AABANY, KALAGNY, and AAEB5 Present:
Speaker: Julia Yong-hee Park
In 2015, no fewer than five bills seeking to reform the EB-5 program have been introduced in both the House and the Senate, all proposing different measures for reform and improvement. When the EB-5 regional center program was due to expire on Sept. 30, 2015, it was extended through a temporary government funding bill, a “continuing resolution,” until Dec. 11, 2015 and then extended again until December 16, 2015. During the final weeks, a bipartisan, bi-cameral working group continued to churn out working drafts of the new rules that included an increase in the minimum investment amount from $500,000 to $800,000 for TEAs (no change on the non-TEA $1 million number), expanding the current two definition of TEAs to four, and introducing a Sarbanes-Oxley style certification requirement on EB-5 Regional Centers, among many others. Then, on the eve of December 16, the working group abruptly announced that no new rules would be implemented and the current program would be temporarily extended until September 30, 2016. As such, 2016 will be a critical year for EB-5 as potential investors seek to utilize the program before changes are implemented.
Part 1: (Almost) Everything You Wanted to Know About EB-5 But Didn’t Have Anyone To Ask
Part 1 will be a general session on the EB-5 program for any attorneys interested in learning about program regardless of practice area. Discussion topics will include:
• What is the EB-5 Program
• How does immigration law and securities rules interact in the EB-5 Program
• What is the difference between a Direct EB-5 and Regional Center EB-5 Program • Timing of the EB-5 immigration process
Thank you to Advantage America EB-5 Group for sponsoring this event.
AABANY is certified by the New York State Continuing Legal Education Board as an Accredited Provider. This program has been approved in accordance with the requirements of the CLE Board for a maximum of 2 credit hour(s), in which 2 credit hour(s) will be applied toward the Areas of Professional Practice requirement. This program is suitable for both transitional and non-transitional New York attorneys. Financial aid is available for eligible participants - please write to firstname.lastname@example.org for an application.
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