Mitch Wexler Discusses the EB-5 Regional Center Program with The Times of India
September 1, 2022
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In this article published by The Times of India, Partner Mitch Wexler discusses the recent court settlement allowing the EB-5 Regional Center program to continue operations.
"This settlement is a reaffirmation that the EB-5 regional center program is back and healthy. A couple of the more meaningful components of the settlement include a mechanism whereby new applicants will not have to wait an unknown period of time for their regional center to get a receipt for their Form 1-956 (application for designation as a RC). They need only wait 10 days from filing and submit evidence of the filing. Significantly, deference is to be given to RCs with prior exemplar approvals. Next, for two years, USCIS must meet quarterly with plaintiffs to make sure all settlement points are on track,β Mitch says.
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