Recently, Alejandro Mayorkas, an 'old friend' of the EB-5 industry, officially took office as the U.S. Secretary of Homeland Security to lead and advance the future of U.S. immigration policy.
Alejandro Mayorkas was born in Cuba and raised in California, USA. He served as the Director of U.S. Citizenship and Immigration Services (USCIS) during the Obama administration from 2009 to 2013 and was promoted to Deputy Secretary of Homeland Security in 2016. During his tenure, USCIS made significant progress in the administration of the EB-5 program, including relocating the EB-5 processing center to Washington, D.C. to accelerate adjudication.
As one of the first candidates nominated to the Biden cabinet, Alejandro Mayorkas was confirmed by the Senate on February 2nd, U.S. time, with a vote of 56:43, becoming the first cabinet member in U.S. history of Latino immigrant descent to lead the Department of Homeland Security.
Earlier, the EB-5 industry widely interpreted the nomination of Alejandro Mayorkas as Secretary of Homeland Security as part of a strategic combination to advance President Biden's immigration reform. With the new Secretary of Homeland Security officially having taken office, the multiple 'pro-immigrant' executive orders already issued by Biden will be implemented gradually. The new Secretary will also lead the advancement of future immigration administrative plans and coordinate with Congress to pass Biden's comprehensive immigration legislative reform. This includes measures highly anticipated by the EB-5 industry, such as eliminating per-country caps for employment-based green cards, increasing the number of employment-based visas, and excluding spouses and children from visa quotas, all of which are favorable for easing or even completely resolving the visa backlog for EB-5 investors from mainland China.
All signs indicate that immigration policy in the Biden era will become more open. We hope that with the promotion of Alejandro Mayorkas, reform plans favorable to EB-5 investment immigration can finally be implemented. WorldWay Group will also continue to monitor the latest developments and share updates with you as soon as they become available.
Currently, USCIS continues to accept and adjudicate immigration applications as usual. For investors with a clear need to immigrate to the United States, they should act promptly based on their own circumstances to secure high-quality projects as early as possible—'Prepare early, apply early, line up early, and benefit early!'
The Yellowstone Club Phase II EB-5 project represents a rare and high-quality opportunity in the market that allows for immigration to the U.S. at a lower cost of $900,000, making it a favorable choice for investors. This project combines several unique advantages, including dual USCIS approvals, completed I-829 employment requirements, repayment backed by assets valued at five times the investment, and transparent fund supervision, which greatly protects the interests of investors and is highly popular among them.
The Yellowstone Club Phase II EB-5 project has entered the countdown phase for closing recruitment; there are only a limited number of precious slots remaining, so book quickly. Currently, WorldWay is offering comprehensive promotions, and our New Year's promotional campaign is in full swing—seize the opportunity! For more details, please call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
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