Short-term Extension of the EB-5 Regional Center Program (Oct. 2019)

On or about September 27 2019 President Trump signed H.R. 4378 a short-term continuing spending resolution (CR) funding the government through November 21 2019. The short-term CR prevents a federal government shutdown and also ensures that the EB-5 Regional Center Programs authorization has been extended through November 21 2019. This short-term EB-5 regional center program extension prevented the EB-5 regional center program from losing its authorization to operate on September 30 2019.  As most all EB-5 stakeholders also now understand the published DHS EB-5 reform regulations for the EB-5 program (which includes a sizable increase I the program’s minimum investment amounts) are set to go into effect on November 21 2019 unless a legislative reform package is signed into law prior to that date to pre-empt them.  Stay tuned for more EB-5 Program news updates.