Bloomberg Law: Immigrant Investor Center Deauthorization Draws Second Lawsuit
After IIUSA, along with five of its Regional Center members (CanAm Enterprises, Civitas Capital Group, EB5 Capital, Golden Gate Global, and Pine State Regional Center), filed a lawsuit against USCIS yesterday, May 24, 2022, related to USCIS’s position that all previously designated EB-5 Regional Centers must re-designate under the new law, Bloomberg Law posted the following article:
Five immigrant investor-backed enterprises with revoked approvals under the EB-5 visa program are suing over a recent federal policy requiring all existing regional centers to get reauthorized.
The lawsuit filed Tuesday in the US District Court for the District of Columbia is the second filed against the Homeland Security Department and US Citizenship and Immigration Services over the required reauthorization. More than 600 previously approved regional centers around the country have been affected, according to the complaint.
The EB-5 program allows immigrants to seek a green card if they invest a minimum amount of funds in a US business and …
