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EB-5 Law & Developments
Timely news in EB-5 and related areas all in one place!
[HOT] EB-6 visas for venture start-up foreign entrepreneurs?
Recently, the Senate introduced a bill called "Startup Visa Act".
Extension of validity of medical reports submitted in connection with I-485
USCIS recently issued a guidance announcing the below regarding medical reports submitted in connection with I-485 adjustment of status applications.
[HOT] Statistics on approvals and denials for I-526 and I-829s during 2009 fiscal year
Statistics on approvals and denials for I-526 and I-829s during 2009 fiscal year
[HOT] 2009 Fiscal Year EB-5 statistics revealed
For 2009 Fiscal Year, 1028 I-526s were filed. Out of these, 966 were approved.
For 2009 Fiscal Year, 437 I-829 were filed. Out of these, 335 were approved.
Currently, there are 75 USCIS-designated regional centers, and there are 50 more pending.
[HOT] EB-5 bill by Rep. Jared Polis expected to be introduced soon
We hear that Rep. Jared Polis (D-CO) is planning to introduce his EB5 legislation sometime this week. The bill will contain some non-controversial reforms, as well as a provision for the permanent authorization for the program. It will also contain provisions for a new "founders" visa aimed at the venture capital community.
[HOT] The way USCIS uses collected filing fees might be the reason why EB-5 Program will not take off!
Take a look at the below article. Even Bill Yates, a former USCIS high-ranking official who oversaw the EB-5 Program division along with other divisions in the past, makes statements that raise concerns with how USCIS utilizes the huge piles of money it collects from filing fees. Read and weep.
[HOT] Observations at October 19th 2009 AILA EB-5 Conference in SF
I thought food served at the conference could have been better. Also, tables and chairs could have been better arranged to face the speakers. At least, there was no extra charge for coffee and food. Also, giving conference materials in electronic UBS format was pretty cool.
[HOT] E-2 or EB-5? Media should know better.
It's surprising and disappointing how the media promulgates misleading information about "Investor Visas" as the cure-all for the languishing U.S. economy, and then make statements that lead the opponents of immigration to say that EB-5 Program is selling green cards for money.
[HOT] President signs to extend EB-5 Regional Center Program for 3 years until Sept. 30, 2012
Current Status of EB-5 Regional Center Program Extension Bill
It's the law now, and the EB-5 Regional Center Program has finally been extended until September 30th 2012, at which point we have to go through all this hassle again. The law in its entirety is posted below:
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills...
