Application for Regional Center Under the Immigrant Investor Pilot Program

ICR 202007-1615-024

OMB: 1615-0061

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Form
Modified
Supporting Statement A
2020-08-03
Supplementary Document
2020-07-29
Supplementary Document
2020-07-29
Supplementary Document
2020-07-29
Supplementary Document
2020-07-29
Justification for No Material/Nonsubstantive Change
2020-08-03
Supplementary Document
2020-07-27
Supplementary Document
2019-10-24
Supplementary Document
2019-10-24
Supplementary Document
2019-10-24
ICR Details
1615-0061 202007-1615-024
Active 201910-1615-008
DHS/USCIS I-924
Application for Regional Center Under the Immigrant Investor Pilot Program
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved with change 08/30/2020
Retrieve Notice of Action (NOA) 08/05/2020
  Inventory as of this Action Requested Previously Approved
07/31/2022 07/31/2022 07/31/2022
1,400 0 1,400
35,620 0 35,620
1,452,000 0 1,452,000

The data collected on Form I-924 and Form I-924A is used by U.S. Citizenship and Immigration Services (USCIS) to determine eligibility for an entity to be designated as a regional center, under the Immigrant Investor Pilot Program created by section 610 of Public Law 102-395 (October 6, 1992). A regional center is defined as any economic unit, public or private, engaged in the promotion of economic growth, improved regional productivity, job creation, and increased domestic capital investment. Alien entrepreneurs ("EB-5 alien investors") admitted to the United States under section 203(b)(5) of the Immigration and Nationality Act (INA) may meet the job creation requirements under INA section 203(b)(5)(A)(ii) through the creation of indirect jobs through capital investments made in commercial enterprises that are affiliated with regional centers that are designated for participation in the pilot program. The requirements for obtaining and terminating the regional center designation for participation in the pilot program are in 8 CFR 204.6(m)(3).

US Code: 8 USC 1153 Name of Law: U.S. Code
  
None

Not associated with rulemaking

  83 FR 46508 09/13/2018
83 FR 60888 11/27/2018
Yes

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 1,400 1,400 0 0 0 0
Annual Time Burden (Hours) 35,620 35,620 0 0 0 0
Annual Cost Burden (Dollars) 1,452,000 1,452,000 0 0 0 0
No
No
There has been an increase of 2,872 in the total annual burden hours previously reported for this information collection. The increase is a result of updating the time burden calculation for Forms I-924 and I-924 to account for compliance review and site visit activities. For compliance review, the time burden estimate for the 40 I-924/924A respondents who complete the review is 960. The time burden estaimte for the 40 I-924/924A respondents who are evaluated for the site visit is 640. This results in a 1,600 hour increase. Additionally, the estimated number of Form I-924 respondents has increased from 20,400 to 21,420. This results in an increase of 1,020 estimated burden hours. The estimated number of Form I-924A respondents has increased from 12,348 to 12,600. This results in an increase of 252 burden hours. This results in the current report of 2,872 estimated burden hours.

$10,205,400
No
    Yes
    Yes
No
No
No
No
Megan Barker 202 272-9135 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/05/2020


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