"Sharing the Truth About the Potential Cancellation of the U.S. EB-5 Act" VIP Client Private Seminar
February 11, 2017 (Saturday), 14:00-17:00
6th Floor, Excellence Times Square, 4068 Yitian Road, Futian Central District, Shenzhen
Limited Seating, Only 8 Spots Available!
Consultation Hotline: 4007885855
With the EB-5 Regional Center Program extended until April 28 and the act brewing major changes, two proposals from Washington have been earth-shattering, triggering huge panic among the Chinese-American immigration industry and global EB-5 investors!
One is the astonishing proposal by the U.S. Citizenship and Immigration Services (USCIS) to increase the minimum EB-5 investment amount by up to 3.6 times, which is currently in the public comment stage; the other is the shocking proposal from congressional leaders to cancel the EB-5 Act.
Facing the chaos of EB-5 reform, senior executives from Worldway Group visited influential immigration attorneys, securities attorneys, economists, and prominent media figures specializing in the U.S. investment immigration field.
Former USCIS Director Robert C. Divine and Worldway Chairman Dr. Winner Xing
Former Chair of the AILA EB-5 Committee H. Ron Klasko and Worldway Chairman Dr. Winner Xing
GT Law Firm Partner Kate Kalmykov and Worldway Chairman Dr. Winner Xing
Miller Mayer Law Firm Partner Carolyn S. Lee and Worldway Chairman Dr. Winner Xing
During the visit, the Worldway delegation learned that U.S. law has already granted USCIS the authority to adjust the minimum EB-5 investment amount, requiring only a 60-90 day public comment period without the need for congressional approval. However, the Trump administration may not necessarily agree with the Obama administration's decision, and there will also be strong opposition from the immigration industry. This proposal by USCIS indicates the administration's determination and appetite for "raising" the minimum EB-5 investment amount, which will prompt Congress to pass a new EB-5 act as soon as possible.
The new proposal to cancel the EB-5 Act published on the congressional website indicates that congressional leaders no longer have the patience to waste time and argue endlessly over the differences in act reform. This will prompt Congress to seek common ground, reach a consensus, and pass a new substitute act as soon as possible.
In short, the pressure from the administration and the increasingly dissatisfied congressional leaders will soon end the endless debates in Congress. The introduction of a new act to replace the current EB-5 Act is just around the corner!
This means that the "price hike" of the statutory minimum EB-5 investment and the redefinition of the Targeted Employment Area (TEA), which is crucial to the magnitude of the price hike and may even affect visa retrogression, are not far off! Of course, as long as no new substitute act is introduced, the threat of the EB-5 Act being permanently cancelled still exists!
As a leading institution in U.S. investment immigration, Worldway not only possesses deep government resources but also has profound connections in the U.S. investment immigration industry. During this visit to the United States, the Worldway delegation met with well-known U.S. immigration attorneys, securities attorneys, economists, and media figures.
Former USCIS EB-5 Project Team Official Darren Silver (right) and Attorney Anibal Sanchez (left)
with Worldway Chairman Dr. Winner Xing
Renowned Securities Attorney Ronald R. Fieldstone and Worldway Chairman Dr. Winner Xing
Renowned Securities Attorney John D. Tishler and Worldway Chairman Dr. Winner Xing
Former Chair of the AILA EB-5 Committee Attorney Bernard P. Wolfsdorf and
Worldway Chairman Dr. Winner Xing
Renowned Economist Kevin Wright and Worldway Chairman Dr. Winner Xing
Financial Regulatory Company NES Financial Executive Vice President Reit Thomas
with Worldway Chairman Dr. Winner Xing
Renowned Chinese-American Attorney Ms. Peng Chunyun and Worldway Chairman Dr. Winner Xing
EB-5 Investors Magazine Chairman Mr. Ali Jahangiri and Worldway Chairman Dr. Winner Xing
At a time when the EB-5 Act is facing major changes and a life-or-death crisis, Worldway has timely launched three EB-5 projects that have already been approved by USCIS, as well as an EB-5 project that promises a guaranteed refund if investment becomes impossible due to changes in the act. Among them, some projects have already completed all employment indicators required for I-829 condition removal, clearing the most important obstacle to updating a conditional green card to a permanent green card!
Approved Project 1: EB-5 project with capital participation from Goldman Sachs' "Urban Investment Group," BFC, and the New York State and City governments
Approved Project 2: EB-5 project that has obtained I-526 approval and completed the employment required for I-829 in advance
Approved Project 3: EB-5 project that has obtained I-526 exemplar approval and has had several batches of investors successfully approved
Quality Project 4: EB-5 project jointly invested with Jiuding International Phase II Real Estate Fund and the U.S. Retirement Foundation
