On May 24, IIUSA and five regional centers filed a complaint against the USCIS in the District Court for the District of Columbia. Plaintiffs request the court to set aside USCIS’s categorical deauthorization of preexisting approved regional centers and to declare that the EB-5 Reform and Integrity Act of 2022 (“RIA”) does not permit USCIS to categorically deauthorize preexisting approved regional centers and that USCIS’s determination was arbitrary and capricious. According to the complaint, the agency’s action was not authorized by the statute’s text, and its promulgation without any reasoning via a website post does violence to fundamental principles of administrative law. The agency’s action threatens innovative and economically significant projects, frustrates foreign investment in the United States, and precludes the creation of thousands of American jobs.
Please click here to read eb5investors article and please click here to read IIUSA’s article on the lawsuit.