02 Oct U.S. Government Extends the EB-5 Regional Center Program Until December 11, 2015
Today, September 30, 2015, the U.S. Congress approved a short-term law named H.R. 719 that funds the U.S. Government’s operations and extends the EB-5 Regional Center Program until December 11, 2015.
September 30, 2015
President Obama has approved and signed the short-term law, thereby completing the constitutional requirements for enacting the law.
The effect of this new law is to extend the EB-5 Regional Center visa program without any changes until December 11, 2015. This is a very fortunate development for EB-5 investors. For example, the minimum investment amount of $500,000 in high unemployment areas remains the same until December 11, 2015.
The U.S. Congress and the President will again need to pass a new law after December 11, 2015 to continue the EB-5 Regional Center Program.
After December 11, 2015, it is widely expected that EB-5 Regional Center Program will experience some important changes. Lawmakers will likely raise the minimum investment amount for EB-5 investors, and changes could be made to the requirements for new Regional Center investment projects.
I.A. Donoso & Associates will continue to closely monitor activity on Capitol Hill in order to detect changes in requirements for EB-5 investors.
Please contact I.A. Donoso & Associates should you have any questions.