The Clock Is Ticking – Will They or Won’t They Extend EB-5

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Congress is in recess during August, but the calendar keeps creeping relentlessly toward September 30, when the EB-5 Regional Center program is scheduled to sunset. With the American Entrepreneurship and Investment Act in the Senate Subcommittee on Immigration and Border Security, time is running out for Congress to act.

With immigration reform being the hot topic that it is, it is extremely unlikely that EB-5 reform will be on a consent agenda, so it is going to take time to get through the committee process and to the floor for approval.

Don’t expect a miracle. They do not happen on Capitol Hill. Given the history of the House and the Senate, despite the many proponents the bill seems to have, informed observers are suggesting that Congress will kick “the EB-5 can” down the road, allowing a temporary extension of the program in its present form for several months while reform discussions, debates, and deliberations grind slowly through the Congressional mill.

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