Kyle Behring

SEC Modernized Definition of Accredited Investor

| August 26, 2020
SEC Modernizes The Accredited Investor Definition On August 26, 2020, The Securities and Exchange Commission ("SEC")  adopted amendments to the “accredited investor” definition, one of the principal tests for determining who is eligible to participate in private capital markets investment opportunities.  Historically, individual investors who do not meet specific income or net worth tests, regardless ...

The New USCIS “Public Charge” Rule Explained

| May 29, 2020
Public charge Rule   Under the new “public charge” rule, most would-be immigrants now face significant additional scrutiny of their personal finances and ability to support themselves. One key change under the rule is that starting Feb. 24, anyone using the Adjustment of Status process to apply for a green card from within the United States must file Form I-944 ...

Suffolk Construction 1900 Broadway Progress Newsletter May 2020

| May 22, 2020
PROJECT: 1920 - 1950 Broadway DEVELOPER: 1900 BWAY TOWER DEVELOPMENT ARCHITECT: SCB Architects CONTRACTOR: Suffolk CONSTRUCTION SCHEDULE   Shoring & Excavation: March 2020 – Jan 2021 Foundations & Structure: Nov 2020 – Jan 2022 Exterior Building Finishes: May 2021 – March 2022 Interior Build-Out: March 2022 – Jan 2023 Substantial Completion: Jan 2023 WORK HOURS ...

FY 2019 EB-5 Visa Statistics

| February 21, 2020
The Report of the Visa Office 2019 has been published, with EB-5 visa statistics in Table VI Part IV (visas issued through consular processing) and Table V Part 3 (consular processing plus I-485 status adjustment). The statistics reflect the number of green cards issued for conditional permanent residence by country of origin. EB-5 Visas Per ...

USCIS Adjusts Process for Managing EB-5 Visa Petition Inventory

| January 29, 2020
USCIS Adjusts Process for Managing EB-5 Visa Petition Inventory On January 29th, 2020, USCIS announced a change in how they will be handling I-526 petition inventory going into the future. As we had mentioned in a previous post, it has been abundantly clear that USCIS has not been processing petitions in a First-in First-out order, ...

E-2 Versus EB-5

| January 23, 2020
E-2 Versus EB-5 In light of the November 21st, 2019 regulatory change the EB-5 program has undergone, many prospective EB-5 investors have been considered alternative pathways to the U.S. One such pathway is the E-2 visa. The E-2 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains ...

I-526 Processing Time Updates – February 2020 Visa Bulletin

| January 22, 2020
I-526 Processing Time Updates – February 2020 Visa Bulletin The February 2020 Visa bulletin has been posted on the USCIS website. The Final Action Date for India is September 1st, 2018, which is a four month improvement from the Final Action Date  of May 1, 2018 reported in the January 2020 visa bulletin.  Many Behring ...

Senator Richard Durbin Introduces RELIEF Act, Would Eliminate All Employment-based Green Card Backlogs in Five Years

| October 31, 2019

On Wednesday October 16th, 2019, Senator Richard Durbin (D-IL) introduced a new bill in response to the blocked bill S. 386, the Fairness for High-Skilled Immigrants Act of 2019. Senator Durbin’s Bill, S.2603, Resolving Extended Limbo for Immigrant Employees and Families Act or the “RELIEF” Act seeks to eliminate backlogs for Employment and Family-based permanent residence visas, remove dependent beneficiaries from being counted towards annual visa allowances…

New Presidential Proclamation Requiring Health Care for Immigrant Visa Applicants Effective November 3, 2019

| October 29, 2019

On Oct. 4, President Donald Trump signed a new “Presidential Proclamation on the Suspension of Entry of Immigrants Who Will Financially Burden the United States Healthcare System,” which goes into effect Nov. 3 and affects most immigrant visa applicants. This Presidential Proclamation is separate from the Public Charge Rule, which is on hold in the U.S. due to a court injunction, and its implementation at U.S. Consulates has been delayed by the Department of State…

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