USCIS Provides Guidance As EB-5 Regional Center Program Lapses on June 30, 2021

The EB-5 Immigrant Investor Regional Center Program will expire on June 30, 2021, unless Congress reauthorizes it. A lapse in authorization does not affect EB-5 petitions filed by investors who are not seeking a visa under the Regional Center Program. USCIS will reject Form I-924 and I-526 received on or after July 1, 2021, related to the regional center program. Further, USCIS will not act on...

Approval of Previously Denied EB-5 due to “Indebtedness”

In response to the class action lawsuit (Zhang v. USCIS),  USCIS provided certain relief to EB-5 investor clients who were adversely affected by USCIS’s “loan proceeds” policy. Under this policy, the Immigrant Investor Program Office (“IPO”) classified loan proceeds as “indebtedness” instead of "cash" and therefore denied the I-526 petitions of EB-5 applicants who invested...