Bernard P Wolfsdorf
Immigration AttorneyThese are two different things - your investment is governed by your subscription agreement and Congress needs to re-authorize the program, which it has done over 17 times.
I invested in 2018 and am still waiting for my EB-5 visa. What happens now when the program wasn''t reauthorized? Do I just wait and see or will I get a refund? Will the USCIS keep processing the applications of all the investors in the backlog even if the program is not renewed?
These are two different things - your investment is governed by your subscription agreement and Congress needs to re-authorize the program, which it has done over 17 times.
USCIS will continue to process the cases that were filed prior to the program ending, including yours.
USCIS will likely hold regional center I-526 petitions to see if the program will be reauthorized by Congress, which seems very likely.
USCIS should hold cases in abeyance pending reauthorization.
We understand they will continue processing all cases filed before the program ends. The program will probably get renewed anyway.
The program will not stop if you have invested before the date the program has terminated. But be aware that there could well be issues as to when the money is received and where that could affect the analysis.
No, USCIS will not process RC-based I-526s while the EB-5 program is not in effect.