EB-5 Regional Center Law to be Extended to March 31, 2017

Congress announced that it will postpone passing a new government funding bill until March 31, 2017, when the new President will take over.

A short-term continuing resolution will soon be passed that will extend the current government funding until March 31st. It is anticipated that the EB-5 RC program will be part of the continuing resolution and thus the RC law will also be extended to March 31st. This announcement comes just three weeks before the December 9t h sunset of the EB-5 RC law and the deadline for continued funding of federal agencies and programs.

The final showdown on any EB-5 reform package will likely come before March 31st. Once that deal is done, whatever it is, I doubt it will be revisited over the next several years. Now is the time to organize and lobby Congress to continue extending the EB-5 program.