With the EB-5 Program’s sunset date just one day away, the news from Capitol Hill is that a proposed continuing resolution (CR) will extend federal government funding for one week, which would include EB-5. The House is scheduled to vote on the CR today (4/27) and the Senate tomorrow (4/28). A copy of the draft CR is available below.
This short-term extension is good news both in that is keeps the Program alive for another week and that it allows industry stakeholders to continue negotiations with legislators as we come closer to reaching a legislative deal that would reform the Program with long-term reauthorization. IIUSA continues to work towards improvements that protect the integrity of the program and the projects that contribute so much to American communities.