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Congress Clarifies Legislative Intent in the EB-5 Reform and Integrity Act of 2022

On Monday, May 9, 2022, Congressional Leaders issued a letter to USCIS, which stated that requiring regional centers to go through a process to be redesignated is not required under the EB-5 Reform and Integrity Act of 2022 (“RIA”). The letter also stated that USCIS’ interpretation of the RIA and current guidance are confusing and has caused great concern in the EB-5 stakeholder community.