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.
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