News
Winter Work – unlike past years for EB-5
Typically, the period from mid-December to mid-February is quiet for EB-5 visa applications due to the celebration of the holidays in the U.S. followed by the Lunar New Year in China and other Asian countries. However, the first quarter of 2017 will not be like those of the past for...
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....