Posted on 07/09/2021 by Mark A. Ivener, A Law Corporation
After Sen. Lindsey Graham’s (R-S.C.) objection to extend the EB-5 Regional Center program via unanimous consent, the program expired as of June 30, 2021. The Regional Center program enables foreign investors to obtain green cards in exchange for investment in US businesses and project Regional Centers.
There is still a positive hope that the Regional Center pr( will be revived, as it has been for over 20 years. Though Senators are currently on recess, we expect there to be further debate on this issue. Congress could reauthorize the EB- Regional Center program relatively quickly, thus ending current expiration.
If you have any questions or would like to discuss the implications of this change, please reach out to Mark Ivener at mark@usworkvisa.com.