EB-5: Post Chinese New Year

Chinese EB-5 investors are back from the New Year holidays and are again looking at investments. We have begun work on a number of new cases in the past two weeks.

The Scalia Effect

The death of Supreme Court Justice Scalia may affect the EB-5 Regional Center extension statute, set to expire on September 30, 2016. The Senate Judiciary Committee has jurisdiction over the EB-5 statute extension and it also vets and votes on all federal judge appointments. If the President’s Supreme Court nominee results in a protracted battle, the Senate Judiciary Committee may be tied up this spring and summer on Supreme Court matters and may not have the bandwidth for a fight over the EB-5 statute.