What does TRO mean in the EB-5 space? - EB5Investors.com

What does TRO mean in the EB-5 space?

I am a real estate developer trying to raise capital through the EB-5 program. I just finished speaking with a regional center. They told me they are currently on hold of any new businesses until they see if the TRO is issued in the new regulations. What does TRO mean? How would that impact my capital raising effort?

Answers

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Immigration Attorneys
Answered on

TRO is a temporary restraining order. There is a lawsuit trying to block the new regulations. From what I heard, the judge is not very impressed with the argument. So realistically, the TRO does not look like to it be approved.

Phuong Le

Phuong Le

Immigration Attorneys
Answered on

It means a temporary restraining order. There has been a lawsuit to block the new EB-5 regulations from becoming effective. For the time being though, I would not hold my breath hoping the lawsuit will succeed and would operate under the assumption that the regulations be effective moving forward.

Fredrick W Voigtmann

Fredrick W Voigtmann

Immigration Attorneys
Answered on

TRO stands for Temporary Restraining Order. It is a preliminary injunction requested by the plaintiffs asking the judge to enjoin or stop the implementation of the new rules. A news article published today indicated that the federal district court judge in this matter is reluctant to issue such an order.

Vaughan de Kirby

Vaughan de Kirby

Immigration Attorneys
Answered on

There is a legal action challenging the action by USCIS to raise the investment amount to $900,000. This regional center may be waiting for a Temporary Restraining Order. However, it appears the court is reluctant to issue this order.

Belma Demirovic Chinchoy

Belma Demirovic Chinchoy

Immigration Attorneys
Answered on

The regional center is probably referring to the lawsuit challenging the implementation of the new EB-5 regulations. If you are serious about raising EB-5 capital, I would suggest you look for another regional center partner.

Salvatore Picataggio

Salvatore Picataggio

Immigration Attorneys
Answered on

It stands for a Temporary Restraining Order, in this case, it is an order to halt the regulations that went into effect in November increasing the investment amount, changing the Targeted Employment Area designations, and failing to address processing times and visa backlogs.

Stephen Berman

Stephen Berman

Immigration Attorneys
Answered on

TRO means temporary restraining order.

DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.