Kate Kalmykov, Co-Chair of Greenberg Traurig’s Immigration and Compliance Practice, recently appeared on the Voice of EB-5 podcast for an in-depth discussion with host Ali Jahangiri on herContinue Reading Kate Kalmykov Presents the ‘Top EB-5 Issues and the Attraction of Rural TEAs’ on the Voice of EB-5 Podcast Hosted By EB-5 Investors Magazine
What Does the New I-956 EB-5 Regional Center Designation Process Mean for Regional Center Investors?
The new Form I-956 and I-956 H contain a series of certifications and detailed personal information requirements with respect to the integrity and backgrounds of the owners, operators, and officers…
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Federal Court Decision Strikes Down $900,000 EB-5 Investment Threshold
As discussed on this blog previously, a lawsuit challenging certain EB-5 regulations was successful on June 22, as Magistrate Judge Jacqueline Scott Corley of the U.S. District Court for…
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Biden Executive Order Affirms Deference Policy Including EB-5 Cases
President Biden’s Executive Order, “Restoring Faith in Our Legal Immigration Systems and Strengthening Integration and Inclusion Efforts for New Americans,” promotes the efficient and fair adjudication of 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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EB-5 Regulations Summary
As previously blogged (see EB-5 Regulations Published for Public Inspection), the EB-5 regulations have been published as of July 24, 2019, as final, to take effect Nov. 21,…
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Summary: Notice of Proposed Rule for the EB-5 Immigrant Investor Program
The Department of Homeland Security (DHS) has issued a notice of proposed rulemaking to be published on January 13, 2017 to amend the regulations in relation to the employment-based, fifth…
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Economic Impacts of S. 1501’s Redefinition of TEA
Two members of the Senate introduced The American Job Creation and Investment Promotion Reform Act, S. 1501, in June 2015. The bill has many provisions seeking to provide reform to…
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House Member Introduces Bi-Partisan Immigration Legislation to Enhance and Augment the EB-5 Regional Center Program
On March 6, 2014, Representative Jared Polis (D-CO), along with Representative Joe Garcia (D-FL), Representative Matt Salmon (R-AZ) and Representative Mark Amodei (R-NV), introduced The American Entrepreneurship and Investment Act of 2014. A copy of the bill and an official Section by Section overview have been made available.
The legislation would, among the other items listed below, make the Regional Center program permanent and improve the program by addressing key administrative and substantive concerns. Some of the specific proposals in the bill include:
- Improved definition of Targeted Employment Area (TEA) designations
- Codifies the current TEA designation authority, which leaves such designations up to the states, which are best equipped to determine local employment needs. This is consistent with USCIS’s May 30, 2013 “EB-5 Adjudications Policy (PM-602-0083);
- Lowers the minimum capital investment required from $1,000,000 to $500,000; and
- Expands the TEA designation for areas where a military installation was closed and where a State or the Federal government has designated an area as an economic development incentive program.
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California Announces New TEA Policy
Jennifer Hermansky and James Cormie published an article on EB-5 Visa Blog outlining the state of California’s recently updated TEA (Targeted Employment Area) Policy. The California Governor’s Office of Business…
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