EB5 Investors Magazine "Top 25 issue" Volume 9 Issue 1 | Page 52

TOP CORPORATE ATTORNEYS
ROGELIO CARRASQUILLO
CARRASQUILLO LAW GROUP

Rogelio " Roy " Carrasquillo is the managing shareholder of Carrasquillo Law Group P . C . and chair of its EB-5 Immigrant Investor Program services and compliance and securities practices . Carrasquillo represents public and private clients using EB-5 as a source of capital , filing for EB-5 regional center designation , investors evaluating their options at the redeployment stage , as well as developers seeking to raise capital using the EB-5 program . He is experienced with public-private partnership projects using EB-5 funds , Opportunity Zones and Tax Credits . He is a graduate of Georgetown University and University of Pennsylvania Law School and is admitted to practice in New York and Puerto Rico .

WHAT DO YOU THINK ABOUT THE EB-5 REFORM AND INTEGRITY ACT OF 2022 ?
After years of waiting , Congress finally passed the EB-5 Reform and Integrity Act of 2022 . Unfortunately , the Act did not bring the stability and clarity that industry stakeholders were expecting . It provided much needed investor protection measures and policies , and further delaying capital from foreign investors to reach the U . S . economy . Also , given the new costly requirements and compliance obligations , we believe that the costs associated with EB-5 investments for developers , regional centers and individual investors will increase , potentially decreasing the amount of available capital for U . S . projects . Nonetheless , despite the uncertainties and changes , we continue to see an interest from EB-5 investors , especially from Latin America , in projects that would qualify under the new rules .
HOW ARE YOU HANDLING THE ISSUE OF REDEPLOYMENT ?
We continue to advise investors and developers on issues related to the redeployment of EB-5 capital , including dealing with the corporate process , to allow for the proper repayment to investors who filed their I-526 prior to March 15 , 2022 . We are also working with developers and regional centers to adapt their corporate and securities documents for new projects to reflect these new guidelines and requirements under the EB-5 Reform and Integrity Act of 2022 . The Act relaxed the sustainability period requirements for EB-5 investments , while still allowing the redeployment of EB-5 capital which is paid back to the NCE prior to the end of an investor ' s applicable sustainment period . Nonetheless , the 2022 Act imposed harsh consequences for the improper redeployment of funds , which makes the careful drafting of offering and corporate documents extremely important .
IMMIGRATION THROUGH INVESTMENT

Introducing THE FREDERICK

A PRIORITY PROCESSING ,
RURAL EB-5 PROJECT INVESTMENT
Scan to watch the project video
WHATSAPP + 1 832.829.5805 I HOUSTONEB5 . COM I INFO @ HOUSTONEB5 . COM
This advertisement is for information purposes only and does not constitute or form part of an offer or solicitation to sell securities whatsoever nor does it constitute investment advice or counsel or solicitation for investment in an security by Houston EB5 . Any such offer or solicitation will be made only means of confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws . Houston EB5 expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from ( i ) reliance on any information contained in this ad , ( ii ) any error , omission or inaccuracy in any such information or ( iii ) any action resulting .
52 EB5 INVESTORS MAGAZINE