EB5 Investors Magazine Volume 2 Issue 1 | Page 72

Regional Center Retrospective The Glowing Beacons of EB5 Regional Centers

by Courtney Creedon and Jinhee Wilde
EB5 Investors Magazine has mapped out the glowing beacons of EB-5 Regional Centers . Each active regional center in the United States is indicated on this map to help you identify hotspots of EB-5 .
TIMELINE
Regional centers are active across the entirety of the United States , channeling investor funds into economic development and job-creating projects . To contact any one of these regional centers , consult our comprehensive regional center directory on page 75 , with verified contact information for active EB-5 regional centers .
November 29 , 1990 EB-5 program established through Immigration and Nationality Act
October 6 , 1992 EB-5 Regional Center program created , 300 visas set aside
September 10 , 1993 ; June 27 , 1995 Paul Virtue issues two key legal opinions , allowing investors to pool their money and allowing promissory notes
1997 Congress increases setaside visas to 3,000
1997 Consuls at U . S . embassies abroad sound the alarm , INS reevaluates EB-5
December 19 , 1997 INS General Counsel David Martin issues memo , effectively shuttering the regional center program until 2002
December 1998 Matters of Ho , Hsiung , Izummi , and Soffici . INS issues four precedent decisions , elucidating the requirements of the EB-5 program
August 16 , 2001 James F . O ’ Connor and James A . Geisler of InterBank convicted of fraud in connection with their abuse of the EB-5 program
November 2 , 2002 Congress amends EB-5 law to provide relief to those affected by 1998 changes
November 25 , 2002 Homeland Security Act signed into law , shifting INS responsibilities from Department of Justice to Department of Homeland Security
70 EB5 Investors Magazine
70 E B 5 I n v esto rs M ag a z ine November 25, 2002 Homeland Security Act signed into law, shifting INS responsibilities from Department of Justice to Department of Homeland Security November 2, 2002 Congress amends EB-5 law to provide relief to those affected by 1998 changes August 16, 2001 James F. O’Connor and James A. Geisler of InterBank convicted of fraud in connection with their abuse of the EB-5 program EB5 Investors Magazine has mapped out the glowing beacons of EB-5 Regional Centers. Each active regional center in the United States is indicated on this map to help you identify hotspots of EB-5. December 1998 Matters of Ho, Hsiung, Izummi, and Soffici. INS issues four precedent decisions, elucidating the requirements of the EB-5 program TIMELINE December 19, 1997 INS General Counsel David Martin issues memo, effectively shuttering the regional center program until 2002 1997 Consuls at U.S. embassies abroad sound the alarm, INS reevaluates EB-5 1997 Congress increases setaside visas to 3,000 September 10, 1993; June 27, 1995 Paul Virtue issues two key legal opinions, allowing investors to pool their money and allowing promissory notes October 6, 1992 EB-5 Regional Center program created, 300 visas set aside November 29, 1990 EB-5 program established through Immigration and Nat [ۘ[]HX����Y�[ۘ[�[�\��]���X�]�B��H���[���XX�ۜ‚HوP�H�Y�[ۘ[�[�\�˜�H��\��^HܙYYۈ[��[�YH�[B���Y�[ۘ[�[�\��\�HX�]�HXܛ���H[�\�]Hق�H[�]Y�]\��[��[[��[��\�܈�[��[�™X�ۛ�ZX�]�[�Y[�[��؋XܙX][���ڙX�˂���۝X�[�HۙHو\�H�Y�[ۘ[�[�\���ۜ�[�\���\�Z[��]�H�Y�[ۘ[�[�\�\�X�ܞB�ۈY�H �K�]�\�Y�YY�۝X�[��ܛX][ۈ�܂�X�]�HP�MH�Y�[ۘ[�[�\�˂��