News
Today, the Department of Homeland Security sent new proposed rules to the Office of Management and Budget (“OMB”). This is the first step to increase the minimum EB-5 investment amount required for immigration to $800,000. The government has not released the text of the new rule, but accounts say they are...
Good News EB-5 Extension Tomorrow, the EB-5 RC statute will be extended to April 28, 2017 without change. Senator Grassley tried this week to pass his latest EB-5 bill (“Grassley 2.0.”) as part of the continuing resolution to fund the government but failed, at least for now. Bad News Investment Amount to $1 Million? Grassley...
Continuing Resolution December 9th is days away and we await Congress passing a Continuing Resolution (“CR”) to extend funding of the government along with EB-5 and a few other immigration statutes. It appears the CR will extend the government funding and EB-5 program to April 30th. China The New York Times on November...
EB-5 RC Law to Be Extended to March 31, 2017 Congress announced that it will postpone passing a new government funding bill until March 31, 2017, when the new President will take over. A short-term continuing resolution will soon be passed that will extend the current government funding until March 31st....
Election; The Senate & EB-5; ITIN
Election Overall, Trump’s anti-immigrant crusade has been most disturbing. One possible bright spot is that Trump’s son-in-law partially funded a real estate project with EB-5 funds. So EB-5 possibly may have a friend in Trump. Trump has vowed to repeal the executive order creating the Deferred Action for Childhood Arrivals (“DACA”) program for...