On Wednesday, December 15th, Congress temporarily extended the EB-5 Regional Center Program for a second time this fiscal year as part of an Omnibus Spending Bill . This temporary extension gives the program a reprieve until the end of the fiscal year on Sept. 30,...
On September 30th, just as the Program was facing expiration, Congress extended the EB-5 Regional Center Program through December 11th as part of a temporary spending bill that will keep the government running through that date. While it is probable that the House and Senate...
The EB-5 Regional Center Program was scheduled to “sunset” on September 30, 2015. In a rare demonstration of bipartisan support, Congress passed, in an eleventh hour majority vote, a temporary funding bill, which included an extension of the EB-5 Regional Center Program through December 11,...
In June, two United States senators—Republican Senator Chuck Grassley of Iowa and Democratic Senator Patrick Leahy of Vermont—introduced legislation to reauthorize and reform the EB-5 Regional Center Program, which is set to expire on September 30th. The Leahy-Grassley bill was actually the third bill to...
Given the EB-5 Regional Center Program’s pending expiration on September 30, 2015, the EB-5 community is anxiously waiting to see what changes and reforms will be made to the Program in order to ensure its re-authorization. One bill—the bi-partisan American Job Creation and Investment Promotion...
As previously reported, the EB-5 Regional Center Program is not a permanent institution; instead, in its current iteration, it requires Congressional re-authorization every few years. Thus far, Congress has reauthorized the program five times since its inception in 1993. The current authorization is set to...
Developers have increasingly looked to the EB-5 program as a less expensive, easier to obtain source of capital over traditional financing. However, lengthy I-526 processing times present a challenge to developers with shovel-ready projects. In many EB-5 deals, investors’ funds are placed in escrow until...
In Part 1 of this three-part series, we reviewed many of the key questions that investors should ask concerning the legal, economic, and financial aspects of EB-5 projects. In Part 2, we covered what business owners and developers need to assess before committing resources to...
Recently, there has been more concern over whether the EB-5 Regional Center program will be renewed in 2015. The program is set to “expire” on September 30, 2015, unless it is renewed for the tenth time! Additionally, there is concern because of the results of the...
In Part 1 of this two-part series, we reviewed many of the key questions that investors should ask concerning the legal, economic, and financial aspects of EB-5 projects. In this post, we will cover what business owners and developers need to assess before committing resources...