On January 23, 2023, USCIS announced an extension of the validity of permanent resident cards (“green cards”) to accommodate current processing times for forms I-829 and I-751. In an EB5 Investors article discussing the extension, Jackson Walker's partner Christian Triantaphyllis shared insights on how the updated policy may ease previous challenges EB-5 investors and dependents encountered.
In the article, Christian noted:
“While we prefer that USCIS instead speed up their I-829 processing times, this new 48-month extension alleviates issues that EB-5 investors encounter with demonstrating their lawful permanent status for employment and travel without needing to obtain a new I-551 permanent resident status stamp on an annual basis while the I-829 petition remains pending.”