12/5 Meeting, I-924A, Processing Times, New RCs (CA, IL, IN, RI, WI)
December 8, 2014 1 Comment
12/5 EB-5 Stakeholder Engagement
USCIS provided EB-5 program updates and answered stakeholder questions at the quarterly stakeholder engagement on Friday. USCIS Director Leon Rodriguez honored the event with an appearance, and stated that he desires to be not only a manager of but also an enthusiast and champion for the EB-5 program. IPO Chief Nicolas Colucci indicated that IPO has reached 94 staff, with another 10 adjudicators to be added in the next few weeks. We learned that USCIS is preparing a retrogression policy guidance memo, that the Government Accountability Office is conducting an audit of the EB-5 program with respect to fraud risk/mitigation strategies and validity of economic model job creation (instigated by Senators Grassley, Coburn, and Corker), that USCIS continues to prioritize fraud prevention (with a 15-member Fraud Detection National Security team and plans to expand site visits and compliance review), and that additional in-person stakeholder events are planned for 2015. USCIS invited stakeholders to submit comments and ideas for the forthcoming retrogression policy guidance memo and for how to improve ELIS and the Regional Center Document Library. Division Chief Julia Harrison gave practical tips on source of funds documentation, Division Chief John Lyons made some ill-considered statements on troubled business job creation, callers brought questions that were answered from the 5/30/2013 EB-5 policy memo or not answered, and anti-immigration lobbyists took up time advertising their theories while pretending to ask questions. I will link more detailed stakeholder meeting summaries from other commentators here as available. In the meantime, I’ve uploaded my recording of the call as usual, if you’d like to review it.
I-924 Form revisions
USCIS is revising the Form I-924 and Form I-924A, and you are invited to submit your comments at regulations.gov.
If you are a Regional Center principal, do not forget to file your I-924A before December 29. USCIS terminated seven Regional Centers in 2014 for failure to file.
Executive Action and EB Visa Categories
President Obama’s executive action on immigration does not directly affect EB-5, but Robert Divine has a nice article on what it does do. See Obama Legalizes Undocumented, Tweaks EB Categories.
USCIS has posted its monthly update to IPO processing times. I-526 and I-924 times are about the same (14.7 and 9 months respectively) while average I-829 times are up to 8.6 months.
Additions to the USCIS Regional Center List, 11/24/2014 to 12/8/2014