Short Term Extension of the EB-5 Regional Center Program Included in Senate Proposed CR

22 September, 2015 – Washington, DC

This afternoon, the US Senate released its proposal for the “continued resolution” (CR) to extend current funding levels for the federal government through December 11, 2015 and includes reauthorization of the EB-5 Regional Center Program for the same duration in Section 131.

It is unclear exactly when the Senate will vote on this measure, and more unclear how the House will act, according to the not-for-profit industry trade association for the EB-5 Regional Center Program IIUSA. This is, however,  an important step forward for a short term reauthorization that avoids any lapse in the Program while a longer term reform/reauthorization package is negotiated.

 

Source: https://iiusa.org/ 22 September 2015

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