (USCIS) guidance in effect and confirming that formal regulations clarifying the EB-5 Reform and Integrity Act (RIA)’s requirements are expected to be
In this episode of GT’s Immigration Insights series, host Kate Kalmykov is joined by Jill Jones, Head of Specialty Administration/General Counsel US, JTC, to discuss the EB-5 Reform & Integrity Act of 2022; how the post-RIA fund administrator is different from pre-RIA; the value of a fund administrator in EB-5 securities offerings; and the need
In this episode of GT’s Immigration Insights series, host Kate Kalmykov is joined by GT colleague Jennifer Hermansky to discuss USCIS regional center audits, including an introduction of the RIA 2022, site visits, and debarment procedures for bad faith actors.
In this episode of Greenberg Traurig’s Immigration Insights series, host Kate Kalmykov is joined by James Sozomenou, Co-Head of Metropolitan Commercial Bank’s EB-5 Private Client Group, to discuss an overview of EB-5 and new integrity measures in the RIA. Together, they highlight how the RIA impacts services banks offer to regional centers, working with
GT Immigration & Compliance Practice Co-Chair Kate Kalmykov spoke during a recent webinar on the EB-5 industry’s future, explaining that changes to the RIA to tighten oversight of regional centers have contributed to rising costs for operators. These comments are referenced in a Nov. 21 Law360 article, “EB-5 Experts Eyeing 4 Suits For Needed
As the 2024 federal fiscal year concludes, the U.S. Department of State (DOS) has released its highly anticipated October 2024 visa bulletin, ushering in the start of federal fiscal year 2025 and, with it, new immigrant visa numbers. For intending immigrants with backlogged priority dates, the annual influx of new immigrant visa numbers often offers
Under the EB-5 Reform and Integrity Act of 2022 (RIA), designated EB-5 regional centers must make an annual payment into the EB-5 Integrity Fund. The annual fee is $20,000 for each regional center, except for those with 20 or fewer total investors in the preceding fiscal year (Oct. 1–Sept. 30) in its new commercial
The U.S. State Department and U.S. Citizenship and Immigration Services announced that they have issued all legally available visas in the unreserved EB-5 Immigrant Investor Program categories for Fiscal Year 2024. Embassies and consulates have been directed to not issue immigrant visas in these categories until the new fiscal year (FY 2025) starts on Oct.