94 UGLOBAL IMMIGRATION MAGAZINE
THE EB-5 VISA STATE OF AFFAIRS IN THE U . S .
BY EDWARD C . BESHARA
The EB-5 Regional Center Program in United States was not re-authorized as of June 30 , 2021 . Currently , only the direct EB-5 route is active . More than 80,000 EB-5 investors are affected . What happens now ?
PAST MISCONCEPTION : WHERE ARE WE NOW ?
Past EB-5 projects , attorneys , investors , EB-5 service providers , and groups / corporations were supporting the belief that before the Regional Center Program was to sunset , EB-5 investors had to rush to file their EB-5 petitions and commit their investment funds either $ 500,000 or $ 900,000 American dollars before the EB-5 Program sunsets . That is , the belief was the EB-5 investors petitions and applications for CPR , would be “ grandfathered ” in .
That is , USCIS and the State Department would continue processing investor petitions and applications .
In the past , the EB-5 Regional Center Program was reauthorized in a short reasonable time either on or immediately after the sunset date .
On this basis , the USCIS and State Department continued processing the petitions and applications . As a result , the “ grandfathering ” concept and belief was not tested .