Congress Acts to Extend EB-5 Regional Center Program for Three Years

Congress has agreed in principle to extend the EB-5 regional center program for three years, until September 30, 2015. The Senate has already acted, passing the extension on August 2 by unanimous consent. The House of Representatives is in recess in August, but is expected to pass the extension soon after it reconvenes in September. This is good news for the regional center program, as it alleviates concerns that the program might expire on September 30.

The EB-5 extension is part of S. 3245, which also extends three other immigration programs for three years.