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
Washington’s divisive political climate has led to many uncertainties in the future of the EB-5 Immigrant Investor Visa Program. Last week, the House and Senate passed a continuing resolution that prevented a government shutdown and provided for the extension of the investor visa program until December 22, 2017. As announced on Twitter, President Trump signed the continuing resolution minutes after it hit the Oval Office desk.» Read More
The Norris McLaughlin & Marcus Immigration Practice Group reminds all EB-5 Regional Centers that the annual regional center certification submission deadline for 2017 is December 29.
United States Citizenship & Immigration Services (USCIS) requires all EB-5 Regional Centers to submit a Form I-924A Supplement to Form I-924 at the close of each fiscal year. The filing serves to demonstrate that the EB-5 Regional Center remains eligible for the regional center designation. » Read More