By: Dawn M. Lurie, John W. Mazzeo, Leon Rodriguez, and Mia Batista

This significant development may have wide-ranging impacts, as Adjustment of Status is a pathway available to family, employment-based, and investment-based (EB-5) immigrants and organizations.

On Friday, May 22, US Citizenship and Immigration Services (USCIS) issued a Policy Memorandum (Memorandum) that could meaningfully affect how Adjustment of Status applications (Adjustment) are adjudicated moving forward, though USCIS implementation details remain limited and operational impacts are still developing. While the Memorandum does not change the statutory eligibility requirements for Adjustment under the Immigration and Nationality Act (INA or Act), it signals a potentially significant shift in how immigration officers may exercise discretion when adjudicating Adjustment applications. The Memorandum emphasizes that Adjustment is an “extraordinary act of administrative grace” because it exempts the foreign national from having to exit the United States to complete green card processing and should only be exercised sparingly.

Continue Reading Adjustment Ambiguity: What Employers Should Know About USCIS’s New Policy Direction

In a significant move to attract wealthy investors, President Donald Trump has floated a new immigration initiative known as the “Gold Card.” The initial announcement indicates that the Gold Card will make the EB-5 investment thresholds higher, require more vetting of eligible investors, and offer a pathway to citizenship.

What

Continue Reading All That Glitters May Not Be Gold: Trump’s Gold Card vs EB-5

The EB-5 Reform and Integrity Act of 2022 (RIA) introduced significant requirements for designated EB-5 regional centers, one of the most notable being the annual payment into the EB-5 Integrity Fund. Beginning on October 1, 2024, the USCIS is accepting these payments for Fiscal Years (FY) 2023, 2024, and 2025

Continue Reading Stay Compliant: Key Deadlines and Updates for EB-5 Integrity Fund Payments: What You Need to Know for FY 2023, 2024, and 2025

By David Warburg and Mark Katzoff

Seyfarth Synopsis: This article discusses the impact of the newly adopted EB-5 regulations on the disclosure obligations of ongoing EB-5 offerings.

The obligation to make full and fair disclosure under the US federal securities laws is most often viewed by many, if not
Continue Reading EB-5 Securities Law Disclosure Obligations and Possible Marketing Opportunities In the Wake of the Recent Modernization Rule

By Dawn Lurie, Mark KatzoffAngelo A. Paparelli and Randy Johnson

Seyfarth Synopsis: On July 24, 2019, U.S. Citizenship and Immigration Services (USCIS), the immigration-benefits component of the Department of Homeland Security (DHS),   published a final regulation on “EB-5 Immigrant Investor Program Modernization” (the “Rule”) to reform the EB-5 program in the Federal Register.  Absent successful court challenges, or the passage by Congress of EB-5 legislation, the Rule will take effect on November 21, 2019.  The Rule makes pronounced changes to the EB-5 program, including a significant increase in the investment threshold, conferral of exclusive authority to USCIS to designate Targeted Employment Areas (TEAs), and retention of priority dates for petitioners. The text of the Rule can be found here.Continue Reading USCIS Publishes EB-5 Modernization Rule: the Impact on the EB-5 Program