Wednesday 4 December 2019

Lawsuit seeks to halt new EB-5 regulations

Less than a month after the new EB-5 rules came out, a Florida regional center has filed a motion in federal court, seeking a temporary restraining order to halt enforcement. The company, Florida EB5 Investments, alleges the new requirements — which took effect Nov. 21 — violate the U.S. Constitution, were not properly reviewed for potential fallout and will end up killing business. The case could have far-reaching implications, with dozens of regional centers across



source https://therealdeal.com/2019/12/04/lawsuit-seeks-to-halt-new-eb-5-regulations/

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