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EB-5 Regional Center Program Extended Through June 30, 2021?

Clare LithgowBy 2453 views
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eb-5 regional center program extended

The EB-5 Regional Center Program may be extended short-term through June 30, 2021 as part of the Consolidated Appropriations Act, 2021.

This legislation does not address the EB-5 per-country-caps limit or other major reform issues that had been raised just a short time ago in Congress.

However, it does separate EB-5 Regional Center Program reauthorization from future federal spending (appropriations) bills by making its new deadline in June rather than at the end of the fiscal year. This may lead to more focus on EB-5 as a stand-alone issue and generate needed reforms.

The EB-5 Program was created by Congress in 1990 as a way to stimulate the U.S. economy through foreign capital investment and job creation. Eligible foreign nationals who invested the minimum funds required into qualifying job-creating or job-preserving U.S. businesses could apply for U.S. green cards for themselves and their immediate family members.

Edited to reflect President Trump not yet signing.

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