Matt Virkstis serves as Chief Compliance Officer & General Counsel to LCR Capital Partners. Matt assists the firm in legal and compliance matters, as well as governmental affairs.
Prior to joining LCR, Matt was associated with the Pine State Regional Center, a subsidiary of the Arkansas Capital Corporation, where he served as Director of Government Affairs. Matt also previously worked for the law firm of Greenberg Traurig, advising clients on EB-5 and immigration policy issues.
From 2005 to 2014, Matt served as Senior Counsel to the U.S. Senate Judiciary Committee for former Committee Chairman Senator Patrick Leahy, where he handled a broad portfolio of policy and oversight issues, including immigration policy and the EB-5 program. During his tenure with the Senate Judiciary Committee, Matt was responsible for oversight of the Department of Homeland Security and its sub-agencies. Matt played a key role in the enactment into law of several significant pieces of legislation championed by Senator Leahy, including all reauthorizations of the EB-5 program between 2006 and 2012. Matt’s government service gives him a keen perspective on the political and policy issues that are central to the EB-5 program.
Matt attended the University of Vermont, where he earned a BA with honors. He received his JD, cum laude from Vermont Law School. Matt is based in Washington D.C., where he lives with his wife Katherine and their two sons.
The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.
If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.
LCR expects the program to be reauthorized in December, and continues to work with international families that want to explore alternative residency options.