Yesterday evening, Congress passed the Consolidated Appropriations Act, 2021 which, among many other things, extends the EB-5 Regional Center Program through June 30, 2021.
The reauthorization provides a 6-month window for IIUSA to continue to work with our industry partners on achieving a long-term reauthorization for the Program. Earlier this month, Senators Grassley and Leahy introduced the bipartisan EB-5 Reform and Integrity Act of 2020. The legislation is a significant step in the right direction, unanimously supported by our Board of Directors, which we look forward to working with Congress on in the new year.
Questions can be directed to advocacy@iiusa.org.
