EB-5 Updates from USCISPosted: August 24, 2011
On August 10, 2011, Ed Carroll and other members of the American Immigration Lawyers Association’s EB-5 Committee met with USCIS Director Alejandro Mayorkas to discuss proposed improvements to and problems with the EB-5 program. Issues discussed included agency communications, review of state TEA designations, clarification of policy with respect to bridge financing of EB-5 projects, and the potential binding effects of initial or blanket I-526 or I-829 petitions. During this meeting, Director Mayorkas expressed a commitment to continuing a program of improved customer service from the agency. We understand that there will be a major policy announcement next month regarding a process for e-mailed communications with EB-5 adjudicators and other procedures implementing its proposed process for dealing with “shovel-ready” regional center/project proposals. We come away from the meeting with guarded optimism and a continued commitment to advocating for more clarity and responsiveness. The agency’s official summary of topics discussed at the meeting can be found here.