Last week, IIUSA hosted an informational webinar to discuss the ruling by the Federal District Court for the Northern District of California that granted a preliminary injunction on U.S. Citizenship & Immigration Services (USCIS) interpretation of the EB-5 Reform & Integrity Act of 2022 (RIA) requires all previously designated EB-5 Regional Centers to re-designate under the new law.
On Friday, June 24, 2022, U.S. District Court Judge Vince Chhabria ruled that USCIS is “preliminarily enjoined from treating as deauthorized the previously designated regional centers based on its almost certainly erroneous interpretation of the Integrity Act. Of course, the agency may do whatever is reasonably necessary to ensure that existing regional centers comply with the Integrity Act, but those centers must presently be permitted to operate within the regime of the Act.”
Panelists:
- Aaron Grau | Executive Director, IIUSA (Moderator)
- Paul Hughes | Partner, McDermott, Will & Emery
- H. Ronald Klasko | Partner, Klasko Immigration Law Partners
This is a recorded webinar that took place on June 30 2022. As of the date of the recording, all information was deemed to be accurate an up to date, but with the rapidly changing nature of the EB-5 Regional Center Program and the newly enacted RIA, it is possible some of the information disseminated in this informational session is no longer valid. This webinar does not constitute legal advice and you should always confer with your own legal counsel.
