In a late-night vote, the House and Senate passed and sent to the White House a continuing resolution that prevented a government shutdown and extended the EB-5 Regional Center Program until January 19, 2018. As the Norris McLaughlin & Marcus Immigration Blog reported, the EB-5 Regional Center Program was set to end at the stroke of midnight December 22, 2017.
This is only a temporary fix, pushing off any long-term resolution to the EB-5 Investor Visa Program for just a few weeks. EB-5 Industry Leaders have raised concerns about the many unanswered questions, and whether the program is going to be dependent on Washington, DC, negotiations every few weeks.
Please check back during the next few weeks for updates on a reauthorization of the EB-5 Immigrant Investor Regional Center Program in the coming year. To learn more about this or any other immigration matter, feel free to contact me, Raymond G. Lahoud, at rglahoud@nmmlaw.com.