News
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...
RCs and Developers Take Note
RCs and Developers Take Note The USCIS recently sent a request to a RC asking for its LLC state registration. The request stated that the RC’s I-924A annual report for 2015 was being reviewed and USCIS could not confirm on the state’s webpage that the RC was in good standing. Be sure...