A “clean extension” bill for the EB-5 Regional Center program has been recommended by the House and Senate, and is set to be included with the larger appropriations bill set to pass before the end of the week. This would extend the program until at least September 30, 2016, with no changes made. Meanwhile, the United States Citizenship and Immigration Services will continue to accept and process all EB-5 petitions as usual until the new extension is formally passed.
EB-5 advocates, including the EB-5 Investment Coalition, are working diligently in Washington to promote reform and improvement measures to the EB-5 program that will make it easier and more attractive for immigrants to invest in the U.S. economy.
While more time is needed to implement these reforms, EB-5 advocates and industry leaders remain confident that immigrant investor voices will continue to be heard in Congress, and that before long improvements to the EB-5 program will be made that will protect all members of the EB-5 industry and increase investment opportunities.
Until that time, the existing EB-5 Regional Program will continue until at least September 30, 2016, and business will carry on as usual for USCIS and EB-5 petitioners.