Friday, December 7, 2018
On Thursday, December 6, Congress sent President Trump a short-term spending bill to move back the deadline for a partial government shutdown until December 21, 2018. Both the House and the Senate passed the legislation by voice vote on Thursday. Trump is expected to sign the measure. These measures would thus extend the current EB-5 Regional Center program without change until December 21, 2018.
The EB-5 Regional Center program was supposed to expire Friday, December 7 at midnight. As Congress participated in memorial events for former president George H.W. Bush, lawmakers have decided to delay this deadline to December 21.
The two-week extension provided will provide opportunity for investors to file their I-526 petition with USCIS, before the probable EB-5 program Reform, which could see an increase to the minimum investment levels from $800,000 to $1,800,000. Even though the final investment amount has not been agreed upon, an increase in the investment measure will soon occur.
Werner, E. (2018, December 6). Congress sent President Trump a short-term spending bill Thursday to move back the deadline for a partial government shutdown. Retrieved from https://www.washingtonpost.com/business/economy/house-passes-short-term-spending-bill-setting-up-pre-christmas-shutdown-fight/2018/12/06/208144ce-f4c6-11e8-bc79-68604ed88993_story.html?utm_term=.f94ef845d1d8
Washington Update: EB-5 Regional Center Authorization Receives Short Term Extension until December 21st. (2018, December 6). Retrieved from https://www.marketwatch.com/press-release/washington-update-eb-5-regional-center-authorization-receives-short-term-extension-until-december-21st-2018-12-06