What Do U.S. Banking Woes Mean for the EB-5 Program?

Washington D.C., March 13, 2023: News broke over the weekend that three U.S. banks were being shuttered by U.S. banking regulators because they were experiencing financial constraints. Of these three banks, one would be familiar to many EB-5 investors: Signature Bank. Many EB-5 Regional Centers used Signature Bank as their escrow bank. Thus, many EB-5 […]

Court Confirms Certification of Existing EB-5 Regional Centers

Washington, D.C., August 25, 2022: USCIS and the plaintiffs in two important lawsuits reached a settlement on August 24, 2022 that confirms the certification of EB-5 Regional Centers approved by USCIS before the effective date of the EB-5 Reform and Integrity Act of 2022 (“RIA”). The lawsuit, known as Behring Regional Center LLC et al […]

Federal Court Blocks USCIS Re-Designation Policy for EB-5 Regional Centers

Washington, D.C., June 27, 2022: On June 24, 2022, the federal court for the Northern District of California issued a Preliminary Injunction blocking USCIS from requiring new I-956 re-designation applications from EB-5 Regional Centers designated prior to the effective date of the EB-5 Reform and Integrity Act of 2022 (“RIA”). Why Was Court’s Decision Issued? […]