There is good news for intending EB-5 investors and the EB-5 industry: on June 24, 2022, the U.S. District Court for the Northern District of California blocked USCIS from enforcing its misguided policy of invalidating existing EB-5 regional centers pursuant to its incorrect interpretation of the EB-5 Reform and Integrity Act
of 2022 (“RIA”), the law that reinstated the existing regional center EB-5 program. Below, I will discuss, in further detail, what this means in practice.
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