China EB-5 Cut-off Update-May 2015 or June 2015 that is the Question?

China EB-5 Cut-off Update-May 2015 or June 2015 that is the Question?

By Bernard Wolfsdorf, Esq.

The Department of State April Visa Bulletin has now clearly stated that, “The establishment of [the China EB-5 cut-off] date can be expected no later than June [2015]”. Item D of the February 2015 Visa Bulletin advised that the expected increase in demand would require the establishment of a cut-off date during the summer to hold number use within the annual numerical limit. For more information about the China cut-off and action to be taken, see our prior blogs. So it’s either going to happen in May 2015, in which case this should be announced on or about April 10, 2015, or in June 2015, and this will be announced on or about May 11, 2015. Once a cut-off is established, this means that I-526 petitions can still be filed and approved, but Chinese nationals won’t be able to schedule final appointments in Guangzhou, or file adjustment of status applications in the U.S. unless there priority date, or filing date, as reflected on the form I-797 filing receipt, is earlier than about May 2013, or June 2013 (whatever date is selected, until that date “comes up”. The exact cut-off date will only be known when published in the visa bulletin each month.

On the positive side, President Obama’s Executive Action on business, which includes the possibility of not counting derivatives towards the quota, is alive and well. The White House recently met with interested parties to discuss the details, so there is hope that the announcement of the cut-off date will encourage the White House to take urgent action.

By | 2015-03-11T23:11:20+00:00 March 11th, 2015|Uncategorized|Comments Off on China EB-5 Cut-off Update-May 2015 or June 2015 that is the Question?

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