As a reminder, U.S. Citizenship and Immigration Services (USCIS) will host an EB-5 Stakeholder Engagement tomorrow Tuesday, April 25 from 1:30-3:00 pm Eastern Time.
Earlier this year, IIUSA submitted a question and comment packet to USCIS ahead of the engagement.
IIUSA’s Public Policy Committee compiled and submitted comments on the three topics that USCIS said would specifically be addressed during the engagement: Regional Center operations, investment period, and direct and third-party promoters. The full packet is available for members and other stakeholders to review.
Stakeholders can join the discussion using the team link below.
As the agency previously announced, this engagement meeting will discuss three specific areas within the Immigrant Investor Program, including:
- Direct and Third-Party Promoters: A promoter should submit Form I-956K, Registration for Direct and Third-Party Promoters, before operating on behalf of any of the specified entities or promoting any offering under the EB-5 Regional Center Program. The promoter must submit Form I-956K separate from the Form I-956F, Application for Approval of an Investment in a Commercial Enterprise, to seek an approval of an investment in a commercial enterprise.
- Investment Period: USCIS will discuss the requirements for an immigrant investor to sustain their investment if they filed Form I-526, Immigrant Petition by Standalone Investor, before March 15, 2022, and the new requirement under the EB-5 Reform and Integrity Act of 2022 (RIA) that capital must be expected to remain invested for at least two years for those who filed an I-526 or Form I-526E on or after March 15, 2022.
- Regional Center Operations: We will discuss issues related to regional center operations, in particular those who wish to withdraw from the program and terminate their status and those who do not wish to solicit investments for new projects under the RIA.