Regional Center Lawsuits Receive Favorable Preliminary Injunction Ordering the Immediate Start of the EB-5 Regional Center Program
Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.
- Soon after the recent Congressional reauthorization of the EB-5 Regional Center Program, USCIS introduced a requirement for existing regional centers to go through a re-application process in order to continue to operate as a functioning regional center.
- This resulted in two lawsuits that challenged the revised EB-5 reform that specifically counter the new regional center requirements and associated fees.
- The first lawsuit, filed by Behring Regional Center challenged the requirements by USCIS to redesignate regional centers and as of June 23rd, 2022, this lawsuit received the favorable preliminary injunction ordering the immediate start of the EB-5 Regional Center Program.
- USIF became "the first" regional center to be recognized by 18 major financial institutions including J.P. Morgan, Wells Fargo & BlackRock.