Yet again, the House and Senate have passed and sent to the White House a continuing resolution that prevented a government shutdown and extended the EB-5 Regional Center Program until March 23, 2018. Invest in the USA (IIUSA), the national membership-based industry trade association for the EB-5 Regional Center Program, noted in a statement that the continuing resolution provides much-needed time to reach an agreement on a permanent EB-5 program fix:
We believe that this new deadline on March 23rd will be the first time since December of 2015 that EB-5 reform could realistically have a legislative vehicle for reform and a long-term reauthorization.» Read More
In her remarks to Congress this morning, Fed Chair Janet Yellen noted that while she is not overly concerned about the U.S. economy going forward, she is concerned that the U.S. housing market may be a drag on that continued recovery. She commented that while the U.S. economy was basically stagnant in the first quarter (a 0.1% annual growth rate), much of that stagnation can be attributable to the harsh winter in the U.S.» Read More
This week in international business, we look at intellectual property: the saga continues between Apple and Samsung with no signs of ending any time soon, the Senate and the House both take a crack at patent reform, and a patent office opens in the Silicon Valley.
The American Immigration Lawyers Association today posted a practice advisory as a result of comments made this morning by Charles Oppenheim, Chief of the Visa Control and Reporting Division at the U.S. Department of State. According to AILA, Oppenheim projects that in either May or June the EB2 employment based visa categories will retrogress almost three years from the May 2010 date listed in the April Visa bulletin just released this past Monday to “around” August 2007.» Read More