EB5 program extended without change until December 9, 2016

Yesterday, Congress passed a Continuing Resolution to keep the government funded.  During that time, the EB5 program was extended without change until December 9, 2016.  That means, if you hope to file an EB5 application, you have until December 9th to file your petition with the current investment amount. Minimum investment may well increase when the matter is taken up by law makers for voting.

 

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On 9/29/16, President Obama signed into law H.R.5325 to keep the government funded until December 9, 2016.


Late on 9/28/16, by a vote of 342 yeas and 85 nays, the House passed H.R. 5325, a bill that included the Continuing Resolution (CR) which keeps the government funded until December 9, 2016. H.R. 5325 now goes to the President for signature. H.R. 5325 will extend the Religious Worker, Conrad 30, EB-5, and E-Verify programs until December 9, 2016.


On 9/28/16, the Senate passed H.R. 5325, a bill that included the Continuing Resolution (CR) which funds the government until December by a vote of 77 yeas and 21 nays. The CR is a stopgap spending measure that will keep the government funded until December 9, 2016, by which time another spending bill will have to be passed. H.R. 5325 is expected to be taken up by the House later in the evening or tomorrow, September 29. Once passed by the House and signed by the President, H.R. 5325 will extend the Religious Worker, Conrad 30, EB-5, and E-Verify programs until December 9, 2016.