Earlier this month, Matthew Galati served as a discussion leader during the EB-5 Industry Forum presentation entitled, “Litigation in EB-5: Updates & Implications for the Industry.” During the panel, Matt lead a discussion regarding FOIA litigation, advanced mandamus issues, and litigation strategies during the Regional Center program lapse.
IIUSA (Invest in the USA) is an organization dedicated to stimulating the U.S. economy via the EB-5 Regional Center Program, for the benefit of American workers and their communities by supporting domestic job creation, which is one main objective of the EB-5 Regional Center Program. IIUSA hosts an annual EB-5 Industry Forum, where hundreds of EB-5 industry stakeholders including EB-5 attorneys, Regional Center members, Project Developers, Consultants, and a vast array of others within the trade industry meet to share analyses and discuss any new developments related to legislative updates, USCIS processing trends, EB-5 litigation, EB-5 Direct Program, and investor market insights. This year, the event lasted from November 2 – 11, and the forum concluded with over 700 registrants and 48 sponsors and participants from over 40 countries.
This year’s event has been especially fundamental as the EB-5 Regional Center program has failed to be reauthorized by U.S. Congress following the program’s recent expiration date, which occurred on June 30, 2021. IIUSA has ramped up its current efforts to achieve permanent—or in the least, continuous—Congressional reauthorization of the EB-5 Regional Center Program. There are only benefits to this program, affirmed by over three decades of bipartisan Congressional support and tangible, positive economic effects since its inception. after over 30 years of enthusiastic bipartisan support. As one of their efforts of their mission, they have recruited only the best investor immigration experts to speak to the latest news on EB-5 during the annual EB-5 Industry Forum event.