EB-5 News

Spending Bill Passes House, Would Reauthorize EB-5 Regional Center Program

Clare LithgowBy 2249 views
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reauthorize eb-5 regional center program

The House overwhelmingly passed new legislation which would extend government funding through December 11, 2020. The spending bill is now being sent to the Senate for approval before it arrives on President Trump’s desk for a final signature.

If passed, the spending bill, H.R. 8337, the Continuing Appropriations Act, would avert a government shutdown.

The continuing resolution would reauthorize the EB-5 Regional Center Program through December 11, 2020, along with funding many critical government programs.

This legislation includes the Emergency Stopgap USCIS Stabilization Act, which would expand premium processing fees for certain immigration benefit types to help with USCIS funding and budgetary issues.

Here is the press release that was issued for the bill, which also contains a link to the full text of the bill as well as a section by section summary.

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