Back to Top skip to main content
Green and Spiegel - An Immigration Law Firm
Menu
Dec 7, 2017

CR Passed by House and Senate, EB-5 Regional Center Program to Face New Dec. 22 Sunset

Matthew Galati

Today both the U.S. House of Representatives and the Senate passed a Continuing Resolution that will leave the EB-5 Regional Center Program operational – and without changes to its provisions – through December 22.

The day was not without its drama as it began with Democrats whipping “No” votes. As we discussed before, a major breaking point between the parties is the treatment of DACA beneficiaries. Because this and other divisive issues remain unresolved, it remains to be seen whether the program will be extended further, and in just two weeks’ time.

The CR now goes to the president’s desk for signature. He is expected to sign the extension.

Investors seeking EB-5 immigration should strongly consider filing before Dec. 22. We will keep you updated with further developments.

Contact us today to discuss immigration through investment options in the U.S., Canada, and beyond. 

Related Team

Recent Blogs

Mar 20, 2019

The Israeli E-2 Visa Is Expected to Go Live on May 1, 2019

We have tracked the roll-out of the Israeli E-2 visa for several years. Implementation may finally take effect in just six weeks’ time, according to the Israeli office of Population and Immigration Authority (PIBA). Learn more in this blog.

Feb 28, 2019

Matthew Galati Quoted in Bloomberg Law Article EB-5 Regulations at OMB

On Feb. 25, 2019, Matthew Galati, who leads Green and Spiegels U.S. Investors and Entrepreneurs Division, was quoted in “Immigrant Investor Visa to See Regulatory Changes Soon,” printed by Bloomberg ​Law. Read the full article here.

Feb 25, 2019

New EB-5 Regulations Expected Soon as USCIS Finalizes Rule and Sends Text to OMB

For over two years, we’ve extensively covered USCIS’ proposed EB-5 Modernization Rule. On Friday, February 22, USCIS formally completed its revisions to the proposed rule via the notice and comment process, sending its draft of the Final Rule to the Office of Management and Budget (OMB). There is no published timetable for OMB’s assessment and publishing of the Final Rule into the Federal Register. Learn more in this blog.