Last week, USCIS issued a policy alert clarifying policy guidance in the USCIS Policy Manual regarding redeployment of investment capital, including further deployment after the job creation requirement is satisfied. The updated guidance is now available online in Volume 6, Part G of the USCIS Policy Manual. A redline of the changes to the Policy Manual prepared by IIUSA member Robert Divine can be found here.
While not included in the policy alert USCIS is accepting comments on the Policy Manual changes. To submit your comments please email USCISPolicyManual@uscis.dhs.gov. All comments are due to the agency no later than August 24th. As the EB-5 industry trade association, we always work towards increasing industry transparency and we look forward to engaging with USCIS on important policy matters such as this one.
IIUSA is also seeking our member’s feedback on how these changes will impact your projects currently redeployed capital. Let us know how you will be impacted by filling out this short form.
Clarifying Guidance for Deployment of Capital in Employment-Based Fifth Preference (EB-5) Category
Read IIUSA Member Perspectives:
EB-5 Capital Redeployment Guidance Arrives in Time to be Used for COVID-19 Recovery Projects
By Mona Shah, Esq., Attorney, Mona Shah & Associates Global & Rebecca Singh, Esq. Attorney, Mona Shah & Associates Global
EB-5 Redeployment Policy “Clarified” Retroactively
by Robert Divine, Shareholder, Baker Donelson
USCIS Takes a Swing at EB-5 “Redeployment”
by Bernard Wolfsdorf, Partner, Wolfsdrof Rosenthal LLP and Joseph Barnett, Partner, Wolfsdorf Rosenthal LLP
After Years of Waiting, USCIS Finally Clarifies EB-5 Redeployment Requirements
by Daniel B. Lundy, Partner, Klasko Immigration Law Partners, LLP