All our clients are asking to give them a sense of the next reauthorization date of the EB-5 Regional Center program.
All our clients are asking to give them a sense of the next reauthorization date of the EB-5 Regional Center program. We are getting this question from our existing clients that already filed their I-526 applications and are waiting for their approvals and new potential clients waiting on the sidelines due to the uncertainty of the program's next reauthorization date.
Answers
We are hearing that the appellants', Department of Homeland Security, opening brief in the Behring lawsuit is due on December 6, 2021. Appellee's, Behring, answering brief is due on January 6, 2022, which suggests that we expect to wait until, at least, late January 2022 for the decision to be issued. In other words, it appears that we still have some time to process at the lower level of $ 500,000 unless the government chooses to use their authority to change the rules or Congress comes up with a fresh new EB-5 bill. Both of these scenarios are very unlikely. Please kindly click here to see the Time Schedule Order provided by IIUSA.
https://iiusa.org/wp-content/uploads/2021/09/2021-08-31-Appeal-Case-Number.pdf
Consensus is developing that Congress may add the EB-5 Regional Center Program to the omnibus spending bill on September 30, 2021. If so, it may be extended, without any modification, until around December 10, 2021, or the end of the year.
Top Contributors
Marko Issever
Philip Cohen
Raymond Lahoud
Gregory Finkelson
Mark Ivener
Ismael Fernandez
Fredrick Voigtmann
A. Olusanjo Omoniyi
Russell C. Weigel, III
Gerald CipollaLatest Questions
Subscribe for News
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
