Looking to 2022

I will start 2022 by attempting a comment on where we are with regional center and direct EB-5, and what should be done

Regional Center Situation

Regional Center Legislation

In 2021, Congressional reformers and the industry lobbies delivered their best offers on EB-5 legislation, worked harder and more successfully than ever before to establish industry consensus around their respective proposals, and still ended up on the horns of their differences, demonstrating power to block each other and inability to overcome each other’s blocks.

Where can we look for resolution to an industry/Congress impasse that’s been ongoing since at least 2015? I’d say it’s theoretically impossible that personally-motivated reformers Senator Leahy and Senator Grassley will change their EB-5 priorities this year, or exercise less power in 2022 than in 2021.  Industry theoretically has more motivation to compromise our priorities, because we have more to lose from continued delay and growing investor frustration. Industry priorities are also more open to self-reflection. For example, simple calculation shows that 1,000 or even 3,000 set-aside visas would not accommodate enough investors to significantly re-open a now quota-aware China market, and would not significantly incentivize rural investment. The very limited practical benefit would not justify a bloody battle. Side-by-side comparison of the largely similar industry consensus vs Grassley/Leahy integrity measures begs a blushing question “and this is what we’re still fighting about?”. Narrowing the TEA investment differential to insignificance would be too-obviously bad politics and bad press today, and would be a worthless win in the future if an investor explosion in 2022 gets a chance to permanently stain the reputation of EB-5 at any price. I believe everyone now understands the near-term political impossibility of genuine EB-5-specific visa relief while larger immigration priorities remain unresolved. So maybe there’s realistically not much left to fight about this year. We shall see how realistic advocates will be in assessing costs, benefits and political possibilities in 2022. I hope that the sunk cost fallacy will be recognized and avoided.

At this point, my personal best hope for 2022 legislation is that everyone will unite around a few-sentence grandfathering provision to resume the immigration process for past investors. This would be an interim expedient to protect time for negotiations around substantial reauthorization legislation, otherwise threatened by the imminent mass bloodbath of past investor frustration. My slim hope would depend on all regional centers with lobbyists correctly realizing that near-term grandfathering is in their best interest to buy time, given the political realities delaying holistic reform and the increasing pressure from desperate investors who cannot tolerate further delay. It also depends on Senator Leahy not suspecting the regional center self-interest motive and time-buying tactic in grandfathering, but rather recognizing the unquestionable case of fairness and responsibility to people who invested in the authorized RC program, and/or the real need to protect existing EB-5-funded U.S. jobs and economic activity from being derailed by investor frustration. There’s a long road to making these cases, to regional centers especially, but I see a theoretical possibility at least.

I expect and hope that education will be a major difference between 2022 and 2021. Last year, a large part of the EB-5 ecosystem did not know what was going on. Industry associations tended to provide messaging rather than information. Most of us had no access to intel from lobbyists and Congressional staffers. The typical first-line advisors for EB-5 investors – immigration attorneys, regional centers, and agents – were often honestly unable or sometimes strategically unwilling to inform investors. We witnessed a few concerted efforts to spread misinformation, and some genuine (if still culpable) simple ignorance from advocates about their own proposals and the legislative process. All this ignorance had a function in 2021, deferring delay repercussions and avoiding dissension. But it came with a fearful cost for business and personal decision-making.

In 2022 and going forward, I see the EB-5 ecosystem demanding and getting better information and accountability. The fact and consequences of RC program expiration have had time to sink in. Messaging has had time to stand the test of history. Recent comments on this blog show how sentiment has developed, and the growing investment in education and action far beyond this occasional little blog. Personally, I donate to the EB-5 association AIIA because AIIA is motivated to communicate what their lobbyist finds out and what they hear in meetings with Congressional staffers.  I would love every EB-5 investor, service provider, and regional center to take advantage of donor access to the AIIA Microsoft Teams group and Telegram chat for the sake of the intel and collaboration offered, if nothing else. I do not know how much AIIA can accomplish in terms of advocacy in a few months, but even their emerging role in obtaining and sharing info about who’s doing and saying what in Washington DC is gold for accountability and educated action. No wonder my blog comments are filling with advertising “Donate to AIIA! Learn from AIIA!” and also “Do not donate to AIIA! Nothing happening there! Don’t look!”

Hopefully everyone on the front lines of regional center advocacy will step up their game this year, realizing that they are being watched. “Speak and act as those who will be judged” could be a good mantra for all of us in 2022. Along with the reminder “We’re all in this together.”

AIIA is holding a town hall webinar on Saturday January 15th at 6pm PT to discuss reauthorization and provide updates. Free to the public: register here.  [UPDATE: A partial recording now available on the AIIA Youtube channel.] AIIA’s informative December newsletter is also still available, in case you missed it.

If anyone else is holding RC-related events to share information plus host discussion, please let me know so that I can promote them. Let the year of information and accountability begin.

Regional Center Petition Processing

The USCIS website continues to have one alert saying that USCIS will hold regional center I-526, I-485, and I-924 and “at the end of calendar year 2021, unless there is new legislation for regional centers, we will reevaluate whether to keep this hold in place.” Now a second alert as of 12/30/2021 adds “USCIS is reevaluating the decision [and] will provide additional guidance as soon as practical.” I am not holding my breath for guidance or action from USCIS.

So far this month, IIUSA has filed a brief arguing that USCIS should process regional center petitions during a regional center program lapse, and sent a letter arguing that USCIS should not process regional center petitions during the regional center program lapse. Each document makes the argument for the sake of investor protection. I can’t tell whether a contradiction has been noticed.

In the case of Yuhua Zhu et al v. Antony John Blinken et al, 111 EB-5 investors with pending I-485 sued USCIS “to either adjudicate their applications, or issue them visas, under the EB-5 Immigrant Investor Regional Center Program.” On January 3, 2022, a judge assessed and dismissed the claim: “The court is persuaded that because the lapse in congressional authorization for the Regional Center Program prevents the court from granting effective relief, the claim is moot and must be dismissed.” (Thanks to Jason and Bunuel Yang who brought the litigation to our attention in their comments on my previous post.)

Unfortunately, we do depend on Congress to act to provide regional center petitions with a basis for approval and visas.

Direct EB-5 situation

Investment Amount

The stability of direct EB-5 investment improved since January 5, 2022 when DHS dismissed its appeal of the Behring Regional Center lawsuit. With the appeal pending, we had operated under the risk that DHS might eventually win the appeal, and that a future win could make today’s direct I-526 retroactively ineligible. With the appeal dismissed, that risk has disappeared, thankfully. I feel more comfortable now that each I-526 may be judged by the rules under which it was filed. (My confidence would be boosted if Congress passes the proposed grandfathering language to that effect.) The EB-5 investment amount is still subject to change, but at least not retroactive change for filed I-526. I’d also worried that the recent lack of I-526 processing might reflect an appeal-related abeyance policy. With the appeal dismissed, that possible explanation for processing delay disappears. All good news for direct EB-5 at least, though the Behring suit and the dismissed appeal complicate regional center legislation negotiations.

I-526 Processing

 I-526 processing times for direct EB-5 investors remain in question, as USCIS continues to have apparently almost no one working on I-526 adjudications. Here’s the total I-526 processing activity since January 5, 2022:

  • Thursday January 6: One RFE sent to an I-526 filed in 2016
  • Friday January 7: One I-526 filed in 2018 approved
  • Monday January 10: One notice sent to an I-526 filed in 2016
  • Tuesday January 11: No action
  • Wednesday January 12: Denied one I-526 filed in 2015 and one I-526 filed in April 2019

In the entire month of December 2021, USCIS approved three I-526 and denied four I-526 and that’s all. (I updated my previous processing post with the full month log.) The estimated I-526 processing time will be very long if we have to assume that the many hundreds of pending direct I-526 will continue to be processed at a rate of less than 10 completions per month. We should not have to assume an indefinite meltdown, since USCIS has over 200 EB-5-fee-funded employees who could be and ought to be working on EB-5 forms. For direct EB-5 to remain an attractive option for project companies and investors, pressure must mount on USCIS to use its EB-5 resources to adjudicate EB-5 forms. And for regional center investment to have a future, we must also press USCIS to retain and use its EB-5 processing resources today.

Direct EB-5 visa timing and availability

Today’s Visa Bulletin is wide open for EB-5, because RC program expiration combined with processing barriers means that the visa stage currently lacks excess demand to control. The future visa availability outlook and timing calculation are complicated. Incoming direct EB-5 investors from China, Vietnam, and India have a slender chance to avoid future delay at the visa stage. This chance is unrelated to visa bulletin conditions today, which only apply to people later in the process. The chance for incoming investors exists if rapid USCIS processing plus delayed Congressional action combine to allow incoming direct investors to eventually reach the visa final action stage while regional center investors are still prevented from claiming visas. If that window closes, and older regional center investors are able (and willing) to rejoin the queue while newer direct investors are still waiting for I-526 processing, then the Visa Bulletin will jump and recent investors from China, Vietnam, and India will find themselves at the back of large regional center crowds (a 7-10+-year queue) at the visa stage. I prefer to avoid bets on USCIS promptness and regional center program failure.

Direct EB-5 project availability and due diligence

I plan to write more about finding and assessing direct EB-5 projects, and I am considering a directory of direct EB-5 contacts. If you have a current or future direct EB-5 project available and might be interested in such a directory, please email me at suzanne@lucidtext.com.

As a business plan writer, I’ve been working with a number of direct EB-5 ventures that could be wonderful for the economy. I hope that EB-5 policy and administration will improve to better reward good projects and their investors.

About Suzanne (www.lucidtext.com)
Suzanne Lazicki is a business plan writer, EB-5 expert, and founder of Lucid Professional Writing. Contact me at suzanne@lucidtext.com (626) 660-4030.

112 Responses to Looking to 2022

  1. Jermy says:

    Yes it is time to get behind AIIA. Thats the only hope.
    We need FIFPA done ASAP or else we will run the risk of having USCIS deny not only our pending petitions but also our future and health.

  2. Xian says:

    I request all investors to please..please join AIIA public zoom call on Jan 15th 2022. Its our time to know whats really happening and fully support the alliance to get FIFPA passed. We cannot destroy our future.

  3. Tian says:

    If our petitions get denied by USCIS, we must sue these regional centers to get back our funds. They are the ones who have stalled progress on EB-5. If we loose our future, it will be because of these regional centers, not because of Congeess.

    This is NOT acceptable. We are NOT weed growing in garden that could be uprooted by regional centers whenever they like. Investors are the ONLY ones who are at loss. We CANNOT let these people play with our lives.

    • robertwfrost says:

      Your ignorance and belligerence is mind-blowing!

      • Shuang says:

        As investors now always say to people like you: “Say hi to your employer. Tell them, investors are no longer buying their smokescreen.”

        Whom should we blame? Government with whom we are pleading to keep our petitions in abeyance or Regional Centers who are not agreeing to a settlement? Our petitions have been pending for almost 7 months. Thats a capital of at least $500,000. How much has your employer made already with our capital?

      • Xi says:

        Another employee of corrupt Regional Center industry hanging here. Go and tell your boss, we as investors will hold them accountable for playing with our future.

        You want us to sue government? Really? And get behind regional centers so they can continue keeping our money and destroy our well being.

        NO. Its not going to happen that way.

      • CO says:


        Are you Peter/Jeff/Bhavesh or who ? You are not evolved enough to understand, so keep your mouth and keyboard shut.

      • Rishi says:

        What do you suggest then? Lose all our money?

      • Kevin says:

        I cannot believe I gave so much of my life savings to the regional center.

        @robertwfrost Have some shame. Greed never ends well. Your masters will be legally punished.

        There will NOT be an avalanche of lawsuits against government if USCIS denies our petitions. We will launch an avalanche of lawsuits against the corrupt regional center “industry” who brought investors to this state.

      • Feng says:

        @robertwfrost How much you got paid to write this? Did your boss not give you a better job than to spend time and make money by playing your part in destroying the future of investors.

        Regional Centers will be held accountable. We are all behind this.

      • Since we’re in the year of information, lets use this thread to get specific. Give Robert a chance to explain. Ignorance around litigation is a real issue, for me personally and for many investors if not for Tian, and I welcome a more specific comment and input on this topic for our consideration.

        • Hugh says:

          I realize the anger amongst most EB-5 investors against regional centers for delaying (and some more delaying) re-authorization. Regional centers also are against grandfathering. With investments stuck and zero clarity on what’s going to happen in future (well USCIS can deny, so thats definitely a possibility), investors are in a bind and have been stitched up by politics, power and bargaining. Congress on the other hand seems in no mood to accept anything that forks too much away from the Grassley Bill.

          Litigation against government does not make sense. EB-5 RC is a pilot program. If petitions get denied, litigation against government will only help to buy time to investors to stay in US, while the judge decides the future. Government is not legally bound to provide relief. If it does, it will be solely based on mercy for investors who have been wronged by politics/system. The word “wronged” also does not have legal meaning — its more in the sense of empathy from the government. And such relief from government, if at all provided, will mostly likely be on individual basis, keeping in mind the conduct of investors and possibly any past litigation against government.

          Will litigation against government be successful? Attorneys that I have spoken to give me no solid argument against government, in case government denies pending I-485 and corresponding petitions. It seems as if it would be a “mercy petition” rather than really a lawsuit. It will really be upto the judge and government to decide if they want to let the investor settle in US or not. But the idea that litigation against government will be successful, just purely interms of forcing them to give green card is completely non-sensical.

          On the other hand, Regional centers have smartly inserted “RC program may be discontinued” in their offering documents. And their attorney will use it. But the argument against RCs relies on the fact that they acted to scuttle re-authorization as they were not in agreement with measures (reasonable measures) that Congress wanted to incorporate. Congress wanted to re-authorize and the program could have been reauthorized in time to avoid discontinuation of the program. Then it will be upto the Judge to decide if regional centers “intentionally discontinued” the program because they were opposed to idea of incorporation of “reasonable measures” — measures on integrity, TEA definations etc.

          I do not see any point in blaming government for the stalemate. They will do what is legally decided. Regional Centers can certainly offer relief, if they agree to give away their opposition and look at the big picture of the consequences for investors, in case petitions get denied.

          Time already has been lost. 7 months of no movement makes a big statement about the seriousness of regional centers to safeguard investors. Needless to say, regional centers have brought things to a critical junction.

        • Rishi says:

          I will be interested in knowing what Robert’s opinion is. However, the lack of knowledge on litigation is quiet intentional. And thats because from the perspective of investors, it would be like fighting a losing battle. In the case of denial of pending petitions, litigation against USCIS or government as some are calling it here, does not seem to be the right step. I mean wouldn’t judge ask the question: “RC has been discontinued. Why are you suing USCIS?”

          I too share the frustration against regional centers for their absolutely ignorance towards the safety of investors and their money. They were “nice” as long as we had not “yet” invested. The moment we “did” invest with them, we were treated like “just flies on the wall”. Why did we even go through so many discontinuations? We lose money whenever there is a stalemate.

          It seems regional centers have the attitude: “You can blame our greediness all you want..as long we continue making profits..” Hoping that such an industry will safeguard investors whose money is already with them will be wishful thinking. These centers only care about their profits, and providing false hopes to frustrated investors is now an “over-used” weapon in their armory.

          I am already gearing up to sue my regional center in case they do not refund back my money, incase our I-485s get denied. And I am not going to fall for their trap to vent out my frustration against the government, let alone suing the government.

      • Zoe Ma says:

        Wonder why you and your brother were sued by an EB-5 investor and you lost.

  4. Raj says:

    What about pending I131 and I765 applications for approved I526 cases that were filed prior to program expiring? Has anyone got those adjudicated after the expiration?


    • Gao says:

      Yes USCIS did adjudicate I-765/I-131 (combo cards) after program expired. Initially they did not, but they started doing it (I think) around October 2021 or maybe a little earlier.

      But now situation is more complicated. This is because they adjudicated combo cards before Dec 31st, 2021 timeline for re-authorization. Since that timeline has passed and there is no movement on EB-5 at the hill, I do not know if they are continuing to process combo cards in the New Year.

      But really it does not matter. We at risk of losing even approved combo cards as there has been no movement at the hill on re-authorization. We need FIFPA at least to start the process and protect ourselves from USCIS denying I-485 pending petitions. If pending I-485s are denied because no FIFPA talks or reuauthorziation, then we lose our status in US and may have to either litigate against government (with less hopes of success) or leave US voluntarily and initiate talks/litigation against regional centers to refund our money. Time already has been lost. We cannot refund that.

    • Dayna patel says:

      We got our Ead and travel parole last month dec2021 , I -485 pending and filed in Dec 2020.

  5. Anil Kumar says:

    @Suzanne we don’t know how many investors from China,Vietnam,& India have filled I526 petition to date following court Judgement in case brought by Behring RC in California District court.If large number of I526 petitions have been filled then certainly it will increase the time USCIS likely to take to grant conditional green card to the investors.

  6. EBHived says:

    Thank you for this information Suzanne. I will be joining the call and look forward to joining the AIIA / FIFPA train, let’s hope we can generate some momentum and help it to pick up steam.

  7. Kauffman says:

    Please please join AIIA. Spread the word and bring more investors to form the alliance of AIIA. We need each other to jointly fend for our future.

  8. waitingi485 says:

    To all Investors like me, please stick to very simple protocols

    1. Attend the AIIA meet on 15th Jan. Hear out the options.
    2. Silent protest at Capitol to bring attention. Lets add to the group created by Mr Das

    Flood of messages or a long worded essay here does not help.
    Simply shows the anger and frustration we have accumulated. Lets channelize this anger into something formative.

    • Mar says:

      I believe expressing “anger” is actually good because those are STORIES. We need be upfront. We can just sin in the benches and watch, We have to act and voice out ALL of our stories and opiniones. We are eduated profesional with a lot to offer. We followed the Law. All these stories are evidence to show why we are being negatively affected and how the system is negatively being affected. Being truthful about how is messes up with our life plans, how this is an insult to the legal immigration system, learning how the lapse is affecting HUMANS is actually a good strategy to present to Congress.

  9. Hoang says:

    @ Suzanne
    Do you have any news that Chuck Schumer will host an Eb5 meeting this week and consider attaching it to Omnibus in February 2022 ?
    Is there any possibility of success in this Omnibus way ?

    • This is the big question, and I’d love to hear it asked in AIIA’s webinar, and even better addressed by someone at the meeting (though that won’t happen of course). What I’ve heard so far (and would’ve guessed just based on what’s theoretically likely) is that Senator Grassley and Senator Leahy strongly oppose the 2021 industry consensus bill proposal, that Senator Schumer will not come out now to force EB-5 legislation that Grassley/Leahy oppose or prioritize EB-5 right now considering his other issues pending, and that Grassley/Leahy have yet to start and are unmotivated to expedite negotiations with the industry about a mutually acceptable EB-5 proposal. I’d love it if negotiators somehow managed to navigate all that for a creative solution leading to a February 2022 miracle, because we’re on the cliff of “too late.” I’d also love it if the meeting with Senator Schumer this week at least left attendees in no doubt about what the Senator is and is not willing to actually do, so that the negotiating position is clearer at least to those attendees, and their strategies can be adjusted accordingly.

      • CO says:

        Dear Suzanne,

        First and foremost, thank you for being the only genuine blog in EB5 world and allowing us the opportunities to make the world aware through your blog. Reauthorization is very contentious but can Senator Schumer, Senator Grassley and Senator Lahey be persuaded for FIFPA/Grandfathering in the interim despite some RC factions opposing it ?


        • Senators Grassley and Leahy are somewhat wild cards, since their EB-5 activity is motivated by their own views and legacy in EB-5 rather than the interests of particular EB-5 constituents. Theoretically, their support would depend on how they understand grandfathering working with their reform efforts. Senator Schumer’s EB-5 involvement simply represents regional center constituent interests, so RC opposition would be directly reflected in his actions. For stop-gap grandfathering to have any hope, RCs would have to recognize their self-interest in such an interim solution, such that they want to support it. I tried to highlight a few self-interest points in my post, and a few RCs are already on board, but this needs much more work.

  10. Ankur says:

    Alright folks. I mainly read and never participated in comments. Quite a lot of anger already against regional centers. Justified though. So in hindsight and after reading all comments in this and previous blog, pretty sure AIIA is the only forum where we can know the truth and have information on what really is going on.

    I will be supporting AIIA from today. Lets get FIFPA passed. Attending #15JanWebinar

  11. James says:

    Quite cruel to leave investors in uncertainty. This is when we invested so much money. Imagine all the work to save that much, bring it to US and then…getting stuck in a situation where you are at risk of losing everything. Its just cruel.

  12. Rg says:

    I have a question: what if appropriations committee actually comes to an agreement and passed the budget on 18 Feb 2022 ( no more CR);
    a) would it be easy to attached FIFPA onto that?
    B) what would the implications be on reauthorisation after that (seen as though there is no agreement yet on reauthorisation)? would it be the final nail in the coffin? how would they be able to reauthorise thereafter?
    c) where are we investors left?

  13. Ron says:

    I feel more angry at the fact that “we” have to “convince” these regional centers to allow FIFPA as an “interim benefit” until full re-authorization, so investors could be safeguarded. We gave them our money. So all this while, these regional centers were even opposed to the idea of FIFPA as an interim benefit? I cannot believe this. Me and my family have to go through these torturous hours of unrest just because these regional centers need to be convinced to allow FIFPA as an interim benefit. I would sue these regional centers, not just for destroying my investment but also for causing damage to my family’s well being.

    If investors go down, so will these regional centers. They will be taken down through justice.

    • Mari says:

      Absolutely agree. NO, we need to stand strong with Regional Centers. First of all they ARE NOT ABOVE THE LAW. We followed the Law and did our part. They need to actual responsible, Professional and abiding. Ron I understand what you are going through and your story. I think we should form groups within AIIA and work on similar stories to form a more cohesiva strategy

  14. Xian says:

    7 months..7 months of no I-485 processing. Time wasted. Health deteriorated. And investment in serious jeopardy. I will never forget this pain
    … and those who brought it on us and our families.

    • Mari says:

      Please write a draft about this story. How this deteriorares health is an important tópic for our strategy efforts

  15. Dil says:

    I invite everyone here to imagine how the world would look like if AIIA disappeared, or is unable to pursue FIFPA, due to lack of funds.

    If you want to see AIIA strengthen, ATTEND the Jan 15th call and DONATE. Nothing else matters.

    • CO says:

      The factions of RC industry who got Senator Graham to sink the G/L bill have been opposed to AIIA from the inception. AIIA is just not about grandfathering. They just don’t want investors to have voice or an organization which has a sit at the table.

      It’s new age imperialism and they are the new colonial masters. Even after FIFPA , investors need a powerful voice for capital redemption. Trust me, most of the RC do not want to return your capital back. COVID is such an excuse that they took money from taxpayers in some form and are going to swallow all our capital. It’s a well crafted game plan and united investors with AIIA can spoil it all for them.

  16. Bumble Bee says:

    After standing on the sidelines all this time, I have donated to AIIA. Lobbying is the only way grandfathering gets done. Silent vigils are not going to help – No politician is going to step forward to address the concerns of “rich immigrants” in an election year. It’s just bad optics.

  17. Daniel says:

    The situation we find ourselves in as investors is nothing short of farcical and reflects very poorly on the U.S. I plan to attend the AIIA webinar and donate to their organization as they seem to really understand the plight of investors and approach the issues with common sense. (And thank you Suzanne for your wonderful work).

  18. Ricardo says:

    I would like to know how we can find best attorneys to sue these regional centers if our petitions get denied. My understanding from my civil attorney is as long as regional centers are creating hinderance in bringing the processing of I-485 back, then they can be taken to court. I want my funds back from these crooks and have them compensate for posing serious harm to my money and well being. I will make these crooks pay for threatening to destroy our investment.

    • I emphasize information, since there can be no accountability without it. As it happens “the crooks” are not regional centers as a class, or every RC individually. It is a few people, with the “malice or stupidity” motive open to question. I’d say at least 80% percent of regional centers have no involvement in or influence over EB-5 legislation whatsoever. Of involved RCs, a good number have supported Grassley/Leahy and the principle of reauthorization ASAP at almost any cost. The few RCs behind the Grassley/Leahy bill block have mostly taken care to hide their political activity, and those who are brave enough to go public have a plausible-sounding argument that they’re also pushing hard for legislation and the RC sunset is G/L’s fault for blocking them, not their fault for blocking G/L. I can imagine a role for civil litigation in accountability, but litigation will require intel about who specifically is creating what specific hindrance. I can only guess at the identity of the culprits, which is why I defer to people who are on the ground in DC and motivated to collect specific facts about what’s going on. The particular RC that holds your funds may or may not have any fingerprints on what’s happening with legislation, so you’d want to collect info before proceeding.

      • Munir says:

        I think its quite important to realize that regional centers are blocking grandfathering or FIFPA (as AIIA calls it) or anything similar that would grandfather existing investors as a standalone bill. Its not Grassley who is blocking grandfathering. Infact, he could be moved towards supporting it as long as his reforms would be taken care of later. Grandfathering is not controversial and probably all senators would agree to support it without much opposition. But the support is not there from regional centers. And this is the main issue — the issue of regional centers not helping in providing relief to investors. If you were to go by regional centers plan of action, there will no re-authorizaition at least in the first half of 2022. The talks will again get pushed to October 2022 (budget talks for next fiscal year), and USCIS will then be under pressure to deny pending I-485. They are not going to keep holding onto pending I-485 until October 2022. And if that happens, standby to see the reaction of investors.

        The anger against regional centers is understandable. If support is provided by Regional centers, just merely by stopping their efforts to scuttle grandfathering, then distress amongst investors can be released — but regional centers are not helping with it. The fact that we as investors have to go through all of this and seeing no movement in EB-5 re-authorization or grandfathering is devastating. All of it could be avoided if RCs would just do the right thing — at least support investors to get grandfathered. But they are not doing it. And thats why I agree with the anger of investors pointed at them.

    • Investments Matter says:

      Another brave inventor that admits health is deteriorating. This cannot happen. We must organize ourselves

  19. Jay says:

    One of the duty and role of the government is to implement effective programs which benefit both society and commerce alike. Depending on the merit and potential benefits, these programs will be adapted by commercial entities if they are deemed financially viable. In EB5 ecosystem, RC’s are one of the many stakeholders but they should not be decision makers. If a particular RC or RC’s are not ‘ok’ with current government policies then they should either adapt their business as per existing norms or look for other opportunities. I find it hard to believe that in a country like US, which is a beacon of capitalism, is enforcing ‘my way or the highway’ legislation and strangling honest investors who had invested in ‘good faith’ along the way. Both ‘legislators’ and ‘RC’s’ are at fault, one for it’s careless attitude and other for its inherent ‘GREED’ for easy monies. It seems that elected official have completely forgotten that EB5 program is a two way street where both parties (‘investors’ & ‘government’) are entitled to certain benefits during this process. By the looks, government is firing from RC’s shoulder and absolving itself of all responsibilities. We investors are busy blaming RC’s and infighting amongst ourselves and the so called ‘BANANA’ government is getting a free ride.

  20. Dimps says:

    Everyone is talking about FIFPA. However if I’m to understand the way it works is that it needs to be introduced as a bill in the house or as an addition to a bill. Is that the case?
    Otherwise FIFPA is just a word.
    And reauthorization is the only way forward.

  21. Kim says:

    Why can’t we at least bring FIFPA as an interim benefit for existing investors until re-authorization talks conclude? Regional center industry is even opposed to this and won’t support it? If yes, then I agree anger against Regional center is completely justified and they should be held accountable.

  22. Gabriel says:

    Brothers and sisters, please attend today’s AIIA webinar: Jan 15th 2022 at 6:00 PM Pacific Standard Time. This is OUR forum. OUR Alliance to protect ourselves with FIFPA.

  23. Ric says:

    I attended the AIIA webinar today. Great work AIIA. Please continue on. You guys won me over today and I will support your efforts.

    And as Ishaan said there are over 30,000 EB-5 RC investors whose petitions are on hold. Given the amount of investment at stake, a mere donation of $100 can do a lot interms of increasing the success rate of FIFPA. Please spend the word about AIIA, and request every investor to donate at least $100. Its really a drop in the ocean when compared with $500,000 at stake but makes a huge impact if all investors do their part and make the minimum donation.

    Please spread the work about AIIA: Twitter, Facebook or local media if you are in US. We need every EB-5 RC investor, be it in China, Vietnam, India, Brazil, UK and wherever, to be informed about what’s going on with EB-5.

    • Daniel says:

      I was very impressed with AIIA during the webinar. Their reasoning against pursuing litigation at this stage, in favour of FIFPA makes sense. With no apparent congressional opposition to this potential bill it seems to me (as an investor with an approved 526) to be the best option available.

  24. Ricardo says:

    IIUSA is saying that they are confident that re-authorization will happen by Feb 2022, but in reality there has been no movement at the hill in terms of talks. Seems like the regional center industry asked IIUSA to put out this hope to investors so investors will not ask for refund from them.

    If by Feb 18th, 2022 or even end of Feb there is no re-authorization, then investors should unite to put in a class action lawsuit against industry to get our funds refunded.

    We can hire Brad Banias (https://twitter.com/ImmAttyBanias?s=03) a former Department of Justice trial attorney to put in the class action lawsuit against the regional center industry to have our money refunded. Brad is quite experienced in fedral litigations on immigration and I am sure we will have a good chance of success if we consider him.

    Why should we keep waiting past Feb 18th. The deal was to get green card, and if we not getting our share of the deal, we should pull our money out. Otherwise it will be in the hands of those regional centers who will just keep making interest money from our investments, and we may eventually end up losing all our money too, not just green card.

    • Liu Zhang says:

      I am already beginning to pursue litigation against my regional center. I first tried to talk to them so we could reach a mutual understanding about refunding my money back, but they hung up on me. I will now sue them. I deserve not only my $500000 back but also money regional center made as interest when the program lapsed.

    • Liu Zhang says:

      And I spent over 10 years in US. My kids go to universities here and I still have to put up with this non-sense. If the regional center will not refund my money, I will see how they are able to operate. They think they can enjoy life with my money. I will hire the best of law firms and get every penny back from regional center and will make them pay through legal channels. I will see how they are able to continue their business after destroying my and my family’s future.

    • CO says:

      I used to have a better opinion of IIUSA and confidence but reflecting back, I thing they are equally criminally culpable. They allowed decoupling without a back up plan and have not made much efforts for reauthorization.

      Their opposition or non-support for FIFPA is absolutely criminal, horrific and horrendous. They are sitting on huge amount of hundreds and hundreds of millions of dollars, if not billions. The prolonged lapse allows them to redeploy and keep on minting money by enslaving the investors. I am totally disgusted with them as well, just like EB5 IC.

      • Prasad says:

        They are just an outlet for regional centers. They only vouch for industry, not for investors. My guess is donations are just too enticing. Just wait and see when Feb 18th deadline is over, and IIUSA will come out and say “Oh, you know what Congress had OTHER priorities…so we will have to wait until October 2022”..Ridiculous….Best way is to just wait until Feb and if nothing happens, get your money refunded from regional center. Judges will be far more receptive towards investors against regional centers than they would be if investors were instead suing government.

  25. Jason says:

    I feel a sizeable number of EB-5 RC investors still are unaware of the risks we are currently in, especially investors in China who rely mainly on their immigration agents or worse regional center for immigration news. RC industry has smartly kept these investors in dark.

    We need to spread the word about grandfathering/ FIFPA in China, and seriousness of action. Specifically they need to be informed about what investors set to loose (investment and green card). We need chinese investors to be informed about FIFPA and request them to donate atleast $100, a meager amount compared with investment at stake.

    Please if you are from China or have investor friends in China, please let them know about FIFPA/grandfathering.

  26. Chen says:

    @Ricardo I like the idea of class action lawsuit against regional center industry to get our investments refunded. We have the right to get back our investment if we are not getting the immigration benefit. I also have law firms that I am speaking with but will only consider Brad Banias. I think we should work together in checking our litigation options against the regional center industry.

    • Russel says:

      I will too join the lawsuit. But I do want to wait and see what happens until end of Feb 2022. If nothing happens on re-authorization or grandfathering by Feb, then count me in.

  27. Marcello says:

    Why are we only talking about getting our investments refunded? What about the interest money regional center industry is making from our invesyments during the time the regional center program has been discontinued? If there is no program, there should be no interest money RCs can make. Thats our money. We have the right over it.

    • James says:

      Because these regional center industry folks are greedy. They have our money and they feel they can wine & dine with it at our expense with no consequences.

    • Shawn says:

      Primary objective for most of the investors would be to get the EB5 process is on back track. So instead of litigating for refund of money we should litigate on RCs that are blocking the reauthorization/grandfathering bill!

  28. Rafa says:

    I filed a Direct EB5 I-526 Petition in late October 2021. Based on current trends, how many months do you think it will take to process? Also how many direct EB5 I-526 petitions do you think are waiting to be processed right now? Love this blog and appreciate the authentic information and news that you supply Suzanne!

  29. Gabriel says:

    @Ric I agree. We need more investors in RC program to be aware of FIFPA. The webinar yesterday was attended by i believe around 300 people. There are around 32,000 investors whose petitions are at risk and are being held in abeyance. Most investors are in China and we need to get the message regarding impending risks to EB-5 RC to them. Can AIIA start a Facebook page to disseminate info on FIFPA in China? Maybe an intensive PR campaign will help to spread the message to all investors.

    • Suzy says:

      The Chinese investor community is getting to know FIFPA and start donating to AIIA. Due to time zone differences and language barrier, they may not be present at the zoom conference last weekend, but volunteers made summaries and spread the words in multiple WeChat (a Chinese chat APP) groups. According to AIIA, there will be another conference dedicated specifically to Chinese investors with David (from AIIA) as the real time translator. We are all in this together.

  30. Rick says:

    My attorney supports grandfathering. He also believes that U.S Immigration Fund (https://visaeb-5.com/leadership/) is the most powerful regional center, interms of lobbying and connections with Senators, especially Lindsay Graham. And his understanding is that it was U.S Immigration Fund that blocked re-authorization through Lindsay Graham in June 2021. However, my attorney is not sure if U.S Immigration Fund will support grandfathering. If any regional center investor has invested through U.S Immigration Fund, can you ask them where they stand on FIFPA.

    I foresee absolute disaster if FIFPA is not passed and USCIS begins denying petitions after waiting for a considerable period of time for any movement in EB-5 re-authorization or FIFPA.

  31. Xi says:

    Anyone knows what’s the rate of interest that regional centers collect from our investment? Is it like 4-5%?

    • EB-5 Investor says:

      Should be around like 4% of $500,000 — enough to mint as much for a free pass at everyone else’s investment at stake. But don’t worry They won’t stop. Our money will keep getting sucked by these leeches.

  32. Santiago says:

    The chairman of U.S Immigration Fund regional center, Nicholas Mastroianni III, seems to have a colorful history of defrauding investors. Read this: https://www.palmbeachpost.com/story/news/2020/01/29/harbourside-place-developer-nick-mastroianni-ii-faces-new-lawsuit-saying-he-defrauded-investors/112232128/

    And this regional center has access to Lindsay Graham? If yes, then..I don’t even know what to say.

    • Shane says:

      God!! I cannot come to terms with the idea that this Nicholas and his regional center with the background they have are deciding our fate. Deceitful.

    • BAKLOL says:

      Mastrionni is a crook. Google him and you will find out more what a sleazy guy he is.
      Lets call other crooks – Jeff C from Pathwyays, Behring from Behring RC

  33. Karan says:

    If it’s not too much to ask , could someone summarize what the townhall with AIIA was about ? The key points I mean. I was unable to attend it but I am very curious on what the situation currently is and what is AIIA’s plan for FIFPA

    • Daniel says:

      They will put the video up on their YouTube channel.

      In summary:
      • confident on FIFPA – no congressional opposition raised in DC meetings and their lobbyist is a former congressmen who was involved in creating EB5.
      • They need funding to push this bill and raise awareness.
      • They see this being enacted before reauthorisation and don’t suggest litigation at this stage as it’s unlikely to work, and may trigger a mass denial of 526’s from USCIS.

    • C says:

      From Dil:
      While we wait for the YouTube video of AIIA’s public call, here are the main points:

      1. Members of Congress have not even begun to seriously negotiate the reauthorization package.

      2. Reauthorization (via the consensus bill) is unlikely in Feb.

      3. It could happen later, but that would mean a longer wait for investors.

      4. We need to push for FIFPA (even as reauthorization efforts by RCs continue).

      5. AIIA is confident of getting it done, and hopefully soon, although the timeline cannot be guaranteed.

      6. AIIA’s plan can be split into three phases (not sequential):

      (A) Raising awareness among the public and the Congress
      (B) Raising the urgency for FIFPA to be discussed by the Congress members
      (C) Attaching it to a legislation and getting it passed.

      These can happen somewhat in parallel.

      7. The legislative vehicle is the easier part, getting it discussed and accepted is the harder part.

      8. AIIA is planning to hire a public relations firm to help with this.

      9. With lobbying and public relations, AIIA needs the support of everyone to ensure that FIFPA can be pushed with adequate force and passed.

      10. AIIA would like to be held accountable to the donors and supports to get FIFPA passed.

  34. Dimps says:

    Once again,
    Has the FIFPA bill been added to any bills or if it’s a standalone bill which Representative is supporting it or going to introduce it?

    • Daniel says:

      They’ve had offers of sponsorship for the bill. They said they’re not worried about what vehicle to attach it to, they are instead focussing on building support and awareness. I think it’s to stop any opposition mustered from RC backed congresspeople.

      • Dimps says:

        Thanks Daniel. An they you mean AIIA I guess.
        Also do you think it’s going to be attached in February

        • Daniel says:

          They don’t have a definitive timeline, but they’re not worried about what vehicle to attach it to. For now they need funding to continue efforts to educate members of Congress to get this passed. IMO they were quite frank in wanting to be very transparent to investors and not make false promises or timelines as they must work within the broader political landscape.

  35. Dipti Bhatt says:

    Hi, can someone help me understand, If FIFPA is passed successfully, we can get our green card, but what happens to our investment of USD 500,000/- with RC? Does AIIA has any input on that? how do we recover that if RC pilot program is discontinued for longer time? Please guide, having to pay USD 500,000/- for get green card after 5-7 years is worth if we are not going to get our investment back?

    • Vadim says:

      Hardcore EB5 investors care only about GC now. We will return to the question of 500k with full rage once they denied our applications. However 99% of RCs will declare bankruptcy from the day one, let’s say because of the Covid-19 and no one will get their funds back anyway.

      • Andy says:

        how could they declare bankruptcy, if for example the investors in a hotel, are partners in the hotel that is finished and running? in that case the regional center could not do it, if the project is finished and working.

    • CO says:

      @Dipti Bhatt

      TWO aspects of EB5- Immigration and Capital redemption. When we invested, we were more or less completely sure that IMMIGRATION will not be jeopardized, despite program being temporary as nobody expected prolonged lapse. CAPITAL REDEMPTION was the tricky part but we took a risk with that.

      However CAPITAL REDEMPTION is not even on the horizon as the primary purpose of IMMIGRATION is completely jeopardized and seems impossible, the way the things are.

  36. Song says:

    Please do not let regional centers ruin your money. Its better to be prepared. If you are planning to litigate against regional centers or want to look at litigation approaches to protect your future, I would recommend reaching out to Brad Banias: https://twitter.com/ImmAttyBanias/status/1481980971218055169?s=20.

    You can email him at eb5delay@wasdenbanias.com

    Please reach out to him to know how can investors be prepared and protect themselves through litigation.

    Brad Banias is a federal court immigration litigator and former DOJ trial attorney.

  37. Park says:

    If you are a Chinese EB-5 RC investor, please spread the word about what’s going on with EB-5 regional center lapse to your fellow Chinese EB-5 RC investors. Chinese investors form the major chunk of investor share in RC. Please let them know about FIFPA/Grandfathering and AIIA, and please request them to donate at least $100.

    We will have to protect ourselves on our own. The false promises of the regional center industry will destroy not only our chances to get green card but also our investment.

    We need our brothers and sisters in China to know about FIFPA and the need to have it passed to safeguard our future. Please ask your attorneys to reach out to EB-5 investors to support grandfathering. We need to act to protect ourselves.

    • Suzy says:

      Chinese investors may not be voicing their concerns and anger on this website due to language barrier, but thousands of them did join and donated to AIIA. Let’s fight this fight together.

  38. Serg says:

    At the beginning I was hesitant to support AIIA. But gradually I changed my mind about them and yesterday I made my first donation to support them as an investor. GO AIIA! The Force will be with you!

  39. Suzy says:

    As a Chinese investor who started donating to AIIA from last Oct, I want to add something here. During AIIA’s visit to DC to get more senators onboard, four of the members in the leadership team got covid and was ill. They did not brag about their effort and they even payed the travel and hotel expenses during self quarantine themselves. They DID NOT use any funds from the donators. The youngest member who got sick is the volunteer David from China, and he is only 19 years old. He has been a translator for the Chinese investors since day one. I just think that we should all say “thank you” to them and appreciate their commitments. Compared to RCs, they are so responsible and honest. I will keep donating and spread good words about AIIA.

  40. BAKLOL says:

    These guys are responsible for the lapse –
    Mastrionni is a crook. Google him and you will find out more what a sleazy guy he is.
    Lets call other crooks – Jeff C from Pathwyays, Behring from Behring RC

  41. Shuang says:

    I would warn all EB-5 RC investors to be careful with the actions of their respective regional centers. A lot of investors are pulling their funds out, and this will lead regional centers to fudge financial records to show that the project has fallen in trouble. This is the ripe time for regional centers to indulge in fraud, financial misrepresentation and completely swallow our investments. Your EB-5 attorneys are not going to help either, as most of them receive commission from regional centers for investors who get forwarded to them by attorneys. Please stay VIGILANT.

    Please DO NOT trust regional centers. Please use your due DILIGENCE at all times.

    • Rodolfo says:

      I won’t be suprised if regional centers do use this opportunity to keep our investments. And I won’t be suprised when the fraud comes out, an AVALANCHE of lawsuits from investors to bring these thugs to justice.

      • Zelda says:

        The suits must state that we NOT ONLY deserve the 500 000 back, but all the lawyer fees, and compensation for emotional distress and health deterioration through the years. RCs should return at least 600 000 to 700 000 accounting to all the damages they have inflicted

  42. Garcia says:

    The lapse in EB-5 RC makes it worthless for me and my family to continue with the immigration. My children are going to age out. However when I contacted my regional center, they had a very aggressive attitude, almost as if they are challenging me. I wanted my money back because if my children age out, it won’t make much of a sense for just the parents to get green card. We were doing EB-5 for our children. I don’t understand why regional center will not refund my money. Can anyone recommend what step I should take? Are there attorneys who could file litigation against regional center…if yes can anyone recommend an attorney?

    • Andrea says:

      Changes a few yrs back ‘froze’ the child’s age while i526 is pending. This should increase odds of not aging out.

  43. Soto says:

    I have a hard time digesting that even though RC program has lapsed, the regional center mafia continues to put our investments at risk and make interest money off of our investments. Why should these regional center leeches get away with this? The fact they are sucking our money, even when the program is on hold & petitions are not getting processed. This in & of itself testifies to the corrupt & deceitful framing of the regional center law.

  44. Shuan says:

    Me and my family are undergoing severe distress over the halt in the processing of I-485. Due to Covid, my buisness in our home country lost most of our revenue and I am left in a critical financial situation. My I-526 was appoved but I have not yet received my combo card, so I cannot work in US. My investment in regional center is at stake but i do not get any immigration benefit yet. My combo card application has been pending for 13 months now, and with the lapse there has been no movement in I-485.

    I do not want to wait more because of the lapse. The lapse in RC is not my fault, nor it is the fault of investors. Its the fault of Regional centers who did not agree to re-authorization in June 2021. I want my investment back as I am not getting a fair deal.

    I asked my regional center to get into an agreement to refund my money, but they did not agree and were very agressive. Me and my family are the ones who are suffering. Can someone advice me where I can find best federal litigators to get my money refunded.

    There has to be a legal way. The halt in RC is due to regional centers. Congress did try hard to get the program re-authorized in June 2021 but the industry intentionally blocked it. There has to be a way through justice to get a fair deal — neither me or any of the investors stopped re-authorization. The offering document says that RC program may lapse or be eliminated, but what if the lapse is “intentional”? The more time the program stays lapsed, the more money regional centers make on interest, at the cost of investors. Justice has to be served and should take into account that industry has “intentionally” blocked attempt to re-authorize in June 2021. Otherwise the Congress made “reasonable” efforts to get the program re-authorized in June 2021.

    Please provide me references for federal litigators. I want to really pursue the legal channel against regional centers and bring justice and accountability.
    I will not let these thieves, these regional center mafia to kidnap my money like that and then see me getting destroyed.

    • Mercer says:

      @Ricardo ..in one of the comments above suggested Brad Banias (https://twitter.com/ImmAttyBanias?s=03). You might want to speak with a number of attorneys to figure out which litigator has the best record. I also have litigators that I have spoken to, but I am waiting until Feb 2022. The lawsuit will carry more weight if you wait until yet another timeline of Feb 2022 as thats the date industry has been propagating to the time when the re-authorization will take place — I personally do not think re-authorization will happen. My attorney has also told me that. So just want to wait out until Feb 2022 and then file the suit. In the meantime you can do the homework by speaking with various federal litigators to be prepared to file the suit when the time comes. Also I anticipate someone investor trying out a class action lawsuit. So you could also look out for those.

    • Investor says:

      Shuan – I absolutely empathize with your situation as I’m also a fellow investor who has been stuck in limbo. I applied for my I-485, EAD and Advanced Parole in December 2020 before the RC lapse. I got my EAD and Advanced Parole end November 2021, which was unexpected given the lapse, but indication that there is processing happening for approved petitions. I just wanted to let you know that so please don’t lose hope. Regarding filing a lawsuit against your RC, while the decision is yours entirely, I personally feel it is a case of throwing good money over bad as you will have to incur high lawyers fees etc. – something to keep in mind. Just my opinion so please take it for what it’s worth. All the best!

      • VK says:

        Did your I485 approval come through prior to the lapse to get the EAD processed? I applied in Feb 2021 for I485 and EAD with advanced parole. There has been no movement.

        • Investor says:

          VK – my I-485 is still pending. However, my EAD and Advanced Parole was approved and received during the lapse. All documentation was filed prior to the lapse in December 2020.

          • VK says:

            Thanks! That’s great news. I applied for the three in Feb 21. Hope they process the EAD and advanced parole so I don’t have to struggle with employment in the US in the interim from a Visa standpoint.

  45. EB5swordsmen says:

    @Suzanne, as I said last year, welcome to the Chaos. Blind and innocent people are everywhere. EB5 RC investors, Don’t Look up!

  46. Chou says:

    My attorney just told me that there has been no movement in re-authorization at the hill. As per him, its safe to assume that there will be no re-authorization atleast until October 2022.

    • Jason says:

      My attorney also informed me, although he did say there was only some movement, but nowhere close to actually getting anything resolved. With just less than month left, its unlikely any reauthorization will happen in first half of 2022.

    • Garcia says:

      Forget about reauthorization. There will be none anytime soon. The industry will yet again come back with an excuse, stating that reauthorization did not happen on Feb 18th because Congress had “other priorities”.

      Welcome to RC program: Thugs, Crooks and Pathetically Shameless.

      • Anil Kumar says:

        @Garcia,RC nothing else but Thugs,Crooks and selfish that is why they are in driving seat at the cost of ordinary investors whose only fault is that they they want to invest In USA economy and legally want to immigrate to USA

  47. Tony says:

    I’m surprised that the founder of EB5 Marketplace does not want reauthorization. But he does want grandfathering law to protect existing investors. I’m not sure if he has any influence on EB-5 industry as well as congressional activities.
    “No reauthorization doesn’t mean leaving past investors out in the cold
    Existing EB-5 regional center investors are stuck in limbo right now as their applications remain frozen due to the lapse of the Regional Center Program. The U.S. government has an obligation to live up to its end of the bargain: adjudication of the petitions of investors who invested and filed in good faith. To do otherwise, would be just plain wrong and would negatively impact our immigration reputation.
    Simple grandfathering legislation can protect those investors who filed their petition when the program was authorized. Take care of past regional center investors who acted in good faith and end the program with that.”


    • Tony says:

      I would strongly recommend AIIA contact Kurt Reuss. I’m sure he has strong connections in EB-5 industry including government agencies. He published a lot articles in EB-5.
      Please connect all important people who support grandfathering law. I’m sure that they will help with ideas and their relationships.

    • Jarvis says:

      And Kurt Reuss, the writer of this article asking not to re-authorize, is a member of IIUSA. And IIUSA told investors that re-authorization will happen by Feb 18th. But so far negotiations are nowhere close to getting the program back on track. Yet another instance of IIUSA deceiving investors with a “false-possitive” hope. With almost no movement in Congress, its now clear that there will be no reauthorization by Feb 18th, and most certainly nothing in the first half of 2022. But industry jutst won’t tell you the truth, so the invedtors wont get together and ask for refund.

  48. Anthony says:

    Regional Center reauthorization is now a lost battle. It would be wise not to pin hopes on it.

    If you are an investor, please support AIIA: https://goaiia.org/ . AIIA is currently trying hard to atleast get grandfathering/FIFPA done in Congress. They have hired a lobbying company which is helping them in spreading the need for grandfathering in Congress. Please donate to AIIA, as they need monetary support to keep lobbying efforts going. Please donate atleast $200, which is a small amount compared with the investment at stake. Please spread the word about AIIA amongst other investors and encourage them to donate to AIIA.

    If all investors donate only $200, AIIA will be able to get grandfathering added to an omnibus bill. But they need our support to keep up the lobbying efforts.

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