IIUSA Statement in Advance of House Judiciary Committee Hearing
The House Judiciary Committee will hold a hearing on Thursday, February 11th to examine the EB-5 Regional Center Program. Academic experts, program participants and government officials will be called to testify on the need for reforms to the EB-5 program.
EB-5 Program Becomes Examination Priority For Both the SEC and FINRA
The SEC and FINRA both stated in their 2016 exam priority letters that EB-5 offerings will be scrutinized more intensely than ever before. Their decisions are the result of the program's growing popularity, and from changes in EB-5 regulatory procedures.
Considerations for Latin American Investors Contemplating Participation in EB-5 Program
Investors with irregular B-2 visa usage patterns from countries with foreign exchange restrictions, like many in Latin America, may encounter problems investing through EB-5. Potential investors should consult a professional before applying.
Receiver Wants to Sell Path America Properties
The Portland-based Grassmueck Group advised Path America to sell multiple projects still in the development phase. Path America is being sued by the SEC for allegedly misappropriating $46 million of EB-5 funds.
Lucky Dragon Casino Project in Las Vegas Seeking Foreign Investments
The Las Vegas Redevelopment Agency recently denied a request by the developers of the Lucky Dragon Casino to offset project taxes through tax increment financing. The developers may now seek additional capital through the EB-5 program.
World Trade Center Savannah Gets EB-5 Status
After more than one year of waiting , the Savannah World Trade Center for Investment has been certified by the USCIS as a regional EB-5 center.
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