Did you know?
Ur Jaddou was confirmed as the new Head of U.S. Citizenship and Immigration Services
Suzanne Monyak, Immigration Reporter at CQ Roll Call, and other news agencies reported that the Senate voted in favor of President Joe Biden’s nomination of attorney Ur Jaddou to lead the United States Citizenship and Immigration Services (USCIS). This appointment made her the first Senate-confirmed woman to lead the immigration agency since its creation nearly two decades ago.
In a statement released on August 4, Jaddou said, “As a proud American and a daughter of immigrants, I am deeply humbled and honored to return to USCIS as director. I look forward to leading a team of dedicated public servants committed to honoring the aspirations of people like my parents and millions of others who are proud to choose this country as their own. USCIS embodies America’s welcoming spirit as a land of opportunity for all and a place where possibilities are realized.
Since January, USCIS has taken immediate steps to reduce barriers to legal immigration, increase accessibility for immigration benefits, and reinvigorate the size and scope of humanitarian relief. As USCIS director, I will work every day to ensure our nation’s legal immigration system is managed in a way that honors our heritage as a welcoming nation and as a beacon of hope to the world, reducing unnecessary barriers and supporting our agency’s modernization.
As we look to the future, I am excited for the work ahead and ready to roll up my sleeves to implement Secretary Mayorkas’ goals and the priorities of the Biden-Harris Administration to ensure that the work of USCIS lives up to our nation’s highest values.”
We expect Jaddou will address the backlogs and unacceptably long processing times of EB-5 applications and all other avenues of immigration. We also hope that she will provide constructive input to the government officials and convince them not to bring back the unreasonably high minimum required investment amounts. Since implementing the November 2019 reforms, mainly due to the unaffordability of the $900,000 investment amount, the EB-5 business has essentially halted. COVID-19 related travel restrictions coupled with extra-long processing times did not help the cause either. Looking optimistically ahead, as she promised before her confirmation, if Jaddou tackles the long processing times issue right away, now that COVID-19 related concerns have slowly dissipated, we could see a pick-up on the number of applications. During the brief period of fewer than ten days between the decision on the Behring Regional Center suit in favor of Plaintiff and the program’s expiration on June 30, the number of I-526 filings surged.
Now that on June 30, the program has lapsed, the big question is as follows: Where do we go from here?
In a blog on their website, Brandon Meyer, the Founder and Managing Partner of Meyer Law Group, called potential investors to act now and not miss the boat. He said, “this quirk of US government inefficiency is a boon to investors, Regional Centers, and project developers alike. While we are sensitive to the view that ‘oh, this is another one of those fake EB-5 deadlines that come up every year or so,’ this will be the last dance at $500,000 and the more favorable TEA rules. Do not miss out!”
The blog made two bold predictions that seem very reasonable:
Given the US Congressional calendar and its list of legislative priorities, Congress will reauthorize the Regional Center program sometime after the second week of September.
Given the US regulatory process and its timelines, the $500,000 investment amount and more favorable TEA rules will remain in place until sometime between mid-November 2021 and the end of December 2021.
We hope our clients will take these words to heart and not miss this last chance of locking in the reduced $500,000 amount.
If you want to find out more about Jaddou confirmation, what steps you can take while the program is lapsed, or would like to obtain general information on EB-5, please do not hesitate to call us at + 1 917 355 9251 or write to us at info@americaeb5visa.com.
Posted by americaeb5visa on August 6, 2021