Based on a recent hearing in a lawsuit challenging certain EB-5 regulations, it appears the regulations may be struck down due to the illegal appointment of Department of Homeland Security (DHS) Secretaries by the Trump Administration.[1] Enacted on Nov. 21, 2019, the regulations at issue had increased investment amounts from $500,000 to $900,000 for
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.
Today, Senators Graham (R-SC), Rounds (R-SD) and Cornyn (R-TX) introduced the “Immigrant Investor Program Relief Act” (S. 2778, the Act) proposing long overdue improvements to modernize the EB-5 program in alignment with industry and market principles. The Act reflects a fair compromise between rural and urban stakeholders providing substantial market advantages to rural and urban
After more than two and a half years, Obama-era EB-5 immigration regulations are set to be published on July 24, 2019, with an effective date 120 days after publication or Nov. 21, 2019. See EB-5 Immigrant Investor Program Modernization.
These regulations have been opposed by many industry participants, as evidenced in a letter to
On 2/22/19, USCIS forwarded the EB-5 Immigrant Investor Program Modernization final rule (RIN 1615-AC07) to the Office of Management and Budget (OMB) –
| AGENCY: DHS-USCIS | RIN: 1615-AC07 | Status: Pending Review |
| TITLE: EB-5 Immigrant Investor Program Modernization | ||
| STAGE: Final Rule | ECONOMICALLY SIGNIFICANT: No | |
| ** RECEIVED DATE: 02/22/2019 | LEGAL DEADLINE: None | |
OMB will now begin assessment of