Federal agency to reconsider decision on South Dakota EB-5
A federal immigration agency's appeals office says that the agency must reconsider its decision to end South Dakota's participation in a federal program offering wealthy immigrants visas in return for investments.
U.S. Citizenship and Immigration Services' appeals office in a March 15 decision remanded the matter for additional proceedings.
The agency said in a July notice that South Dakota's participation should be terminated for reasons including the diversion of millions of investor dollars away from intended purposes. The agency sent its decision to its own Administrative Appeals Office for review.
Gov. Dennis Daugaard has said that his administration is pushing to maintain the program to spare investors that might be harmed if it is terminated by the federal government.
Mentions
States
- South Dakota
Videos
Subscribe for News
Site Digest
Join Professionals on EB5Projects.com →
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
