EB-5 Regional Center Program Extended As Part of Congress’ Debt Ceiling Deal

Extension of EB-5 Regional Center Program

Congress has extended the EB-5 Regional Center program through December 8, 2017, without reform. This extension is part of a stopgap Continuing Resolution orchestrated by the White House and Congress to extend the debt ceiling by three months.

Congress is expected to extend the EB-5 Regional Center program later this year. Senator John Cornyn is pushing hard to pass a reform bill, and there is speculation that the EB-5 Regional Center program may be extended as part of broader immigration reform that will also address the Deferred Action for Childhood Arrivals (“DACA”) program, as well as the US-Mexico border wall that President Trump has pushed for.

The EB-5 Regional Center program has been a boon to the US economy over the years, creating jobs for American workers and helping providing visas to valuable investors so that they can do business in the US. We are working to remind Congress of these facts and are hopeful that they will reform the EB-5 visa program in a way that allows for potential expansion of the program as well as continued protection for EB-5 investors.

For further analysis, see an article by our friend Martin Lawler here.