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.
U.S. SENATE MOVES TO EXTEND EB-5 PROGRAM AS IS
The Senate is moving forward with an extension of the EB-5 immigrant investor program as is and reforms to the program appear unlikely.
The provision to extend the program is included in the continuing resolution, a short-term budget bill that allows the government to keep running until early December.
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.
Supreme Court Immigration Decision: 4-4 Tie Blocks Obama’s Executive Action Helping Immigrants
Breaking News: The Supreme Court announced today that it was deadlocked in a 4-4 tie in a decision on the immigration policies of U.S. President Barack Obama. The decision effectively blocks Obama's action, allowing an appeals court decision to stand.
Trump's And Sanders' Immigration Plans Would Shake The Biomedical World
First the big news. Presidential candidates Donald Trump and Bernie Sanders actually agree. On what could they possibly agree? Both are are opposed to the current H-1B visa program and would like to see the minimum wage of the visa raised. Both have highlighted the impact of the current visa program on jobs for Americans. Much of the Presidential debate over the H-1B Visa has focused on how the visa affects the computer and information technology world.
Lawmakers Take ‘Fix It or Nix It’ Stance on EB-5
A popular senior housing finance program that was previously under fire received a short term reprieve—but lawmakers continue to discuss dismantling or reforming it.
The EB-5 financing program has been extended exactly as is until September 30, 2016, but calls to reform the program with stricter regulations have remained. The provision to extend the program without major changes was approved within the federal funding Omnibus Bill by Congress on December 15. But in early February, the program was back up for debate.
DHS Proposed Rule to Amend Its Regulations Related to Skilled Workers
DHS proposed rule to amend its regulations related to Skilled Workers (EB-1, EB-2, and EB-3 immigrant and non-immigrant) visa programs. Comments are due by 2/29/16. (80 FR 81900, 12/31/15)
EB-5 Provision Extended
A joint resolution in Congress has temporarily extended the EB-5 provision governing Regional Centers by granting funding of the program until December 16, 2015.
New Bi-Partisan Bill Push For H-1B, L-1 Visa Reforms
A new Bi-Partisan Bill introduced by Senators Grassley and Durbin is pushing for H-1B, L-1 Visa Reforms.
U.S. Senators Chuck Grassley, Chairman of the Senate Judiciary Committee, and Dick Durbin, Assistant Democratic Leader, today are introducing bipartisan legislation that would reform the H-1B visa program, consistent with Congress’s original intent, by ensuring that qualified American workers are given the first opportunity at high-skilled job opportunities. The legislation makes reforms to increase enforcement, modify wage requirements and ensure protection for American workers as well as visa holders. Grassley and Durbin first introduced this legislation in 2007 and have been long-time proponents of H-1B reform.