Bernard P Wolfsdorf
Immigration AttorneyIt has been extended 17 times or more, and while it may be delayed, we are very hopeful this will be extended and the program improved.
There is now less than a month left until the June 30 EB-5 regional center deadline. We are now in the final stages and awaiting our interview, is there enough time for the EB-5 bill to pass before June 30? I have heard that if it lapses then no EB-5 visa could be issued until its renewed which would cause delays.
It has been extended 17 times or more, and while it may be delayed, we are very hopeful this will be extended and the program improved.
I think it will be reauthorized on time.
The scheduling of immigrant visa interviews is up to the NVC or the U.S. Embassy/Consular Office handling immigrant visa applications. The U.S. State Department is prioritizing immigrant visa cases into four tiers in order of priority. Unfortunately, employment-based immigrant visa applications, including EB-5 are in the fourth tier. Therefore, it is unlikely to have an EB-5 immigrant visa interview scheduled before June 30, 2021. The good news is that most industry experts expect the regional center portion of the EB-5 program to be reauthorized. Whether that happens before or after the current sunset date remains to be seen.
We do expect re-authorization but obviously not guaranteed. If not, then I assume arrangements would be made to grandfather in any persons who previously applied while authorized.