The EB-5 Program has been extended for six months, through September 30, 2018, as part of the omnibus spending bill funding the federal government. Congress passed the spending bill early Friday morning and President Trump signed the bill today. The extension of the EB-5 Program does not include any of the controversial reforms. Potential reforms
EB-5 Update!
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ongress has passed a stopgap spending bill which will extend the EB-5 Regional Center Program through January 19, 2018 without change. It is expected President Trump will sign the bill today, thereby averting a government shutdown. Without the stopgap spending bill, the EB-5 Program was otherwise due to expire tonight. We will be closely
EB-5 Alert! Congress Extends EB-5
The EB-5 Program has been extended through December 22, 2017. The Program was extended as part of a continuing resolution (CR) funding the federal government through December 22, 2017, thus preventing a government shutdown.
There are no changes to any federal programs with this two-week extension which is welcome news for EB-5 industry stakeholders.
EB-5 Regional Center Program Reauthorized to Dec., 8, 2017
The U.S. Congress extended the EB-5 Regional Center Program through December 8, 2017, without reform, as part of a stopgap continuing resolution to fund the federal government (H.R.601), which the President signed into law on September 8.
The language in H.R.601 Section 106 states that the program is “extended to December 8,”
Law360 Article: Potential EB-5 Changes Ahead
Fox counsel Ali Brodie, who heads Fox’s EB-5 Immigrant Investor Services practice, has written a piece for Law360 providing a comprehensive view of reform efforts centered on the EB-5 program. Extended to September 30, 2017, there are now bipartisan discussions to update and improve the program. Changes being discussed include reclassification of Targeted
EB-5 Alert! Proposal to Extend EB-5 Regional Center Program
Today, Congress submitted a proposed omnibus spending bill to extend funding to the government through September 30, 2017. The EB-5 Regional Center Program is included in the bill which proposes a clean extension without any of the much-debated reforms. If approved, the EB-5 Regional Center Program will be extended through September 30, 2017, offering
EB-5 Alert! Congress Extends EB-5 for One Week
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.
EB-5 Alert! DHS to Publish Proposed Rules Addressing TEAs and Minimum Investment Amount
Today, January 13, the Department of Homeland Security (DHS) will expand upon the notice of proposed rulemaking released on January 11, 2017 by publishing a Notice of Proposed Rulemaking in the Federal Register, titled ‘EB-5 Immigrant Investor Program Modernization,’ addressing a variety of policy issues including Targeted Employment Area (TEA) designation and minimum investment amounts.
Fox Rothschild Formalizes EB-5 Immigrant Investor Services Practice
Fox Rothschild LLP has formalized its EB-5 Immigrant Investor Services practice, led by Scott Bettridge in Miami and Roy J. Carrasquillo in New York. The national practice boasts a multidisciplinary group of attorneys drawn from its Corporate, Immigration, Government Relations, International, Real Estate, Securities and Tax practices. The firm’s EB-5 team provides an integrated approach
Continuing Resolution filed in US Senate includes temporary reauthorization of EB-5 Regional Center Program
A draft of a Continuing Resolution (“CR”) was filed yesterday by Senate Majority Leader Mitch McConnell which would fund all current US government operations through December 9, 2016. Because last year’s Omnibus appropriations bill included the EB-5 Regional Center Program, the EB-5 Regional Center Program would be extended automatically by the passing of the CR