December 29, 2016

USCIS Requests OMB for Review of Proposed Rule-Making for the EB-5 Program

From: The National Law Review

Article By Kristen W. Ng | Greenberg Traurig, LLP

On Dec. 20, 2016, the Department of Homeland Security (DHS) United States Citizenship and Immigration Services (USCIS) requested that the Office of Management and Budget (OMB) review a proposed rule making that would make changes to the current regulations as it relates to the EB-5 Immigrant Investor Program.  The title of this rule is “Improvement of the Employment Creation Immigrant Regulations.”


Now that the OMB’s Office of Information and Regulatory Affairs (OIRA) has received the rule making for review, there will be a review period, typically restricted to 90 days, though there is no minimum number of days set.  The period of review can extend beyond 90 days by the rulemaking agency, or by the OMB director.

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