USCIS has issued policy guidance in its manual based on the vacatur of the EB-5 Modernization Rule and the EB-5 Reform and Integrity Act of 2022. Policy highlights include removing the provisions in the EB-5 Modernization Rule that a federal court vacated on June 22, 2021. Included in the update is that now an applicant may file Form I-485, Application to Register Permanent Residence or Adjust Status, concurrently with, or subsequent to, a Form I-526, Immigrant Petition by Standalone Investor, where a visa is immediately available. The investment amounts and targeted employment area designation process has been revised. The update also changed the name of Form I-526 throughout Volumes 7 and 8 to the current name, Immigrant Petition by Standalone Investor. 

Posted in: Immigration