On October 15th, the Immigrant Investor Program Office (IIPO) posted the Average Processing Times for I-526, I-829, and I-924 petitions as of August 31, 2015. I-526 Immigrant Petition by Alien Entrepreneur: 13.8 months I-829 Petition by Entrepreneur to Remove Conditions: 15.5 months I-924 Application for Regional Center Under the Immigrant Investor Pilot Program: 12.3 months For the most up-to-date average processing …
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New EB-5 Bill Introduced On June 3rd, Charles Grassley (R-Iowa) and Patrick Leahy (D-Vermont) introduced S.1501 (American Job Creation and Investment Promotion Reform Act of 2015). This newly introduced EB-5 bill, co-sponsored by two influential senators, appears to currently have the strongest chance of passage. EB-5 Stakeholder Engagement On June 4th, the USCIS held an EB-5 Stakeholder Engagement with economists. …
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EB-5 Retrogression The National Law Review posted an article stating that “the EB-5 China immigrant visa category will retrogress beginning May 2015.” This information was obtained directly from Charles Oppenheim, Chief of the Visa Control and Reporting Division of the U.S. Department of State. It is important to note that EB-5 retrogression will only impact those individuals born in mainland …
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Mayorkas on the Hot Seat For the month of March, the majority of EB-5 related news revolved around a report released by the Department of Homeland Security’s (DHS) Inspector General. The EB-5 related report focused on three separate cases, involving major Democrats, in which Alejandro Mayorkas “created an appearance of favoritism and special access.” For more information, we invite you …