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What does it mean when an I-526 Petition is pending with the Immigrant Investor Program Office (IPO)?

A “pending” I-526 Petition is one that has been filed but has not yet been adjudicated by USCIS. As of 2015, the adjudication of all I-526 Petitions takes place at the IPO, which USCIS created specifically to handle EB-5 petitions.