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ARTICLE · 09 DECEMBER 2022

Urgent Action Required For Previously Approved Regional Centers

Klasko Immigration Law Partners
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This blog addresses two decisions that must be made prior to December 29, 2022 by regional centers approved and in good standing as of the effective date of the EB-5 Reform and Integrity Act ("RIA") that do not intend to sponsor any new projects or any new investors.

United StatesImmigration
H. Ronald Klasko
H. Ronald Klasko
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This blog addresses two decisions that must be made prior to December 29, 2022 by regional centers approved and in good standing as of the effective date of the EB-5 Reform and Integrity Act ("RIA") that do not intend to sponsor any new projects or any new investors:

  • Should such regional centers file Form I-956 to amend their regional center designations; and
  • Should they file Form I-956G (annual statement)?

By way of background, after the passage of the RIA, USCIS took the position that every previously approved regional center was terminated and had to file a new form (I-956) in order to apply for re-designation. In a case which I co-counseled (EB5 Capital, et al vs. US Department of Homeland Security, et al), we obtained a nationwide preliminary injunction against USCIS' action based on the Judge's conclusion that the regional center terminations "were almost certainly legal error." Subsequent to the nationwide preliminary injunction and before a final

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