Back to Top skip to main content
Green and Spiegel - An Immigration Law Firm
Feb 28, 2019

Matthew Galati Quoted in Bloomberg Law Article EB-5 Regulations at OMB

Matthew Galati

Original article available at: https://news.bloomberglaw.com/daily-labor-report/immigrant-investor-visa-to-see-changes-after-congress-inaction 

On Feb. 25, 2019, Matthew Galati, who leads Green and Spiegels U.S. Investors and Entrepreneurs Division, was quoted in “Immigrant Investor Visa to See Regulatory Changes Soon,” printed by Bloomberg ​Law.

Published this week, Matt commented on concerns that the regulations impose. The main concern is the increase in investment amounts, which would create massive disruptions in the marketplace. It would likely result in a rush to file visa petitions before the new requirements kick in. Once in effect, the higher amounts are likely to drive down demand for the visas.

Matt also mentioned concerns about the proposal to shift the TEA determination to the USCIS from the states. With recent reports about ever-increasing processing times at the agency, he noted that there is a danger that projects aren’t going to be able to get their offering documents ready.

Bloomberg Law helps legal professionals provide world-class counsel with access to actionable legal intelligence in a business context. They deliver a unique combination of practical guidance, comprehensive primary and secondary source material, trusted news, time-saving practice tools and analytics, market data and business intelligence. A copy of the article is attached to this post.

Reproduced with permission. Published Feb. 25, 2019. Copyright 2019 by The Bureau of National Affairs, Inc. (800-372-1033) <http://www.bna.com>​

Related Team

Recent Blogs

May 07, 2019

EB-5 Quota Backlog Updates: India Spikes to 8.4 Years; Vietnam Holds Steady

Roughly six months ago Green and Spiegel provided DHS’ Chief of the Visa Control and Reporting Division Charles Oppenheim’s EB-5 quota backlog projections. The numbers provided key insights for many, especially those weighing EB-5 who have children that might “age out” due to long visa queues. Today Mr. Oppenheim provided an important update. Learn more in this blog.

Apr 12, 2019

Matthew T. Galati Wins Legal Intelligencer 2019 Professional Excellence Award

Green and Spiegel congratulates Matthew T. Galati, who has just received a 2019 Professional Excellence Award and named a “Lawyer on the Fast Track” by The Legal Intelligencer.

Apr 11, 2019

Israeli E-2 Visas Confirmed for May 1, 2019

The Israeli E-2 visa will soon become a reality. As reported by our office in late March, the long-awaited treaty investor agreement between the United States and Israel was expected to become effective in just few short weeks. As an update, the U.S. Embassy has now confirmed that Israeli E-2 visa applications will be accepted as of Wednesday, May 1, 2019. Learn more in this blog!