Congress about to Extend EB-5 Program for Three Years

House and Senate conferees completed their negotiations on the final version of the FY 2010 Department of Homeland Security appropriations bill (H.R. 2892) on Wednesday afternoon October 7, 2009. The final conference report includes a three-year extension for the EB-5 regional center pilot program.

The conference version of the bill will now go to the House and Senate for final votes in the next few days and then to President Obama for signature. The votes are expected to be a formality.

UPDATE 10/28/2009: H.R. 2892 “DHS Appropriations Act, 2010” containing a 3-year extension of EB5 Pilot Program was signed into law by the President on Wednesday October 28, 2009.