Civitas Capital Group and Klasko Immigration Law Partners Examine USCIS’s Proposed EB-5 Regulations

Civitas Capital Group recently hosted a webinar examining the U.S. Citizenship and Immigration Services (USCIS) Notice of Proposed Rulemaking (NPRM) and the potential impact of the proposed regulations on the EB-5 Immigrant Investor Program.

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The discussion featured Dan Healy, CEO of Civitas Capital Group, and Ron Klasko, Chairman of Klasko Immigration Law Partners, who explored several key provisions of the proposed rule and what they could mean for investors and the broader EB-5 industry.

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Key Areas of the Proposed Rule

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During the webinar, Healy and Klasko discussed several areas of the proposed regulations, including good faith investor protections, redeployment timelines, sustainment period requirements, and project financing.

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One area of focus was the proposed three-month timeframe for redeploying EB-5 capital. Klasko explained that identifying a quality investment and completing the necessary due diligence, negotiations, and documentation can often take considerably longer. The discussion highlighted the importance of ensuring that final regulations are practical and reflect how the EB-5 program operates in the real world.

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The speakers also addressed the good faith investor protections established under the EB-5 Reform and Integrity Act of 2022 (RIA) and how USCIS’s proposed rule provides additional guidance around those protections.

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Another key topic was sustainment period requirements. Healy and Klasko discussed how the proposed requirements could result in different timelines for individual investors depending on when capital is deployed and begins creating jobs. The public comment period gives industry stakeholders an opportunity to provide feedback on the proposed regulations before USCIS issues a final rule.

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Civitas Capital Group remains engaged with immigration attorneys and other EB-5 industry professionals to stay informed on developments that may impact investors and the future of the program. Watch the full webinar to hear Dan Healy and Ron Klasko discuss the proposed regulations and what they could mean for EB-5.