Comment: Dramatic EB5 Congress Action

Dramatic EB5 News. Politico reports that as a part of the massive 1 trillion dollar Coronavirus package, the Trump administration is proposing to increase the EB5 quota from 10,000 to 75,000 and reducing the investment amount from $900k to $450k. This will clearly inject a significant amount of much needed capital into an economy that seems to be diving to Great-Depression-level depths. We applaud the administration for this elegant idea of using immigration strategically for national benefit.

Anti-immigrationists oppose this commonsensical idea of EB5 expansion by pointing out that it would result in over-dependence on China. This objection is similar to second thoughts that many industries and companies are having for being overly dependent on China for their supply chains of manufactured goods like smartphones and ibuprofen. In this sense, the EB5 industry is no different than other parts of the US economy in over-reliance on China. Companies are planning to solve the problem of too-concentrated-a-supply- chain by diversifying outside of China going forward for all manner of supply chains including smartphones and ibuprofen. Perhaps, all objections to the administration’s EB5 solution can be overcome by exempting China from the increase in EB5 quota, thus getting EB5 investments from Vietnam, India, Korea & Brazil instead—from countries that are friendly to America—which will result in a more diversified and therefore sounder supply chain for investment immigration. Exempting China from EB5 expansion would overcome all current political opposition to this proposal and facilitate inclusion of EB5 expansion in the massive Coronavirus legislation, and its passage into law of the land.

Congress appears to be pairing EB5 expansion with the dropping of proposals for massive expansion of H2A and H2B numbers (in light of the massive layoffs across the economy) which were being negotiated in Congress. We also strongly recommend dramatically liberalizing Physician Immigration in this Coronavirus package—we will need many times the number of doctors we have. Immigration is an integral part of America, so it is natural that immigration reform is an integral part of any solution to our nation’s Coronavirus crisis.

Article: April Visa Bulletin Update By Wolfsdorf Rosenthal LLP

Blogging: Immigration Court Practices During the Declared National Emergency Concerning the COVID-19 Outbreak By Matthew Kolken

Blogging: Could coronavirus related ICE enforcement cutbacks lead to fairer, more humane USCIS decisions involving legal immigration benefits? By Roger Algase

Blogging: Immigration Closures And Updates As A Result Of Covid-19 By Maria Schneider

News: Suspension of Entry as Immigrants and Nonimmigrants of Certain Additional Persons Who Pose a Risk of Transmitting 2019 Novel Coronavirus

Focus: PERM For Beginners and Advanced Practitioners
Joel Stewart has done something remarkable in the new edition of THE PERM BOOK. He has taken the spaghetti of all the sources on PERM: legislations, rules, FAQs, cases etc. and reintegrated them into a simple and luminously logical progression of how to do PERM. In each of the chapters, he uses articles by notable practitioners and his own extensive commentary to provide deep insights on every aspect of PERM. If you are a seasoned PERM practitioner, you will appreciate the clarity of the organization seen in the table of contents below, and will discover many new insights in every chapter. For anyone relatively new to PERM, Joel Stewart serves as a trusted guide to your mastering the lay of the land of this complex area. This book belongs in the library shelf of every PERM practitioner.

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Headline: U.S. immigration agency to delay some arrests due to coronavirus Click here
Headline: ICE to Scale Back Arrests of Illegal Immigrants During Coronavirus Pandemic Click here
Headline: U.S. called on to close immigration courts, release some detainees Click here
Headline: US briefing: US aid bill, China halts case rise and Sanders reassesses Click here
Headline: Trump keeps immigration courts open despite coronavirus risks Click here

Kaufman; Kahn, LLP
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