By David Warburg and Mark Katzoff
Seyfarth Synopsis: This article discusses the impact of the newly adopted EB-5 regulations on the disclosure obligations of ongoing EB-5 offerings.
The obligation to make full and fair disclosure under the US federal securities laws is most often viewed by many, if not most sponsors who are seeking…
By Dawn Lurie, Mark Katzoff, Angelo A. Paparelli and Randy Johnson
Seyfarth Synopsis: On July 24, 2019, U.S. Citizenship and Immigration Services (USCIS), the immigration-benefits component of the Department of Homeland Security (DHS), published a final regulation on “EB-5 Immigrant Investor Program Modernization” (the “Rule”) to reform the EB-5 program in the Federal Register. Absent successful court challenges, or the passage by Congress of EB-5 legislation, the Rule will take effect on November 21, 2019. The Rule makes pronounced changes to the EB-5 program, including a significant increase in the investment threshold, conferral of exclusive authority to USCIS to designate Targeted Employment Areas (TEAs), and retention of priority dates for petitioners. The text of the Rule can be found here.…
Continue Reading USCIS Publishes EB-5 Modernization Rule: the Impact on the EB-5 Program
