EB-5 | U.S. Congress Votes to Extend EB-5 Program through December 2016
Yesterday, the United States Congress overwhelmingly voted to approve a short-term Continuing Resolution with several amendments, including a clean amendment designed to extend the sunset or expiration of the current EB-5 program for foreign investors seeking permanent residency in the United States. The Continuing Resolution extends the current EB-5 program without any changes through 9 December 2016. The President is expected to sign the Continuing Resolution before 30 Sept
EB-5 | New Bill to Extend the EB-5 Pilot Program Introduced in U.S. Congress
The National Law Review and other news sources are reporting that on Sept. 12, 2016, the House Bill H.R. 5992, known as the “American Job Creation and Investment Promotion Reform Act of 2016”, was formally introduced into the House of Representatives. The Bill was introduced by House Judiciary Committee Chairman Bob Goodlatte (R-Virginia). The Bill is the companion to the proposed Senate legislation of the same name introduced by Senator Patrick Leahy (D-Vermont) and Senator
