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To:
All Service Center Directors
Regional Directors
From: William R. Yates /S/
Associate Director
Operations
Date:
January 19, 2005
Re:
Establishment of an Investor and Regional Center Unit
PURPOSE
Effective the date of this memo, oversight for policy and regulation
form design, case auditing, and training regarding Regional Center adjudic
petitions within the EB-5 Investor Program, shall reside with PRD/Investor and
Given the well documented past abuses in the alien investor program, and the
the issues and factors relating to both Regional Centers as well as with individu
a need for effective oversight, coordination and uniform standards governing al
DISCUSSION
PRD/IRCU will maintain liaison and regularly consult with Headquar
(SCOPS), Field Operations (OFO), Administrative Appeals Office (AAO), a
California Service Centers with respect to the Immigrant Investor Pilot Program
I-829 alien investor petitions. In addition, PRD/IRCU will work directly with
Fraud Detection and National Security (FDNS) to enhance the integrity of the E
This action is a major step in CIS' establishment of a nationwide and
investor EB-5 program, which will strengthen and protect the integrity of the
intent of Congress to encourage investment and increase employment within t
functions and responsibilities are as follows:
1. Sole adjudicative jurisdiction for Regional Center applications purs
Pilot Program for purposes of approval, denial and Requests for Ev
2. Monitor and follow up on the actions of approved Regional Cen
the terms, scope, and conditions of their approval/designation rela
plans and indirect job creation methodologies.
3. Develop and propose EB-5 program, policy, and regulation cha
management.
0 Massachusetts Ave
ashington, DC 2052
QPRD 70/6.2.8
development, field guidance,
ations and associated investor
Regional Center Unit (IRCU).
complexity and sensitivity of
al alien investor cases, there is
l aspects of EB-5 matters.
ters Service