Migrant Investor Program Challenges New EB-5 Guidance

By Grace Dixon (April 25, 2022, 5:33 PM EDT) — An EB-5 regional center filed suit against U.S. Citizenship and Immigration Services, challenging agency guidance directing previously licensed immigrant investment programs to reapply for authorization after March legislation restarted the lapsed program.

Behring Regional Center LLC’s challenge launched Friday before a California federal court rests on USCIS’ clarification that EB-5 regional centers were unilaterally deauthorized by a law tucked into a fiscal year 2022 omnibus spending bill, intended to greenlight the entities which facilitate investments for foreign migrants seeking a green card under the EB-5 program.

The move threw existing regional centers into an untenable financial limbo as they wait for reauthorization,…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Source

Leave a Reply

Your email address will not be published.