Yesterday, Congress introduced a bill for another continuing resolution that will extend federal government funding through April 28, 2017. Included in this stop-gap measure is a short-term reauthorization of the EB-5 Regional Center Program through April 28, 2017, avoiding a lapse to the Program which would otherwise sunset on December 9, 2016.
EB-5 visa program may expire on Sept. 30 if Congress doesn’t take action
The investor visa program, EB-5, is set to expire on September 30, unless Congress can temporarily extend it, or reform it to cut down the loopholes and eliminate the numerous cases of fraud that surface with the program.
H.R.719 - Continuing Appropriations Act, 2016
On Wednesday, September 30, 2015, the House passed the Senate Amendment to H.R. 719, the Fiscal Year 2016 Continuing Appropriations Resolution, which extends the EB-5 Regional Center provision until December 11, 2015.