At its July 28, 2016 stakeholder engagement, USCIS Immigrant Investor Program Office (IPO) Chief Nicholas Colucci focused his opening remarks on USCIS’s efforts to enhance the IPO’s adjudication capabilities, the office’s commitment to conducting program oversight and promoting program integrity, and the role of the designated regional center in maintaining program integrity. Before delving into a discussion of oversight-related issues, Mr. Colucci reported on the following:
During the 18 months leading up to June 30, 2016, USCIS received more than 21,000 I-526 petitions, with approximately 11,900 approved. Mr. Colucci also reported that USCIS had approved approximately 2,300 I-829 petitions approved during that period.
With respect to IPO staffing, USCIS anticipated that it would achieve its staffing goal of 171 IPO staff by the end of calendar year 2016. Mr. Colucci noted that the agency has been hiring lawyers, economists, and individuals with expertise in the securities and banking industries to strengthen the IPO’s capabilities.
Mr. Colucci discussed a forthcoming report from the Department of Commerce that examines the economic impact of the EB-5 program. Mr. Colucci previewed the report by suggesting its estimates of positive economic impact could exceed estimates made by USCIS as well as other private-sector economic studies of the program.
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