Dec 7, 2017
CR Passed by House and Senate, EB-5 Regional Center Program to Face New Dec. 22 Sunset
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.
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