Today, Congress extended the EB-5 Program for 1 week through May 5, 2017. The Program was extended as part of a continuing resolution (CR) funding the federal government through May 5, 2017, thus preventing a government shutdown. The EB-5 Program would have otherwise sunset today. The President has until midnight tonight to sign the CR.
This is welcome news for EB-5 industry stakeholders as the program is alive for another week and allows more time for negotiations with lawmakers, with the ultimate goal of reaching a deal that would reform the program with a long-term reauthorization.