The EB-5 Immigrant Investor Visa program and the Regional Center program will remain in effect and unchanged until December 8, 2017.
On Friday, September 8, 2017, the White House announced that the President signed into law:
H.R. 601, the "Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief Requirements Act, 2017," which amends the Foreign Assistance Act of 1961 to direct that it is U.S. policy to promote basic education through particular programs, and establishes the position of Senior Coordinator of United States International Basic Education within the U.S. Agency for International Development.
Division B of the bill, Supplemental Appropriations for Disaster Relief Requirements, 2017, provides $15.25 billion in emergency funding for the Departments of Homeland Security and Housing and Urban Development and the Small Business Administration to support disaster response and assistance.
Division C of the bill temporarily suspends the statutory debt limit through December 8, 2017.
Division D of the bill includes a short-term continuing resolution (CR) that provides fiscal year (FY) 2018 appropriations through Friday, December 8, 2017, for the continuing projects and activities of the Federal Government.
Readers will notice that there is no mention of the EB-5 Visa program in the White House press release because it is included in Division D as part of the short-term continuing resolution that essentially keeps extends funding for all covered government activities. The continuing resolution is popularly referred to as avoiding a government shutdown.
Congress will have to act on the EB-5 program once again by December 8th at the latest. Look for our next article which will explain the options that Congress will have.
As always, we welcome your input and discussions about immigration on our LinkedIn group: Business and Immigration News & Views
Dr. Gregory Finkelson’s book, Moving Your Family to America – A Simple Guide to Business and Investment Immigration is now available in English and Chinese versions on Amazon. Click on the appropriate language link to order your copy now: www.Biz-Visa-USA.com. You may contact us directly at : www.Business-Visa-USA.com, www.Business-Visa-USA.cn, www.Business-Visa-USA.hk or www.Business-Visa-USA.ru.