Important News/Updates

1. According to a Stay order by the U.S. District Court for the Northern
District of California on June 24, 2022, all pre-authorized Regional
Centers *remain valid and are eligible to sponsor new EB-5 investors
(and file Form I-526 petitions) *otherwise compliant with relevant RIA
provisions
2. On June 24, 2022, the U.S. District Court for the Northern District
of California issued a preliminary injunction against USCIS on aspects of
its new EB-5 policy. Specifically, the Court held that USCIS almost
certainly committed legal error when it unilaterally deauthorized
designated EB-5 Regional Centers (“RCs”) existing at the time that the EB-5
Reform and Integrity Act of 2022 (“RIA”) was enacted into law.
3. Under the RIA, USCIS required prior RCs to reapply *ab initio *and to
wait for new designation before accepting new EB-5 investors.