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A magistrate judge in federal court in California seems likely soon to issue an order invalidating the 2019 EB-5 regulations despite current DHS Secretary Mayorkas recent ratification of same. The probable results: (1) immediate stagnation of EB-5 investments while the dust settles on court cases and pending legislative process, even though proceeding with existing plans to invest might be wise before June 30; and (2) a scramble by project developers to prepare offerings that could take advantage of a narrow window of opportunity to take in investors at the $500,000 level in a wider range of locations.
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கலிஃபோர்னியா
ஒன்றுபட்டது-மாநிலங்களில்
CMB Regional Centers Thoughts On The EB-5 Reform and Integrity Act of 2021
April 06, 2021 12:11 ET | Source: CMB Regional Centers CMB Regional Centers Rock Island, Illinois, UNITED STATES
DALLAS, April 06, 2021 (GLOBE NEWSWIRE) Last week, Senators Grassley and Leahy introduced the EB-5 Reform and Integrity Act of 2021 (EB-5 Reform Act) to provide for a five-year extension of the EB-5 program and establish much needed integrity reforms. CMB Regional Centers, as the leading EB-5 regional center and long-term member of the EB-5 trade organization IIUSA, has consistently advocated for ethical reforms, investor protections, transparency, and accountability within the EB-5 industry. We fully support this bill as it is an important step toward stabilizing and strengthening the EB-5 program, which is a valuable tool for the U.S. economy.
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