EB-5 Regional Center Program Extended
On September 28, 2012, President Obama signed a bill that extends the authorization of EB-5 Regional Center Program for another three years through September 30, 2015.
The bill, S.3245, that sanctioned the authorization EB-5 Program was passed by the House of Representatives on September 13, 2012.
The passed law also extends authorization for the Special Immigrant Non-minister Religious Worker Program, the Conrad State 30 J-1 Visa Waiver Program and E-Verify Program for three years.
Under the law of EB-5 Regional Center Program, for every minimum investment of $500,000 in U.S. that will create job openings for ten U.S. workers, the investors and their immediate family that includes spouses and unmarried children under the age of 21 will be qualified to earn Green Cards.
The extension of EB-5 Program came as a great boon to the recovery of American economy as money from foreign investors will stimulate the economy of the country while ten job-openings for qualifying workers for every investment provides a good fighting chance against the rate of unemployment.
This certainly means that U.S. Citizenship and Immigration Services (USCIS) will continue receiving applications from foreign investors and process them under EB-5 Program.
Moreover, the extension of E-Verify without any controversy put an ease to the confusion and uncertainty that had been looming over since the approaching period of its expiration in March 2009.
E-Verify is a free program, operated by Department of Homeland Security (DHS) in partnership with Social Security Administration (SSA), that cross-checks the data of employee provided in Employment Eligibility Verification Form I-9 with that from the records in U.S. government, which if matched proves the employee eligible to work in the United States.
Another program that availed the extension is Special Immigrant Non-minister Religious Worker Program, which is one of the several employment-based fourth-preference (EB-4) visa classifications.
This program allows religious workers to apply for permanent residence through their employment in religious organizations with non-profit motives.
Signing S.3245 has extended the final date before which the Special Immigrant Non-minister Religious Workers should immigrate or become permanent residents by adjustment of Status by three years.
For a J-1 Visa Waiver, the extended Conrad State 30 J-1 Visa Waiver Program provides with foreign residence requirements for physicians who are willing to work for 3 years in a designated Health Professional Shortage area (HPSA) or Medically Undeserved Area (MUA).
Up to 30 J-1 visa waivers are approved for each U.S. state under this program.
Reddy & Neumann, P.C. is an immigration law firm in Houston, Texas. For over 15 years, our firm has successfully represented corporate clients across the United States in their efforts to bring foreign workers and business professionals to the United States. Reddy & Neumann, P.C. is highly experienced in working with employment-based visas, adjustment of status, green cards, and PERM labor certification. From filing, through approval, and on to appeal, we do everything possible to ensure that your company can bring the best and brightest in the world to the United States.