Visa Lawyer Blog

Articles Posted in Immigrant Investor Program Office

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If you are an EB-5 investor in a Regional Center project, you may be interested to learn of new information released by the U.S. Citizenship and Immigration Services (USCIS) regarding Regional Center audits.

In March 2022, with the passage of the EB-5 Reform and Integrity Act of 2022, Congress implemented new reforms designed to increase the oversight of Regional Centers to prevent fraud and abuse within the immigrant investor program.

Among these fraud prevention mechanisms, USCIS established the EB-5 Integrity Fund, funded by annual regional center fees and immigrant petition fees, to detect and investigate fraud and other crimes related to the program, ensure compliance, conduct regional center audits (every five years) and site visits (for each new NCE or JCE).

USCIS recently released information confirming that the agency must audit each designated regional center at least once every five years.

What is done during a Regional Center audit?

Audits are performed during a site visit which include a review of documentation required to be maintained by the regional center and a review of the flow of immigrant investor capital into any capital investment project.

Effective April 23rd audits will be utilizing the Generally Accepted Government Auditing Standards, also known as the Yellow Book. The Yellow Book provides standards and guidance for auditors and audit organizations.

What is the purpose of Regional Center audits?

Regional center audits are conducted to strengthen the integrity of the EB-5 program by verifying information in regional center applications, annual certifications, and associated investor petitions.

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Recently, the American Immigration Lawyers Association (AILA) requested an update from the U.S. Citizenship and Immigration Services (USCIS) regarding the delayed adjudication of Form I-829 petitions filed by EB-5 investors seeking to remove their conditions on permanent residence.

AILA suggested two alternatives for providing evidence of continued lawful permanent residence which consisted of making simple adjustments to the language of Form I-829 receipt notices.

On January 19, 2024, USCIS responded to these concerns indicating their awareness of the issue and ongoing efforts to reduce the burden on investors.

USCIS pointed out that beginning on January 11, 2023, the agency extended the validity of Permanent Resident Cards (also known as Green Cards) for petitioners who properly filed Form I-829, for 48 months beyond the green card’s expiration date.

This extension was made in consideration of the long processing times USCIS has been experiencing to adjudicate Form I-829, which have increased over the past year.

They also note that USCIS field offices also recently began issuing and mailing the Form I-94 (arrival/departure record) with ADIT (temporary 1-551) stamps as temporary evidence of Legal Permanent Resident status without requiring an in-person appearance at field offices, for investors who have requested evidence of their LPR immigration status from USCIS.

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The release of the December Visa Bulletin has brought few positive changes for immigrants in both the family sponsored and employment-based preference categories. In this blog post, we share with you everything you need to know regarding the movement (or lack thereof) of the categories for the month of December.

Whether you are applying for an immigrant visa at a U.S. Consulate overseas or applying for adjustment of status to permanent residence in the United States, you won’t want to miss these important updates.

Highlights of the December 2023 Visa Bulletin

Unfortunately, the December Visa Bulletin brings little to no changes across most employment-based categories and family-sponsored categories from the previous month of November. The Dates for Filing of all employment and family-sponsored categories remain unchanged from the previous month.

The Final Action Dates for family-sponsored categories also remain unchanged from the previous month.

With respect to the Final Action Dates for the employment categories, EB-2 China will advance by three weeks to October 22, 2019, and EB-3 China will advance to January 22, 2020. The Final Action Dates for the remaining employment-based categories remain unchanged from the previous month.

EB-4 Certain Religious Workers will become unavailable in the month of December.

Adjustment of Status Filing Chart December 2023

For the month of December 2023, the U.S. Citizenship and Immigration Services (USCIS) has confirmed that the Dates for Filing chart in the December 2023 Visa Bulletin will continue to be used in determining eligibility for I-485 adjustment of status filings (green card filings inside the US).

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In this blog post, we close out the week with some great news that may be of interest to EB-5 Immigrant Investors.

On Tuesday July 18th the U.S. Citizenship, and Immigration Services (USCIS) announced new changes to the processing of Form I-526, Immigrant Petition by Alien Investor, for EB-5 investment to improve processing times and create greater efficiency.

How Will USCIS Process I-526 Petitions?

The USCIS Immigrant Investor Program Office (IPO) manages Form I-526 petition inventory through workflow queues factoring in whether: a visa is available (or will be available soon) and the underlying project has been reviewed.

Workflow queues are generally managed in first-in, first-out (FIFO) order when a visa is available or will be available soon.

Effective July 18, 2023, IPO will update its approach by grouping petitions by new commercial enterprise (NCE) with filing dates on or before November 30, 2019, within the workflow queue of petitions where the project has been reviewed and there is a visa available or soon to be available, to gain greater processing efficiencies.

In practice this means that multiple petitions with the same new commercial enterprise (NCE) will be assigned to the same adjudicator(s) to help process them more quickly. This is because multiple petitions associated with the same NCE will have an overlap in project documents and issues presented.

This approach will help reduce current EB-5 backlogs, that are stretching to a 4 to 5 year waiting period from date of filing.

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