EB-5 News & Updates #150 October 31 - November 07
Posts
 | DHS Extends TPS Documentation for Six Countries | |
| The Department of Homeland Security (DHS) today announced a Federal Register notice extending the validity of TPS-related documentation for beneficiaries under the Temporary Protected Status (TPS) designations for El Salvador, Haiti,... | ||
 | Estimated EB-5 Processing Times From The IIUSA EB-5 Industry Forum 2019 | |
| By Clare Lithgow At the 2019 IIUSA EB-5 Industry Forum that ran from October 28-30, in Seattle, Washington, the Chief of the Visa Control and Reporting Division at the U.S. Department of State, Charles Oppenheim, provided the... | ||
 | EB-5 Immigrant Investor Program Modernization Final Rule | |
| Purpose U.S. Citizenship and Immigration Services (USCIS) is revising its policy guidance in the USCIS Policy Manual to align with the EB-5 Immigrant Investor Program Modernization Final Rule, published on July 24, 2019, and effective... | ||
 | Will New Rules Be a Game Changer for the EB-5 Industry? | |
| New rules set to go into effect this November don’t offer a fundamental reform of the program. Proposed EB-5 reforms that have been tied up in a legislative stalemate over the past few years have gotten a major push forward on... | ||
Updates
Firms Updates | ||
 | Supreme Court will consider stripping SEC of power to seize illegal profits | |
| The U.S. Supreme Court building in Washington. The U.S. Supreme Court agreed to consider stripping the Securities and Exchange Commission of its power to recoup illegal profits from wrongdoers, taking up a challenge to one of the agency’s most... | ||
 | U.S. Supreme Court to review SEC's power to recover ill-gotten gains | |
| he U.S. Supreme Court on Friday agreed to hear a challenge to the ability of the Securities and Exchange Commission to recover ill-gotten profits obtained through misconduct in a case from California that could weaken the... | ||
 | Comprehensive EB-5 Modernization Legislation Introduced in the U.S. Senate | |
| Senators Graham (R-SC), Rounds (R-SD), and Cornyn (R-TX) introduced the “Immigrant Investor Program Relief Act” (S. 2778, the Act) on November 5, 2019, proposing long-overdue improvements to modernize the EB-5 program in alignment with industry... | ||
 | Estimated EB-5 Processing Times From The IIUSA EB-5 Industry Forum 2019 | |
| At the 2019 IIUSA EB-5 Industry Forum that ran from October 28-30, in Seattle, Washington, the Chief of the Visa Control and Reporting Division at the U.S. Department of State, Charles Oppenheim, provided the latest estimated EB-5 processing... | ||
 | Supreme Court to Consider SEC's Authority to Seek Disgorgement | |
| The U.S. Supreme Court will review a case that challenges the SEC's ability to seek disgorgement in district court proceedings. In 2016, the SEC charged a husband and wife for defrauding Chinese investors by falsely claiming... | ||
Regional Center Updates | ||
 | Estimated EB-5 Processing Times From The IIUSA EB-5 Industry Forum 2019 | |
| By Clare Lithgow At the 2019 IIUSA EB-5 Industry Forum that ran from October 28-30, in Seattle, Washington, the Chief of the Visa Control and Reporting Division at the U.S. Department of State, Charles Oppenheim, provided the latest... | ||
 | Silicon Valley woman to pay $50 million for allegedly misappropriating $45 million from green card seekers | |
| Superior Court of California in downtown San Jose, Calif., on Monday, July 1, 2019. But lawsuit against Bethany Liou by Chinese citizens will continue San Mateo County businesswoman Bethany Liou has agreed to pay $50 million in a settlement with... | ||
 | Silicon Valley woman to pay $50M over alleged green card investment scheme | |
| Federal securities regulators said this week that they had agreed to settle with a San Mateo County woman accused of misappropriating at least $45 million in investment funds from Chinese citizens who were aiming to gain U.S. permanent residency... | ||
User Updates | ||
 | Conference Rumors (partial investment, visa wait times) | |
| I heard IPO Chief Sarah Kendall and Department of State Visa Control Office Chief Charles Oppenheim speak last week at the IIUSA conference in Seattle. I’ll blog in detail about these talks and other news and insights from the conference as... | ||
 | USCIS Policy Manual Update | |
| The USCIS Policy Manual is updated as of today with some edits to the EB-5 section in Volume 6 Part G. As usual, I performed the kind service of saving the content as a Word document in my folder of PM editions, and making a... | ||
 | Investors flock to EB5 Expo | |
| Tom Rosenfeld, President and CEO of CanAm Enterprises, spoke about the future of EB-5 Program at 2019 Expo Hong Kong. Rosenfeld shared his views on the future of EB-5 and the effects of proposed regulatory changes to the program.... | ||
 | Can South Africans make partial EB-5 investment before November 21 to get lower $500,000 amount | |
| With the minimum EB-5 investment amount increasing to at least $900,000 on November 21, 2019, Wolfsdorf Rosenthal LLP has been asked numerous times whether an EB-5 applicant can invest less than the current investment level of $500,000 to secure... | ||
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