Goodlatte statement; IIUSA TEA Analysis
April 20, 2017 5 Comments
Two important new press releases:
- House Judiciary Committee Chairman Bob Goodlatte announces on behalf of House and Senate Judiciary Committee members that “Lawmakers Remain Committed to Good-Faith Talks to Reform Investor Visa Program Ahead of Expiration” (April 19, 2017)
- IIUSA announces First-Ever Comparative Analysis Report on EB-5 TEA Policy Reform (April 20, 2017). This very valuable report and mapping tool takes a comprehensive look at the impact the different TEA policy proposals would have on the EB-5 Regional Center program at both a national and state-by-state level. For those of you who downloaded my TEA summary earlier, note that I erred in providing a link to an NMTC mapping tool based on old data. You should look instead at the IIUSA interactive mapping tool, which uses the dataset that would actually be required to determine TEA qualification under new proposals.
Meanwhile, a 4/19 post by Miller Mayer reports on a version of EB-5 reform legislation that I haven’t even seen, though Miller Mayer says “all major EB-5 industry representatives have agreed to this tentative compromise.”
EB-5 Updates 
Thank you for everything you do Suzanne, I just wanted to ask, what are the chances that the proposed changes will be applied retroactively? I know the idea was circulated in September 2015 but I haven’t heard of it since. I have an I-526 petition dating back to December 2015 that still hasn’t been approved so you can imagine this is quite a stressful time!
Neither the draft legislation currently circulating nor the draft regulations from USCIS propose retroactive application. Chairman Goodlatte expressed support for the idea of retroactivity as recently as the March 2017 House Hearing, but he hasn’t reintroduced the bill that had a retroactivity provision. And his press release this week supports IIUSA’s compromise proposals, which strongly opposed any kind of retroactive application.
Thank you once again for your quick reply, will keep following your blog, awesome work!
Thanks for your encouragement!
With all the scandals the darling projects that the II USA pushed, which were fraudulent how is it they have any credibility or integrity left that would make the government take them seriously. IIUSA are part of the problem that legislation should take care of.