EB-5 REAUTHORIZED THROUGH DECEMBER 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,” which does not necessarily mean “guaranteed to remain unchanged until December 8.” Congress is reportedly actively working on a major EB-5 reform bill and they could come up with legislation before December that affects multiple visa categories including EB-5.pressure to reach deals before leaving for the holidays.

There is speculation that the TEA investment amount could increase from $500,000 to $925,000 after December 8.