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EB-5 News & Updates September 27 - October 04

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President Trump Signed Continuing Resolution into Law
The President, today,signed H.R. 6157,a bill making Appropriations for Defense and Labor Health and Human Services & Education with a Continuing Resolution for other government programs not reauthorized by Oct 1st.The Continuing...
Visa program for wealthy reauthorized: What to know
The Trump administration has temporarily renewed a controversial immigration program, which has been deemed the “visas for millionaires” program, until after the midterm elections. The EB-5 Regional Center program, which awards green...
More South Africans seeking US Green Card through EB-5 investment than ever before
With the South African economy entering its first recession since 2009 and the value of the Rand falling 20% in 2018, more and more South Africans are seeking alternate permanent residency in foreign countries. Industry data reveals...

Updates

Firms Updates
Washington Update: EB-5 Regional Center Program Reauthorization Extended to December
Amidst looming concern with the EB-5 Regional Center program potentially expiring on September 30th, 2018 – over the last week, the U.S. Congress has passed legislation that extends the program in its current form, through December 7th, 2018. The...
EB-5 is alive, but for developers and investors future remains uncertain
Developer demand has fallen for the federal visa program that was extended until Dec.7 EB-5, the once wildly popular green card program giving developers easy access to financing at low rates, is alive but in limbo. Developer demand has fallen,...
Regional Center Updates
Candidate Willhoit on EB-5 scandal
My name is Janssen Willhoit, and I am a candidate for Vermont attorney general. The values that most inspired me to run for the chief law enforcement office in Vermont are transparency and equal justice under the law. The issue that most...
User Updates
Newport Beach attorney agrees to pay $2.3 million as visa scam case widens
A federal judge ordered a Newport Beach lawyer to pay $2.3 million in restitution and fines stemming from an alleged real estate and visa fraud case on the very day that his business partner got charged with the same crimes, court documents show....
Project Updates
Feds terminate Capt. Chen's EB-5 center on Columbia River
Federal authorities have terminated the Great Ocean EB-5 Regional Center, which Capt. Huy Ying Chen started in 2013. The termination of...
One Big Sky District aims to be more than a convention center, developer says
Bob Dunn of Landmark LLC makes a presentation on the One Big Sky District in this July file photo. On Monday evening, Landmark President...
One Big Sky developer details Billings growth strategy
Billings city councilmembers heard an update of the proposed One Big Sky District on Monday night during a council work session. The...

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