IIUSA Supports Bicameral, Bipartisan Agreement to Reform EB-5
In a letter sent to the House and Senate Judiciary Committee leaders, the Press Release Rocket reports that IIUSA communicated its support for moving ahead with the legislation and outlined the organization's priorities for re-authorization.
Reforms to the EB-5 Regional Center Program are Needed
According to the Executive Vice President of the Leadership Conference on Civil and Human Rights, EB-5 regional center program reforms are necessary to restore the program's integrity and to provide meaningful incentives for investment in low-income urban and rural communities.
IIUSA Data Report: USCIS Publishes 2015 Q4 Adjudication Statistics
On November 18th, USCIS published updated data for Q4 (July-September) pertaining to the number of I-526 petitions and I-829 petitions received, approved, denied, and pending as of September 30, 2015.
EB-5 Regional Centers and Purchasing D&O Coverage
It is important that regional centers purchase directors and officers ("D&O") insurance policies. The National Law Review reports that a D&O policy protects an entity and its officers and directors from Claims alleging Wrongful Acts.
Amended EB-5 Draft Legislation Circulates
According to the National Law Review, a revised discussion draft from both the Senate and the House of Representatives proposing to reform the EB-5 program and extending the program until Sept. 30, 2019, was redistributed in the Senate and House. There are key provisions of the document that will serve to change and reform the program.