Oct 2, 2018
EB-5 Regional Center Program Extended Through December 7, 2018
Benjamin S. Green
If you or your family were interested in filing an EB-5 petition and feared Congressional changes to the program, rest assured that the opportunity to continue with a $500,000 minimum investment and unchanged other material elements of the program has been extended.
With President Trump signing a short-term “minibus” bill on Friday, appropriations were made for departments of Defense, Education, Health and Human Services, and Labor, as well as a short-term Continuing Resolution (CR) to temporarily fund remaining government programs until December 7, 2018. The legislation is now enacted into law.
The specific language extending the Program through December 7, without any changes, can be found on page 143 of H.R. 6157, where Congress incorporated an extension of “title II of division M of Public Law 115-141”, the previous legislative vehicle which enacted the program through September 30.
The spectre of changes to the program, including through new regulations, does however remain. Investors seeking EB-5 immigration should strongly consider filing sooner, rather than later. We will keep our readers updated with further developments.
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