On June 15, 2015, USCIS released a new and updated version of Form I-829, Petition by Entrepreneur to Remove Conditions. Form I-829 is the second step in the immigration process for EB-5 immigrant investors. It must be filed within 2 years of the date that the investor obtained conditional green card status the U.S.
On June 5, 2015, Senators Leahy (Democrat from Vermont) and Grassley (Republican from Iowa) introduced draft legislation S.1501 in the Senate Judiciary Committee, that will renew the EB-5 Regional Center program until year 2020. The proposed legislation confirms bi-partisan support for renewing the EB-5 Program in the U.S. Senate.
On June 4, 2015 USCIS held an open forum conference call with EB-5 industry stakeholders focused on the issue of economic analysis of job creation for EB-5 projects.
In its Visa Bulletin for April 2015, the Department of State announced that it expects to set a cut-off date for mainland Chinese born EB-5 visa petitioners “no later than June”. This means that by June 2015, persons born in Mainland China will become subject to a waiting list to obtain an EB-5 visa.
On February 16, 2015, a Federal Judge in Texas granted a temporary injunction which stops implementation of President Obama’s recent executive action which sought to grant relief from deportation to up to 5 million undocumented immigrants. The Federal Judge’s ruling was based on a lawsuit...