According to data recently supplied by USCIS, there are more than 20,000 I-526 petitions pending adjudication as of the end of March 2016. This is a massive backlog of cases. What are the implications of this backlog to investors, and will processing times improve?
What does this backlog mean for EB-5 investors?
The current I-526 backlog translates into long delays for I-526 decisions by USCIS. In other words, many if not most investors may wait close to or beyond 16 months for their I-526 cases to be approved.
This backlog of I-526 petitions is unprecedented in the short history of the EB-5 Investor Visa Program. If you contrast the current statistics with the data supplied for past fiscal years, the increase in the number of pending EB-5 cases at USCIS is striking. At the end of fiscal year 2015, there were more than 17,000 pending EB-5 petitions at USCIS. Fiscal year 2012 closed with just 5,000 pending EB-5 petitions in the hands of adjudicators. That is a massive increase in a compressed period of time.
USCIS simply isn’t properly staffed to manage this increase in the agency’s EB-5 caseload. The agency’s backlog has quadrupled since 2012. In light of this shift in I-526 backlogs, EB-5 investors need to be prepared to wait well beyond one year for a petition to even be assigned to an officer at USCIS. Continue Reading I-526 Processing Delays Expected to Continue into 2017