Kaitlin

About Kaitlin Halloran

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So far Kaitlin Halloran has created 11 blog entries.

EB-5 facts: EB-5 is not an immigration shortcut

Myth: Immigrants can use EB-5 as a shortcut to “buy their way” to the front of the visa line. Fact: While EB-5 may be the fastest path to a green card for many investors, lengthy U.S. Citizenship and Immigration Services (USCIS) processing times, a visa backlog for Chinese-born investors, and a mandatory two-year conditional residence [...]

2017-02-14T20:30:19+00:00 March 8th, 2016|Categories: EB-5|Tags: , , , , |

EB-5 facts: U.S. citizenship is not for sale

Myth: The EB-5 program allows foreign nationals to “buy” American citizenship. Fact: The EB-5 program does not offer citizenship for a price.  Instead, it provides foreign investors the opportunity to qualify for conditional permanent residency by making a $500,000 — $1,000,000 at-risk investment in a business that will create American jobs. In order to qualify [...]

2017-02-14T20:30:19+00:00 March 4th, 2016|Categories: EB-5|Tags: , , , |

EB-5 industry best practices exceed program requirements

Throughout the ongoing legislative process, much has been said of the Government Accountability Office (GAO) report released in August 2015 that raised concerns regarding the United States Citizenship and Immigration Services’ (USCIS) ability to reliably oversee the EB-5 program. The information in the report questions whether the USCIS has the capacity to reliably verify EB-5 [...]

2017-02-14T20:30:19+00:00 March 3rd, 2016|Categories: EB-5|Tags: , , , |

Dispelling EB-5 program myths

As the EB-5 program has grown, increased scrutiny from the SEC and ongoing efforts to draft EB-5 reform legislation have demonstrated that new standards for security, transparency, and compliance will be required in the EB-5 program. However, the program’s rapid growth has also prompted increased public attention to EB-5, and misinformation abounds. Senator Dianne Feinstein, the [...]

2017-02-14T20:30:19+00:00 March 1st, 2016|Categories: EB-5|Tags: , , |

EB-5 processing backlog increases

On Wednesday, February 3rd, the U.S. Citizenship and Immigration Services (USCIS) announced tentative new information regarding the EB-5 processing backlog at their EB-5 stakeholder engagement teleconference. Nicholas Colucci, Chief of the USCIS Immigrant Investor Program Office (IPO), announced that since the September and December filing “bubbles,” the USCIS now has a backlog of: 21,790 pending [...]

2017-02-14T20:30:20+00:00 February 26th, 2016|Categories: EB-5|Tags: , , |

New EB-5 integrity bill introduced in the House

On February 10, 2016, Representatives Jared Polis (D-CO) and Mark Amodei (R-NV) introduced H.R. 4530, or the EB-5 Integrity Act of 2016, a new bipartisan bill to reform the EB-5 program. The bill’s proposals mirror those of S.2415, the EB-5 Integrity Act of 2015, introduced by Senator Jeff Flake (R-AZ) at the end of last [...]

2017-02-14T20:30:20+00:00 February 24th, 2016|Categories: EB-5|Tags: , , |

The USCIS outlines EB-5 program initiatives at Senate Hearing

On February 3rd, the Senate Judiciary Committee held a hearing focused on the future of the EB-5 program. Nicholas Colucci of the US Citizenship and Immigration Services (USCIS) and Stephen Cohen of the Securities and Exchange Commission (SEC) addressed lawmakers’ questions about the EB-5 program. Led by Senator Charles Grassley, legislators continued to voice concerns about [...]

2017-02-14T20:30:20+00:00 February 12th, 2016|Categories: EB-5|Tags: , , |

Updated processing times for EB-5 petitions

The U.S. Citizenship and Immigration Services' (USCIS) Immigrant Investor Program Office (IPO) has released processing times for EB-5 petitions through October 31, 2015. The delay in processing I-526 and I-924 petitions has decreased. I-526 petitions are now being adjudicated in an average of 12.8 months, and I-924 petitions now average 7.9 months. I-829 petition processing [...]

2017-02-14T20:30:21+00:00 January 7th, 2016|Categories: EB-5, Uncategorized|Tags: , , , , , |

EB-5 Regional Center Program extended

Last week’s omnibus appropriations bill, which was signed into law by the President December 18th, included provisions that have extended the EB-5 Regional Center program through September 30, 2016. The EB-5 program had been previously extended by continuing resolution after being slated to expire September 30th of this year. Though many had hoped that comprehensive [...]

2017-02-14T20:30:21+00:00 December 22nd, 2015|Categories: EB-5|Tags: , , |

EB-5 visa cutoff date advances

Since May 1, 2015, Chinese-born immigrant investors have been subject to a cutoff date for EB-5 visa issuance, due to high demand for EB-5 category visas. This cutoff allows investors who filed their I-526 petitions on or before the priority date to receive a conditional green card once their I-526 is approved but places those who filed after the [...]

2017-02-14T20:30:22+00:00 November 13th, 2015|Categories: EB-5|Tags: , , , |