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The price to participate in an EB-5 visa is increasing.

The EB-5 visa allows foreign nationals who make a significant investment in a U.S. company and help create jobs to immigrate to the United States. For the last 30 years, the amount of investment required was $500,000. On November 21, the amount required will be raised to $900,000. The program has been criticized by some for corruption and not actually creating jobs where they are needed. The new requirement will In addition to the increased financial requirement, the government will be conducting more oversight on EB-5 investment projects.

USCIS Class Action Member Identification Notice

USCIS announced that a class was certified in Zhang v. USCIS that includes any individual with a Form I-526 that was or will be denied on the sole basis of investing loan proceeds that were not secured by the individual’s own assets. The notice includes details on how to contact USCIS to identify yourself if you believe you are a potential class member.

EB-5 Program in question.

Forbes reports on the current state of the EB-5 investor immigrant program and reauthorization efforts, stating “it seems doubtful that anything more ambitious than a short-term extension of the existing EB-5 program will be passed before the September 30th expiration date. The only problem with a short-term extension is that it will place the fate of any renewal of the program right in the middle of the 2016 Congressional elections and the Presidential campaign.”

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