Trending...
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Spinnaker Chocolate Expands with New Factory and Café in Wallingford
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
WESTON, Fla. - Washingtoner -- U.S. Magistrate Judge Jaqueline Scott Corley seemed to indicate in yesterday's hearing in the
Behring Regional Center LLC v. Wolf et al. that the Department of Homeland Security's
regulation changing TEA and investment amounts in the EB-5 program were not properly
promulgated by Kevin McAleenan. The Federal Vacancies Reform Act simply did not permit
that action to be taken and that any subsequent attempt ratify that invalid action by the current
Administration would not be valid. EB-5IC is very pleased with the initial response from Judge
Corley. Laura Reiff opined, "This could lead to holistic EB-5 reform." She continued, "The EB-
5 Regional Center Program is basically dead. We need to have meaningful reform that protects
stakeholders and doesn't inadvertently hurt those it was intended to protect. This is why the suit
was brought."
The EB-5 Regional Center program (the "RC Program") is set to expire on June 30, 2021. While
there is cause for concern, there is a growing consensus that if meaningful reform cannot be
achieved in a short period of time, the RC Program should be re-coupled with three other
More on Washingtoner
immigration programs that it was coterminous with prior to 2021. This would allow time to
achieve the holistic reform that Laura Reiff referred to. Jeff Campion mentioned, "We believe
integrity measures can be implemented that will improve the program. We also believe that visa
backlog issues need to be addressed and can be." He added, "In the time of a pandemic, we have
a solution to help spur on job creation at no cost to US taxpayers– it's EB-5. To do that we need
visa relief."
Judge Corley should be issuing a written opinion in the next two weeks which will be pivotal in
the EB-5 industry. If summary judgment is granted to the plaintiff, the old minimum investment
amount of $500,000 for TEAs would be in effect. "This could what we need to breathe life into
the industry and craft meaningful legislation to have a robust EB-5 industry," stated Laura Reiff.
http://eb5coalition.org/?fbclid=IwAR254ydSQ5waVWSMNLFuY5tSlJPGQ0WaVFAvORx84iM5Pkg-LFQ7ve4sJGY
Behring Regional Center LLC v. Wolf et al. that the Department of Homeland Security's
regulation changing TEA and investment amounts in the EB-5 program were not properly
promulgated by Kevin McAleenan. The Federal Vacancies Reform Act simply did not permit
that action to be taken and that any subsequent attempt ratify that invalid action by the current
Administration would not be valid. EB-5IC is very pleased with the initial response from Judge
Corley. Laura Reiff opined, "This could lead to holistic EB-5 reform." She continued, "The EB-
5 Regional Center Program is basically dead. We need to have meaningful reform that protects
stakeholders and doesn't inadvertently hurt those it was intended to protect. This is why the suit
was brought."
The EB-5 Regional Center program (the "RC Program") is set to expire on June 30, 2021. While
there is cause for concern, there is a growing consensus that if meaningful reform cannot be
achieved in a short period of time, the RC Program should be re-coupled with three other
More on Washingtoner
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
immigration programs that it was coterminous with prior to 2021. This would allow time to
achieve the holistic reform that Laura Reiff referred to. Jeff Campion mentioned, "We believe
integrity measures can be implemented that will improve the program. We also believe that visa
backlog issues need to be addressed and can be." He added, "In the time of a pandemic, we have
a solution to help spur on job creation at no cost to US taxpayers– it's EB-5. To do that we need
visa relief."
Judge Corley should be issuing a written opinion in the next two weeks which will be pivotal in
the EB-5 industry. If summary judgment is granted to the plaintiff, the old minimum investment
amount of $500,000 for TEAs would be in effect. "This could what we need to breathe life into
the industry and craft meaningful legislation to have a robust EB-5 industry," stated Laura Reiff.
http://eb5coalition.org/?fbclid=IwAR254ydSQ5waVWSMNLFuY5tSlJPGQ0WaVFAvORx84iM5Pkg-LFQ7ve4sJGY
Source: EB-5 Investment Coalition
0 Comments
Latest on Washingtoner
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Spokane: Water System Project Will Impact Northwest Intersection
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Spokane: Area Fire Marshals and Surrounding Cities Enact Burn Restrictions
- City of Spokane Announces 2026 Inclement Weather Plan
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- Spokane City Council Adopts Engagement and Enforcement Ordinances
- Spokane City Council Approves Safe and Welcome in Spokane Ordinance
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025