EB-5 Regional Center Program Extension and New Bill to Reform

Monday, September 30, 2019

On Friday September 27, 2019, President Donald Trump signed short-term spending bill H.R. 4378, which is a continuing resolution bill that prevent another government shutdown and keeps the government funded until Nov. 21. The EB-5 Regional Center program as part of the bill has been authorized through November 21, 2019.

On Sep.24, 2019, Senator Chuck Grassley (R-IA) and Senator Patrick Leahy (D-VT) reappeared on the EB-5 scene and introduced their newer version of EB-5 Reform and Integrity Act to reauthorize the EB-5 Regional Center Program and aim to increase Department of Homeland Security (DHS) control over EB-5; with fees come from both regional centers and investors. It will increase the transparency from all involved in the program, and believed to decrease petition processing times.

Grassley & Leahy introduce EB-5 Reform and Integrity Act to increase security, curb fraud, and extend program 5 years (2018, Sep. 27). Retrieved from https://greencardbyinvestment.com/grassley-leahy-introduce-eb-5-reform-and-integrity-act-to-increase-security-curb-fraud-and-extend-program-5-years/