Thursday, September 29, 2016

EB-5 regional center program extended until Dec. 9

The House gave approval Wednesday to an already Senate-approved continuing budget resolution that would extend the EB-5 regional center program until Dec. 9, and avoid a government shutdown.

Saturday, September 17, 2016

EB-5 bill is a mixed bag but won't become law

Rep. Bob Goodlatte, chairman of the House Judiciary Committee, has introduced a bill that targets the so-called "EB-5 Program" for foreign immigrant investors. It has some good provisions in it, some bad provisions, but is not likely to become law.
Congress has shown the American people over and over again that it will not do anything about immigration -- legal or illegal -- so the bill has little chance of becoming law. I would not be surprised if the chairman gets a favorable vote in the House Judiciary Committee, but in my view it goes no further.
What is likely is a reauthorization of the EB-5 Program for three to five more years in the Continuing Budget Resolution, and that will likely occur in the first week or so in December before this session of Congress adjourns sine die.  You heard it here first.