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INS PLANS NEW EB-5 REGULATIONS
The INS is now working on two new regulations to address EB-5 issues addressed by the INS Office of General Counsel (see Siskind's Immigration Bulletin - April 1998 - http://www.visalaw.com/98apr/23apr98.html). The regulations are expected to reflect the position taken by the INS in the OGC memo as well as positions taken in the recent Izumii and Soffici cases handed down by the INS's Administrative Appeals Office. The INS has not yet stated when the regulations will be released.
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