Congress Passes Stopgap Spending Bill – Extends EB-5 Through January 19, 2018

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Congress Passes Stopgap Spending Bill – Extends EB-5 Through January 19, 2018

December 22, 2017 – Last night, both the House and Senate passed a stopgap spending bill which will avert a government shutdown through January 19, 2018. President Trump signed the short-term spending bill into law today. This extends the current sunset date for the EB-5 Regional Center Program as well, which was supposed to expire at midnight tonight.

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(The House and Senate passed the short-term continuing resolution on December 21.)

IIUSA remains in close conversations with the Congressional offices working on EB-5 reform legislation and we are hopeful that action will occur prior to the new sunset date in January. As always, we will keep you informed of any developments when they occur. A reminder that you can review IIUSA’s Policy Platform at anytime. This platform, developed and approved by our members and Board of Directors, guides the organizations conversations and positions around EB-5 reform. Please contact advocacy@iiusa.org with any comments or questions.

Thank you for all your support through yet another uncertain and exciting year for the EB-5 industry. We look forward to working with you all in 2018!

December 22nd, 2017|Categories: Government Affairs, Milestones|

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