Proposal to Reauthorize EB-5 Program through September 30, 2017

 

A proposal to extend the EB-5 Regional Center Program without change through September 30, 2017 is part of a bipartisan omnibus spending bill passed by the Appropriations Committee of the House of Representative.  The proposed legislation is expected to be approved by the House and Senate prior to the short-term deadline of Friday, May 5th.

It is very likely that Congress will reconvene this year to address a long-term extension of the EB-5 program and various reforms, including increasing the investment thresholds, restricting the use of targeted employment areas and increasing Regional Center compliance.