EB-5 in the news (Kushner Cos in China, SEC in Idaho, visa dates, Ombudsman, RC terminations)
Now that we’ve celebrated the good news of regional center program extension to September 30, 2017, here’s some concerning news to keep in focus as well.
- The regional center program was barely extended – just another few months added. The program desperately needs stability – preferably the stability of a permanent program, and at least the stability we used to have of three-to-five year extensions. These tiny months-long jumps reflect deferred decision-making, not necessarily votes in the program’s favor. We need Congress to take positive action on EB-5 — something it hasn’t done since 2012.
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
- Chuck Grassley
- New York City Regional Center
- Association to Invest In the USA (IIUSA)
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