June 2026: EB-5 Visa State of Play and Numbers
On June 24, 2026 Suzanne Lazicki (Business Writer and Founder of Lucid Professional Writing) joined Carolyn Lee (Principal and Founder of Carolyn Lee PLLC) for our mid-year session of Investment Immigration Conversations. As we approach the last quarter of FY 2026 and the September 30, 2026 grandfathering deadline, they discussed the latest EB-5 statistics, analyzed Q1 FY2026 data, and explored how current trends are shaping strategies for both investors and project sponsors. While the EB-5 program remains highly active and attractive, timing and data transparency are becoming increasingly important.
02:33 Why EB-5 Visa Numbers Matter for Investors & Projects
05:23 Where EB-5 Stands in Year Four of the RIA (2022)
08:02 Post-RIA Approvals: What is Moving for I-526E & I-485?
12:24 Post-RIA Approval vs. Denial Trends & Scrutiny Risks
25:19 AAO Appeals & Reversing EB-5 Denials
26:59 Direct EB-5 Processing Trends & Volume Since 2018
31:22 I-526E Receipts: India Demand Surpasses China & Rural Surges
37:02 All-Time I-526E Filings & the Growing Visa Queue
38:14 Unreserved Visa Availability & Country Cap Pressures
42:49 Post-RIA Direct Filings & I-829 Processing Trends
49:21 Adjustment of Status in FY2026 & the May 22 Memo Impact
53:12 Q&A: Late Fiscal Year Adjustment Surge & Chinese Investor Wait Times
56:47 Key Takeaways: 2026 AILA Conference & IIUSA Industry Forum
59:14 EB-5 Program Potential & Visa Constraints
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About Carolyn Lee PLLC:
Carolyn Lee PLLC is a boutique US law firm specializing in investment immigration, founded by Principal Carolyn Lee.
With a commitment to excellence and a 15+ years legacy, Carolyn Lee has assisted regional centers, developers, funds, and investors in mobilizing over $2.5 billion in EB-5 capital.
Carolyn has served four terms as Chair of the American Immigration Lawyers Association (AILA) National EB-5 Committee, and served as Chair, Vice-Chair, or Co-Chair for six years. In these capacities, Carolyn has authored key EB-5 legislative commentary. Her current advocacy focuses on long-term EB-5 program reauthorization and expansion.
Carolyn Lee is Legislative Counsel to Invest in the USA (IIUSA), the premier EB-5 trade association that represents the interests of stakeholders participating in the Regional Center Program. As IIUSA's Legislative Counsel, Carolyn advised on and drafted key portions of the 2022 EB-5 Reform and Integrity Act (RIA), particularly provisions relating to investor protection.
Thoroughly versed in the nuances of the RIA, Carolyn advises on RIA compliance for regional centers and new project requirements, as well as on new investor lawful source of funds.
Building on her knowledge of EB-5 project structuring, Carolyn has developed the "E-2 Hybrid" structure, blending traits of the E-2 and EB-5 visas.
Carolyn Lee has been listed among The Best Lawyers in America, Who’s Who Thought Leaders – Corporate Immigration, and Top 25 Immigration Lawyers. Her awards include Outstanding 50 Asian-Americans in Business Award, AILA’s Joseph Minsky Young Lawyer Award, and AILA Presidential Commendation.
A Cornell Law School graduate, Carolyn Lee is a member of the New York State Bar and admitted to the U.S. District Court for the District of Columbia.
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Disclaimer: This video is only intended to be informative. It is not intended as, and does not constitute, legal advice and does not create an attorney-client relationship with Carolyn Lee PLLC. An attorney-client relationship is formed only by an engagement signed by a client and Carolyn Lee PLLC. No part of this video may be recorded or presented without our express written consent.