EB5 Investors Magazine Volume 7, Issue 1 - Page 88

EB5 INVESTORS M AGAZINE 86 centers. Most of these terminations were in 2017 and 2018, which appear to be after USCIS began conducting ...the termination of a regional center associated with a regional center immigrant investor’s form I-526 petition constitutes a material change to the petition... ” audits of the regional centers and conducting project site visits. The visa retrogression in effect for China and Vietnam, and expected for India soon, will also increase the possibility of this scenario repeating in the future. USCIS will issue a notice of intent to terminate a regional center’s participation in the EB-5 Immigrant Investor Program if the regional center fails to submit required information to USCIS or no longer serves the purpose of promoting economic growth. USCIS has also terminated a number of regional centers based on charges of fraud, misappropriation or misuse of funds, EB-5 or otherwise. NEW DIRECTIVE BY USCIS USCIS explicitly states that “the termination of a