On May 30, 2013, U.S. Citizenship and Immigration Services (USCIS) released the final version of a long-awaited memorandum on EB-5 adjudications policy that went through four iterations beginning in November 2011. The memo begins by reviewing the purpose and structure of the EB-5 immigrant investor program and reviews terminology and definitions, noting that the program’s […]Read More >
The Senate Judiciary Committee held a hearing on December 7, 2011, on “Reauthorizing the EB-5 Regional Center Program: Promoting Job Creation and Economic Development in American Communities.” Witnesses included Bill Stenger, President and CEO, Jay Peak Resort; David North, Fellow, Center for Immigration Studies; and Robert C. Divine, Shareholder, Baker, Donelson, Bearman Caldwell & Berkowitz, […]Read More >
U.S. Citizenship and Immigration Services (USCIS) recently released a draft memorandum to address “certain foundational issues” in the EB-5 immigrant investor program. USCIS seeks stakeholder input on these foundational issues before providing greater detail and addressing additional issues. On a conference call held on November 9, 2011, to discuss the draft memo, Mr. Mayorkas said […]Read More >