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Category Archives: TEA

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By Robert Y. Maples˘ and on Posted in Department of Homeland Security, EB-5, EB-5 Modernization Rule, EB-5 Program, Immigration Reform, TEA

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 Nov. 21, 2019, DHS-issued final rule amending its regulations for the EB-5 program to purportedly modernize the rules (EB–5 Immigrant Investor Program Modernization, 84 Fed…. Continue Reading

By Kristen W. Ng on Posted in Department of Homeland Security, EB-5, EB-5 Business Plan, EB-5 Immigrant Investor Program, EB-5 Industry stakeholder groups, EB-5 Investment, EB-5 Job Creation, EB-5 Legislation, EB-5 Modernization Rule, EB-5 Program, EB-5 Project, TEA, USCIS

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, 2019.  Below is a summary of the changes that will impact the EB-5 program: Priority Date Retention: Generally, priority date retention can be retained from an approved I-526 petition… Continue Reading

By Laura Foote Reiff, , and on Posted in Department of Homeland Security, EB-5, TEA

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 preference (EB-5) immigrant investor classification and associated regional centers.  The purpose of the proposed amendments is to modernize the EB-5 program.  DHS will accept comments… Continue Reading

By Kristen W. Ng on Posted in Targeted Employment Area, 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 the program, including provisions for integrity measures, increased capital investment amounts, and provisions to redefine Targeted Employment Areas (TEAs). Under current law, a TEA is… Continue Reading

By Laura Foote Reiff on Posted in EB-5 Investment, EB-5 Program, TEA

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… Continue Reading

By Kate Kalmykov on Posted in EB-5 Program, TEA

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 and Economic Development announced the new policy earlier this week, which offers much-needed flexibility to the EB-5 program and encourages investment in the California. For… Continue Reading

By Kate Kalmykov on Posted in EB-5 Program, TEA

The newly formed California Governor’s Office of Business and Economic Development (GO-Biz) held a conference call today to provide EB-5 stakeholders with an update related to the issuance of Targeted Employment Area (TEA) designations in the state of California.  Specifically, the call was meant to formally announce that California would now provide customized TEA certifications for… Continue Reading