On May 24, 2022, EB5 Capital and four other Regional Center operators, along with the EB-5 trade organization Invest in the USA (IIUSA), collectively filed a lawsuit in the District Court for the District of Columbia against U.S. Citizenship and Immigration Services (USCIS).

The lawsuit challenges the deauthorization by USCIS of the over 600 designated regional centers existing at the time that the EB-5 Reform and Integrity Act of 2022 (“RIA”) was enacted into law, as well as the USCIS interpretation of the RIA that requires every regional center to apply anew for designation and receive approval as such before commencing operations.

Read the full press release here