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Today's Immigration Daily issue features several items of interest,including Articles, Blogging, and News about EB-5 Reauthorization, E-Verify Records, Temporary Protected Status for Burma Burmese F-1 Nonimmigrant Students, Designation of Burma (Myanmar) for Temporary Protected Status, Modifications and . Freeland repeated those concerns in her speech on Thursday. Senate Judiciary Committee Chairman Charles Grassley (R-Iowa) and Ranking Member Patrick Leahy (D-Vt.) have introduced S. 1501 (the "American Job Creation and Investment Promotion Reform Act of 2015"), which if passed, will reauthorize the EB-5 Regional Center (RC) program for another five (5) years, until September 30, 2020.It is important to understand that the bill is not actual law and . The US government filed a last-minute appeal against a federal court ruling that reversed Trump-era changes to the EB-5 Visa investment thresholds. Current rules regarding the EB-5 program have put processing on hold. | Article: 4 minutes to read. Among the many provisions included in the Omnibus is a bill to reauthorize the EB-5 Regional Center Program, which will be effective 60 days after President Biden signs it today. Form I-956 is the Application for Regional Center Designation. Reauthorization New EB-5 Law Most recent update: 4/21/2022 New Law and Policy H.R.2471 - Consolidated Appropriations Act, 2022 became law on March 15, 2022, and gives the Regional Center program a new five-year authorization starting after 60 days (May 15, 2022). The EB-5 regional center program will be reauthorized and would not require a subsequent reauthorization until 2027. Canada's Finance Minister Wants More Foreign Workers. Today, the House of Representatives has passed the $1.5T omnibus spending package which includes the EB-5 Reform and Integrity Act of 2022. By proposing to hotline the bill, Senators Grassley and Leahy are seeking a unanimous consent vote without debate. Form I-956 is required for Entities seeking to be designated as a regional center. Department of State has published the Report of the Visa Office 2021, including data for the number of EB-5 visas issued by country through consular processing and adjustment of status from October 2020 through September 2021. In the next couple of weeks, the United States Congress must reauthorize the federal EB-5 Regional Center program. For investors and industry stakeholders, that means prospects for EB-5 reauthorization have now been pushed back once more. Shortly before the program's sunset date, Sen. Chuck Grassley made a final attempt to reauthorize the program by seeking unanimous consent in the Senate for his EB-5 Reform and Integrity Bill. EB-5 Visa Reforms. In sum, through the present date, Congress has not taken any meaningful public action since late June in attempts to pass reauthorization legislation. The EB-5 Reform and Integrity Act represents the best chance for achieving that goal. Once the program is reauthorized, prospective investors will have a short window . For some EB-5 investors, original investments were used for project loans that are now maturing. USCIS Announces New EB-5 Regional Center Program. Many stakeholders hope that the EB-5 regional center will soon be attached to its continuing resolution, and the program will be reauthorized once again. Current rules regarding the EB-5 program have put processing on hold. Efforts to extend the EB-5 regional center program were shot down today in the Senate when Sen. Lindsay Graham (R-South Carolina) objected to unanimous consent. Today, the House passed a Continuing Resolution (CR) to fund the government, just one day shy of their deadline of December 3. . [ [To print the PDF on this page please use the print . The EB-5 Program lapsed for a short period of time at the end of 2018 because the government shut down. About a month ago, the USCIS updated its EB-5 website to issue an alert regarding the lapse of the EB-5 Regional Center . The Department of State estimates that there are approximately 9,000 extra visas available to EB-5 in FY 2022 (which are likely to disappear if not used by September 30, 2022). 2901) and Senate (S. 831), and if The Eb-5 Reform and Integrity Act is . On March 18 at 3 p.m. Industry responds to new rules. The CR is expected to be signed by the President . Reduced Minimum Investme The Integrity Act brings a 5-year reauthorization to the EB-5 . In a letter sent to the President yesterday, Grassley noted that the EB-5 program has "become riddled . New EB-5 Visa Reform Bill Introduced Today, introduced a bi-partisan bill to provide much needed reform and integrity to the EB-5 Regional Center Program (the "Program"). The following three tables summarize key data points for traditionally high-volume countries. In that bill, the minimum investment amount was set at $1,000,000 unless the project involved infrastructure or . CMB unequivocally supports the bill and looks forward to every opportunity to have the bill signed into law. We are reviewing the new legislation and will provide additional guidance. A snapshot of the Updates: The President Re-authorized the EB-5 Program on Tuesday with Favorable P rovisions. The EB-5 Reform and Integrity Act (S. 831) is the only EB-5 reauthorization proposal which currently exists. News; Sign up for our EB-5 Weekly newsletter. But how long . Several updates are planned for 203(b)(5) of the Immigration and Nationality Act (8 U.S.C. [Update, 3/11/22: Both the the Senate (yesterday) and The House of Representatives (on March 9 ) passed a continuing resolution on appropriations including the EB-5 revival and reform provisions. AIIA ( is a single-issue advocacy group representing existing EB-5 investors and has been active in industry advocacy discussions since its foundation in 2021. . With feet to fire, congressional lawmakers are feverishly working to get bipartisan, bicameral companion bills to reauthorize the EB-5 Regional Center Program ready for a U.S. Senate vote before the program's June 30 expiration date. Thanks to Senator Grassley and Senator Leahy's constant efforts in modifying the language of EB-5 reform and pushing for Regional Center (RC) reauthorization, as well as the strong fight that AIIA along with many other EB-5 organizations have put up, EB-5 RC is finally confirmed to be attached . Congress approves spending bill with five-year EB-5 reauthorization and major program changes. CMB Regional Centers' Analysis On The Reauthorization Of The EB-5 Regional Center Program March 11, 2022. Client Alert: EB-5 Reauthorization and Other Program Changes. Accordingly, the Program is in . The Regional Center EB-5 program (not the direct EB-5 program) expired on June 30, 2021. When this failed, he blamed moneyed interests that have long blocked EB-5 reform: Grassley Unanimous Consent Request on EB-5. The EB-5 Reform and Integrity Act of 2022 has officially been attached to the federal omnibus spending bill by the US House of Representatives, which is slated to be voted on and passed by House and Senate ahead of the March 11, 2022 deadline. The EB-5 Reform and Integrity Act, beginning on page 2609, initially extends the EB-5 program through September 30, 2027, and is to be renewed for 5-year periods thereafter, though the effective . Versions of the bill have been introduced to both the House (H.R. This means that there must be some must-pass legislation to which EB-5 regional center program reauthorization can be added. For new EB-5 investors, the minimum investment amount stands increased from $500,000 to $800,000 for investments in Targeted Employment Areas (TEAs) or infrastructure projects, and from $1,000,000 to $1,050,000 for investments in non-TEAs. President Biden signed the stop-gap bill. including EB-5 reform and the reauthorization of the Regional Center program. At that time, the Program was shut down for about 35 days from December 22, 2018 until January 25, 2019. Read more. In EB-5 Reauthorization News, USCIS released on May 13th 2022, the Form I-956 . Nutraceutical supply chain platform Nutrify Today raises $500,000 seed funding. It is anticipated that the program may be reintroduced as part of the Omnibus spending bill by September 30, 2021. This includes the creation of new. Update on EB-5 Reauthorization October 1st, 2021 Peter Bibler Government Shutdown Averted Today, Congress averted a government shutdown by passing a continuing resolution to fund the government through December 3, 2021, as Congress continues to negotiate the debt ceiling, budget and and spending priorities. China bars mainland brokers from promoting SPAC deals in Hong Kong -sources. This Act reauthorizes the EB-5 Regional Center Program, with significant changes; increases the minimum investment amount to $800,000 for . Vivek Tandon, Founder of EB5 BRICS said, "We are eagerly awaiting for the regional centers in our portfolio to file . including Fox Business News and Al Jazeera, and quoted in major newspapers, including the New York Times, Bloomberg and Axios. On 9/13/21 and 9/14/21, AILA sent a letter to members of Congress urging immediate reauthorization of the EB-5 Regional Center Program, including Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Pelosi, and House Minority Leader Kevin McCarthy. By Anayat Durrani. EB-5 investors are required to keep capital invested until their visa applications have been processed. (a) Repeal.—Section 610 of the Departments of Commerce, Justice, and State, . The House published the text of the Omnibus early today. June 24th, 2021. A decision on January 5, 2022 by the Department of Homeland Security (DHS) to drop an appeal hopefully provides some clarification to confusion and uncertainties about the minimum required investment caused by a June 22, 2021 Federal Court Decision. Under the new legislation, EB-5 visas shall continue to be made . "Again, Congress kicked the can down . Senator Chuck Grassley (R-Iowa), Ranking Member of the Senate Judiciary Committee, and Senator Patrick Leahy (D-Vt.), a senior member and former chairman of the Judiciary Committee, today introduced the EB-5 Reform and Integrity Act of 2021 (the Integrity Act). "A developing country and economy necessitate an expanding . The latest from Washington, D.C. indicates that the EB-5 Regional Center investor program will probably not be reauthorized until December 3, 2021. Now, the EB-5 might be re-authorized next month, February 2022. Mar 9 - Immigration in Omnibus. As a clue about what to expect, simply look at the American Job Creation and Investment Promotion Reform Act of 2015, a bill Senators Grassley and Leahy co-authored 6 years ago in an attempt to reauthorize the EB5 program. Presented by Republican Senator, Chuck Grassley, and Democratic Senator, Patrick Leahy, the EB5 Reform and Integrity Act of 2021 calls for the reform and reauthorization of the EB5 . In the past the EB-5 program was essentially guaranteed to be reauthorized, as reauthorizing the program was tied into Federal budget legislation. Support this work for $1 a month. In a recent tweet, the American Immigrant Investor Alliance (AIIA) declared, "It is our great pleasure to announce that the EB-5 Regional Center program will be reauthorized with the Omnibus on. 1153(b)(5)). The lawsuit has been filed against However, there is some good news around the corner. Dear EB-5 Clients and Strategic Partners, I write today to provide you with an update on the EB-5 Regional Center Program (the "Program"), the authorization of which has been lapsed since July 1, 2021. at approximately 3:00 am et today (march 9th), the u.s. house of representatives filed the omnibus spending bill (full text here) that will avoid a government shutdown, provide valuable resources to federal programming, and most importantly for our community, will reauthorize the eb-5 regional center program (see division bb — eb-5 reform and … See the text of the Act below and read two analyses of this important legislation by authors Robert Divine and Steve Yale-Loehr in separate articles below. Beginning January 1, 2027 and every five years thereafter, the investment limits will be hiked. While the news on the EB-5 investor visa appears promising, Congress has still failed to reauthorize the EB-5 regional center program beyond its June 30, 2021, sunset date. EB-5 Regional Center Program To Be Reauthorized for 5 Years. The program will be in effect through Sept. 30, 2027. Senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vt.) established the bipartisan EB-5 Reform and Integrity bill to pass into law before June 30, 2021. The bill, titled the "EB-5 Reform and Integrity Act of 2021" provides long-term reauthorization and reform to the Program. Today, introduced a bi-partisan bill to provide much needed reform and integrity to the EB-5 Regional Center Program (the "Program"). Once the program is reauthorized, prospective investors will have a short window . In this Article we will provide more details about . WASHINGTON - Senate Judiciary Committee Chairman Chuck Grassley urged President Trump to press for finalization of regulations that would restore integrity to the EB-5 Visa Regional Center program and constrain the rampant fraud, abuse and national security vulnerabilities it presents.. For investors and industry stakeholders, that means prospects for EB-5 reauthorization have now been pushed back once more. President Biden approved a stopgap spending bill today, delaying a government shutdown and funding the federal government through February 18. Higher Ground Education School Funds (Equity) EB-5 investors should know this dismissal does not impact the two biggest issues in EB-5, that is the Regional Center reauthorization, or whether USCIS will continue to hold pending Regional Center I-526s or I-485s in abeyance until reauthorization. WASHINGTON, March 18, 2022 /PRNewswire/ -- As of Tuesday the President has signed and approved the FY2022 Omnibus Appropriations Bill which includes updates to the EB-5 program. 2471, which included, among other things, the EB-5 Reform and Integrity Act of 2022. We hope to have some news on these two issues soon, so stay posted. . Even though many expected Congress to pass an appropriations bill that would have funded the government's activities for the 2022 fiscal year, a bipartisan consensus on the bill was not reached before the December 3, 2021 deadline. Last December, the reauthorization of the EB-5 Regional Center program was purposefully detached from the annual appropriations bill in order to force discussions about program reform. Read. — Check out our EB-5 Playlist: The EB-5 Regional Center Program will be renewed through FY2027 in legislation passed . It is also possible that the deadline will be extended for another 2-3 months. Set Up A New EB-5 Regional Center; SEARCH FOR EB-5 REGIONAL CENTERS BY PROJECT ADDRESS. EB-5 Regional Center Affiliation: Benefits and Process; Set Up a New EB-5 Regional Center. The program. The EB-5 Reform and Integrity Act reauthorizes the program through 2026 and provides additional transparency and integrity measures to improve accountability of applicants, Regional Centers, and their economic development projects. March 18, 2021. For new EB-5 investors, the minimum investment amount stands increased from $500,000 to $800,000 for investments in Targeted Employment Areas (TEAs) or infrastructure projects, and from $1,000,000 to $1,050,000 for investments in non-TEAs. By Anayat Durrani. Main Business / Finance News Today. Answers to reauthorization questions. Nutraceutical supply chain platform Nutrify Today raises $500,000 seed funding. The legislation is heavily based on the Grassely-Leahy bill which LCR has supported for the last two years. There isn't much time left to get a final bill worked out with the Senate adjourning this week. Main Business / Finance News Today. MUMBAI: Behring Co, a real estate developer and the operator of the Behring Regional Center, has filed a lawsuit, which claims that the federal agencies are exceeding their authority by unilaterally cancelling the EB-5 Regional Center Program after June 30, 2021. As, say, a preschool or a fast food business to be eligible for the EB-5 visa. EB-5 Investor Visa Update January 10, 2022. The EB-5 Regional Center program has been reauthorized after a nearly nine-month lapse with President Joe Biden's signature today, passing the Consolidated Appropriations Act of 2022 into law. Congress About to Pass a Reformed Version of EB-5 Re-authorization. This approval . We are optimistic that the reauthorization will happen in February 2022. President Biden approved a stopgap spending bill today, delaying a government shutdown and funding the federal government through February 18. We have clients that are actually doing a plan B, where they have an I-526 approved. "Again, Congress kicked the can down the . By Greenberg Traurig, LLP on March 17, 2022. Dec 20, 2021. After 8 long months of waiting, EB-5 Regional Center is confirmed to come back on (TUE) MARCH 15TH! It contains the "EB5 Reform and Integrity Act of 2022" which radically transforms the EB5 program. With the recent repeal of the 2019 EB-5 modernization regulations, minimum investment requirements have been dropped back down to $500,000. The EB-5 immigrant investor program, popularly known as the U.S. Golden Visa, has allowed for investors and their immediate families to immigrate to the U.S. for over 30 years. Statutory authorization for the EB-5 Immigrant Investor Regional Center Program lapsed on June 30, 2021. U.S. Immigration Fund Announces the Reauthorization of the EB-5 Immigration Regional Center Program.. WASHINGTON, March 17, 2022 /PRNewswire/ -- As of Tuesday the President has signed and approved . If passed, the minimum EB-5 investment amount would increase to a possible $800,000 from the current $500,000 for Targeted Employment Areas and Rural Areas and $1.05M from the current $1M for. June 25, 2021 EB-5 News Court Vacates 2019 EB-5 Modernization Regulations - Minimum Investment Lowered to $500,000 What Is The Future Of Eb-5? 2 Min. May 25 - EB5 Reauthorization, Burma TPS. 2 Min. DIRECT EB-5 PROJECTS — AVAILABLE TODAY AT $800K & $1.05M. The recent legislation introduced a number of changes, including expanding designations for Target Employment Areas (TEAs) and increase investment amounts for EB-5 . To print this article, all you need is to be registered or login on Mondaq.com. On March 15, 2022, the President signed into law H.R. It was hoped that the Regional Center program would be extended . ET please join Laura Reiff, co-chair of Greenberg Traurig's Immigration & Compliance Practice and co-managing shareholder of the Northern Virginia Office, Philadelphia Shareholder Jennifer …. Changes to Investment Amounts For projects located in targeted employment areas (TEAs), the minimum investment amount will be increased to $800,000. Read. However, last year Congress ended this practice, only renewing the EB-5 program until June 30, 2021. Mona . [1] So, although approximately 3,000 visas will be taken out of the main queue, up to 9,000 may be added back in. If signed into law, this amendment will make significant improvements to the EB-5 program and reauthorize the Regional Center program for five years.. As of this date, the most likely vehicle is the continuing resolution to fund the government, the date for which has been extended from December 3 . On March 15, President Biden signed a law that includes authority for an EB-5 Immigrant Investor Regional Center Program and various implementation effective dates for the program. December 3rd, 2021. Nonetheless, majority analysts believe . . View List of Potential Regional Center Sponsors; Projects. It is anticipated that the program may be reintroduced as part of the Omnibus spending bill by September 30, 2021. R ULEMAKING.—Not later than 270 days after the date of the enactment of the EB-5 Reform and Integrity Act of 2021, . For projects not located in TEAs, the minimum investment amount will be $1,050,000. EB-5 Regional Center Program To Be Reauthorized for 5 Years. Support migrant centric journalism today and donate. Regional Center Reauthorization Postponed. Or they're pending the I-526 petition based on our EB-5 Regional Center Investment and they want to have a plan B in . The bipartisan bill supports the long-term reauthorization and reform of the EB-5 Regional Center Program. Substantial changes are forthcoming for the EB-5 Immigrant Investor Program. Reauthorization for the EB-5 Regional Center Program has been postponed until at least February 18, 2022. China bars mainland brokers from promoting SPAC deals in Hong Kong -sources. He regularly works with developers across a variety of industries, as well as private equity funds on developing new projects that qualify for EB-5 investments. The EB-5 Reform and Integrity Act, beginning on page 2609, initially extends the EB-5 program through September 30, 2027, and is to be renewed for 5-year periods thereafter, though the effective . By David North on March 9, 2022. In our first webcast of 2022, Carolyn Lee is joined by Shawn Gehani and Rajvir Batra, principals of the American Immigrant Investor Alliance (AIIA). About a month ago, the USCIS updated its EB-5 website to issue an alert regarding the lapse of the EB-5 Regional Center . The bill, titled the "EB-5 Reform and Integrity Act of 2021" provides long-term reauthorization and reform to the Program. New EB-5 legislation is a big win for rural businesses, communities, and investors. Thus, in the first year, the effect is negligible. Omnibus, roughly translated, means "for all." And the Omnibus legislation was created to help allocate money for all discretionary government spending. As of June 2021, the EB-5 investment thresholds will be $500,000 for projects in TEAs and $1,000,000 for projects outside TEAs. Posted in Biden Administration, EB-5 Legislation, EB-5 Program, Events. The report discloses for the first time that between January 2013 and 2015, the SEC received more than 100 "tips, complaints and referrals of possible securities fraud" connected to the EB-5 . Without immediate reauthorization of this . Politics & Policy. Reauthorization and reform of the Regional Center Program. The minimum investment level for the EB-5 visa remains at $500,000 for now, but the appeal is a clear signal the Biden administration is intent on increasing the price. Beginning January 1, 2027 and every five years thereafter, the investment limits will be hiked. Under the program . Since January, the EB-5 industry has been calling for legislation to secure a long term reauthorization of the program. A bipartisan bill aiming to reform the US EB5 investor visa program has been introduced in the US Congress. According to the immigration minister's levels plan, Canada expects to accept 431,645 permanent immigrants this year, 447,055 the next year, and 451,000 in 2024. Reauthorization of the EB-5 Program. Most successful eb-5 regional centers EB-5 regional center program renewal NO REAUTHORIZATION FOR THE REGIONAL CENTER PROGRAM IN DECEMBER 2021 On December 3rd, 2021, President Joe Biden approved a stopgap spending bill, delaying a government shutdown as well as funding the federal government all the way through February 18, 2022. The process requires each Senator to use special hotlines in their offices to phone-in their objection to the bill .