**IIUSA members are entitled to complimentary access to this course. You can find the discount code in the member portal or by emailing education@iiusa.org. If you were a registered attendee, regardless of membership status, you also have free access. Email education@iiusa.org for a coupon code.
A major provision of the EB-5 Reform and Integrity Act of 2022 (RIA) requires Regional Centers to undergo an audit from U.S. Citizenship and Immigration Services (USCIS) every five years. In the first two years after the law’s passage, we heard little about the nature of these audits – until April 2024, when it was announced that USCIS audits would begin.
The first wave of audits has commenced, and the information that’s trickled in provides a window into how the process will go. To discuss what we’ve learned, IIUSA and JTC are assembling a panel of EB-5 experts (including some of the first to experience a USCIS audit) that will break down the audit process and answer important questions, including:
- Why are some Regional Centers being selected over others? Is there a method?
- How long do Regional Centers have to prepare for an audit once notified?
- What information is being requested by auditors
- What do site visits entail?
- What if a Regional Center is unable to accommodate a site visit or information request during the audit timeframe?
Most importantly, they’ll discuss what you can do now to prepare. This is a chance for Regional Centers to learn what will be expected of them when it comes time for their audits. Register below to reserve your space!
Panelists:
- Jill Jones | General Counsel, JTC (Moderator)
- Noreen Hogan | President, CMB Regional Centers
- Ozzie Torres | Shareholder, Torres Law
- Darrell Sanders | Vice President – Investment Programs, American Life Inc.
This is a recorded webinar that took place on July 10, 2024. 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nature of the EB-5 Regional Center Program, it is possible some of the information disseminated in this session is no longer valid. This webinar does not constitute legal advice and you should always confer with your own legal counsel.
