Tuesday, July 11, 2017

Republican senators want to roll back Obama proposal to increase investment amounts

See

https://therealdeal.com/?p=2132990

This feels different

Since I became involved in the EB-5 Program in 2006, the regional center part of the program has been extended five or six times.  This makes the regional center program the oldest pilot program in federal government, despite the fact that USCIS removed the word "pilot" from the name of the program. That agency cannot create a new reality for the regional center program.

Most extensions were for three years, but that has changed.  Most recently, Congress extended it (through a continuing budget resolution) from December 2016 to April 28, 2017. Then it was extended to September 30. I want to inform you that I think this time is different.

There is Sens. Grassley and Feinstein's bill to termiate the EB-5 Program altogether. There are increasing numbers of SEC fraud cases. There are more members of Congress who believe that the federal government is engaged in "selling citizenship", ignoring the program's stated goal of creating U.S. worker jobs.

So this time it feels different. I don't want anyone to panic, but I do think I will devote extra effort to close the open EB-5 projects in my regional center before September 30.

Tuesday, May 23, 2017

USCIS releases EB-5 visa case processing times report

Dated March 31, 2017, USCIS released processing times for EB-5 visa related petitions today (May 23). The news is bleak and reflects slower processing even as the agency hires new employees and trains them. The Immigrant Investor Program Office has provided no comment on the slow pace of EB-5 petition processing. The report is below:

I-526 petitions for alien entrepreneurs are being processed as of Sept. 20, 2015

I-829 petitions for alien entrepreneurs to remove conditions are being processed as of Oct. 12, 2014

I-924 applications for regional center designation are being processed as of Sept. 16, 2015

I was once told by a former employee of the Ombudsman's Office at the Department of Homeland Security that visa case processing (no matter which visa program one specifies) slows as more employees are hired and trained for that visa program.  That sounds counter-intuitive, but it is true.

Wednesday, April 12, 2017

Tuesday, March 21, 2017

USCIS Message: EB-5 Regional Center Compliance Audits

Dear Stakeholder,

U.S. Citizenship and Immigration Services (USCIS) announces the launch of an EB-5 Regional Center Compliance Audit Program.  Regional center compliance audits are an additional way to enhance program integrity and verify information in regional center applications and annual certifications. These audits will verify compliance with applicable laws and authorities to ensure continued eligibility for the regional center designation.
For example, the audit team:
  • Reviews applications, certifications, associated records, and information on the regional center;
  • Verifies supporting documents, submitted with the application(s) and in the annual certification(s);
  • Conducts site inspections; and
  • Interviews personnel to confirm the information provided with the application(s) and annual certification(s).
You can read additional details on the program on our Regional Center Compliance Audit page.  Read more about the EB-5 program online at uscis.gov/EB-5.

Sincerely,

USCIS Public Engagement

USCIS Message: EB-5 Regional Center Compliance Audits

Dear Stakeholder,

U.S. Citizenship and Immigration Services (USCIS) announces the launch of an EB-5 Regional Center Compliance Audit Program.  Regional center compliance audits are an additional way to enhance program integrity and verify information in regional center applications and annual certifications. These audits will verify compliance with applicable laws and authorities to ensure continued eligibility for the regional center designation.
For example, the audit team:
  • Reviews applications, certifications, associated records, and information on the regional center;
  • Verifies supporting documents, submitted with the application(s) and in the annual certification(s);
  • Conducts site inspections; and
  • Interviews personnel to confirm the information provided with the application(s) and annual certification(s).
You can read additional details on the program on our Regional Center Compliance Audit page.  Read more about the EB-5 program online at uscis.gov/EB-5.

Sincerely,

USCIS Public Engagement

Saturday, March 11, 2017

Why kill the EB-5 Program?

Sens. Diane Feinstein and Chuck Grassley may have their reasons, but why kill a job-creation program that works most of the time. Sure, there are some bad actors in the mix, but law enforcement agencies are rooting them out.
EB-5 creates jobs, and that is something we need as a nation.
I oppose S. 232 for the reasons stated above.