Yet again, the House and Senate have passed and sent to the White House a continuing resolution that prevented a government shutdown and extended the EB-5 Regional Center Program until March 23, 2018. Invest in the USA (IIUSA), the national membership-based industry trade association for the EB-5 Regional Center Program, noted in a statement that the continuing resolution provides much-needed time to reach an agreement on a permanent EB-5 program fix:
We believe that this new deadline on March 23rd will be the first time since December of 2015 that EB-5 reform could realistically have a legislative vehicle for reform and a long-term reauthorization.» Read More
On Tuesday, the Supreme Court, without opinion, voted to temporarily uphold the travel ban on a majority of people who had been granted refugee status in the United States and were scheduled to be placed with an American resettlement agency. Nothing else is known about the vote or breakdown within the Court, other than that at least five justices voted in favor of continuing the ban.» Read More
In response to the Russian decision to cap the number of employees at the U.S. Embassy and Consulates in Russia, the State Department has temporarily halted the processing of non-immigrant visa applications in Russia. This decision impacts many non-immigrant travelers to the United States, including those seeking to visit for a short period, multinational executives and managers, professional and skilled employees, students seeking F-1 student visas, and others who seek to enter the United States as non-immigrants.» Read More
Responding to a federal district court order judicially expanding those excluded from the Administration’s Travel Ban, the United States Department of State issued guidance on Monday expanding the definition of “family” under the Executive Order banning certain visa applicants and refugees from six countries: Iran, Libya, Somalia, Sudan, Syria, and Yemen.
In June, the United States Supreme Court allowed the implementation of the Travel Ban to proceed with a certain limitation: that visa applicants with a bona fide relationship with a United States person or entity are exempt from the ban.» Read More
In this week’s REWIND of international business news, we discuss IBM’s settlement on claims of bribery in China and Korea, growth of international data security issues, predictions of Chinese banking crisis, and antitrust problems for Hyundai.» Read More