USCIS has officially asked for public comments on a new, proposed rule that would give the federal agency the power to process certain EB-5 Immigrant Investor visa applications that were approved between 1995 and 1998. This proposed rule would apply to the group of immigrant investors who received approval of their Forms I-526, the Immigration Petition by Alien Entrepreneur, between January 1, 1995, and August 31, 1998.

The rule would enable USCIS to process roughly 580 applications from immigrant investors and their dependents who received approved Forms I-526 during the stated time period and who, before November 2, 2002, wished to register for permanent residence or adjust status, or remove conditions on permanent residence obtained as an alien entrepreneur.