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Archive for the ‘Government Relations’ Category

Another Extension of the EB-5 Regional Center Program

Posted on: September 14th, 2017

By: Kenneth S. Levine

untitledA continuing resolution entitled H.R. 601 was signed a few days ago by President Trump. The primary purpose of this latest CR was to approve an allocation of funding for federal government operations through December 8, 2017. However, H.R. 601 also included a provision for a three month extension of the EB-5 Regional Center Program. This latest extension, which comes after a string of previous extensions, leaves intact the program’s current regulatory minimum level of investment ($500,000).

The EB5 investors program remains politically controversial. It is certainly possible that the administration will seek to make changes to the program through Congress by this December. However, in the absence of Congressional action, a further extension of the program is widely anticipated within the next few months.

For additional information related to this topic and for advice regarding how to navigate U.S. immigration laws you may contact Kenneth S. Levine of the law firm of Freeman, Mathis & Gary, LLP at (770-551-2700) or [email protected].