Feb 28, 2019
Matthew Galati Quoted in Bloomberg Law Article EB-5 Regulations at OMB
Original article available at: https://news.bloomberglaw.com/daily-labor-report/immigrant-investor-visa-to-see-changes-after-congress-inaction
On Feb. 25, 2019, Matthew Galati, who leads Green and Spiegels U.S. Investors and Entrepreneurs Division, was quoted in “Immigrant Investor Visa to See Regulatory Changes Soon,” printed by Bloomberg Law.
Published this week, Matt commented on concerns that the regulations impose. The main concern is the increase in investment amounts, which would create massive disruptions in the marketplace. It would likely result in a rush to file visa petitions before the new requirements kick in. Once in effect, the higher amounts are likely to drive down demand for the visas.
Matt also mentioned concerns about the proposal to shift the TEA determination to the USCIS from the states. With recent reports about ever-increasing processing times at the agency, he noted that there is a danger that projects aren’t going to be able to get their offering documents ready.
Bloomberg Law helps legal professionals provide world-class counsel with access to actionable legal intelligence in a business context. They deliver a unique combination of practical guidance, comprehensive primary and secondary source material, trusted news, time-saving practice tools and analytics, market data and business intelligence. A copy of the article is attached to this post.
Reproduced with permission. Published Feb. 25, 2019. Copyright 2019 by The Bureau of National Affairs, Inc. (800-372-1033) <http://www.bna.com>