EB-5 News & Updates #153 November 21-28
Posts
 | Column: Senate Seeks to Reward Wealthy Foreign Investors | |
| While Congress is focused on impeachment, impeachment and more impeachment drama, a proposed behind-the-scenes bill shows that the Swamp is up to its same, unshakable pro-immigration agenda. Two things stand out about the Immigrant... | ||
 | EB-5 Immigrant Investment Program Regulatory and Judicial Update | |
| On November 21, 2019, the EB-5 "Immigrant Investor Program Modernization" became effective. This is the first significant EB-5 regulatory change instituted by U.S. Citizenship and Immigration Services (USCIS) since 1993. This final rule... | ||
 | National Security Protected by Conservative EB-5 Reform Bill | |
| Moving to a merit-based system is the way to reform our current broken immigration patchwork of laws. While Congress is paralyzed by gridlock and President Trump continues his call for a conversion to a merit-based system, there are... | ||
 | EB-5 Final Rule Challenged in U.S. Federal District Court | |
| On Nov. 26, 2019, a complaint for Injunctive Relief and a Temporary Restraining Order was filed by Florida EB-5 Investments, LLC against the Department of Homeland Security (DHS) challenging a Nov. 21, 2019, DHS-issued final rule... | ||
Updates
User Updates | ||
 | Targeted Employment Areas from November 21 | |
| The EB-5 Immigrant Investor Program Modernization Regulation Final Rule took effect on November 21, 2019, and changed USCIS Policy for Targeted Employment Area (TEA) definitions and process. Rather than reacting... | ||
 | Judge allows Stenger to travel to Canada and Japan for work | |
| Bill Stenger arrives at federal court in Burlington for his arraignment on charges pertaining to the EB-5 fraud case in May. A judge is allowing Bill Stenger, Jay Peak’s former president who is awaiting trial on federal fraud charges, to get his... | ||
Project Updates | ||
 | Where the money came from | |
| Investors from across the nation and around the world poured money into Georgia senior living facilities in recent years. Here’s how... | ||
 | Jay Peak receiver sues USCIS over 'green card' failure | |
| The Pump House indoor water park has been one of the most popular amenities added to Jay Peak Resort as a result of EB-5 immigrant... | ||
 | EVEN Hotel Breaks Ground For Second Georgia Location | |
| The property is located within walking distance from Cobb Galleria Convention Center, Cobb Energy Performing Arts Center,... | ||
Firms Updates | ||
 | New EB-5 Program Regulations Take Effect | |
| U.S. Citizenship and Immigration Services (USCIS) published a final rule on July 24, 2019, that makes a number of significant changes to its EB-5 Immigrant Investor Program (“EB-5 Program”). These new rules are designed to provide the first... | ||
 | CanAm Enterprises Announces Another EB-5 Investment Project Closing: SORA West Office Tower | |
| CanAm has closed another EB-5 project in Pennsylvania. The office tower at SORA West will serve as the new global headquarters of a Fortune 10 company when completed in Q2 2021. CanAm Enterprises (“CanAm”) is excited to announce that it has... | ||
 | Inside the Courts – An Update From Skadden Securities Litigators - November 2019 | |
| This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between August and October 2019. The cases address developing trends in the definition of a security, fiduciary duties, the Investment... | ||
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