USCIS Issues Policy Guidance on the EB-5 Reform and Integrity Act of 2022

Stay up to date on US Immigration policy. Check out USCIS's new article "USCIS Issues Policy Guidance on the EB-5 Reform and Integrity Act of 2022". Please feel free to contact us if you want to learn more and/or need help. You can contact our team at info@watsonimmigrationlaw.com or by phone at (206) 292-5237

Copied from USCIS

"Release Date

10/11/2022

U.S. Citizenship and Immigration Services (USCIS) has issued policy guidance (PDF, 342.87 KB) in the USCIS Policy Manual based on the vacatur of the EB-5 Modernization Rule and the EB-5 Reform and Integrity Act of 2022.

Policy highlights include:

• Removing the provisions found in the EB-5 Modernization Rule that a federal court vacated on June 22, 2021;
• Adding that an applicant may file Form I-485, Application to Register Permanent Residence or Adjust Status, concurrently with, or subsequent to, a Form I-526, Immigrant Petition by Standalone Investor, or Form I-526E, Immigrant Petition by Regional Center Investor, where a visa is immediately available;
• Revising the investment amounts and targeted employment area designation process; and
• Updating the name of Form I-526 throughout Volumes 7 and 8 from its former name (Immigrant Petition by Alien Entrepreneur) to the current name (Immigrant Petition by Standalone Investor) and adding references to Form I-526E, Immigrant Petition by a Regional Center Investor.

For more information about EB-5 reform, please see the EB-5 Questions and Answers: EB-5 Reform and Integrity Act of 2022 (updated April 2022) page."