Today, Invest in the USA, the national not-for-profit trade association of the EB-5 Regional Center industry, sent a letter to the U.S. Citizenship & Immigration Services (USCIS) regarding Regional Center data published on its website. On or around June 19, 2017, USCIS made publicly available via their website the approval and denial statistics for forms I-526 and I-829 for each individual EB-5 Regional Center from 2014 through May 31, 2017. It became immediately apparent to IIUSA through interactions with its membership that the data presented by USCIS was deeply inaccurate and needed to be removed until the discrepancies were rectified. As of June 27, the incorrect data was removed from the website.
"Given the inconsistency between the USCIS data and Regional Centers' track records, USCIS needed to remove this information immediately from its website until it has taken the necessary steps to confirm all data with Regional Center records and rectify discrepancies," said Peter D. Joseph, IIUSA Executive Director.
IIUSA has long been one of the strongest advocates for data reporting and transparency of EB-5 Program activities and has over the last six years made over 160 Freedom of Information Act (FOIA) requests to USCIS to collect data on the EB-5 Program in order to stimulate an informed marketplace. IIUSA produces in-depth data analytics and research to inform the EB-5 industry and other key stakeholders using this data.
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