I understand the current authorization for EB-5 was expiring on Dec. 11, 2015. Now what is the latest status? Has the regional center program been renewed? Have any changes been made to the EB-5 program?
Answers
Salvatore Picataggio
EB-5 Immigration attorneysEverything is remaining the same until Sept. 30, 2016, or until a new law is passed.
Fredrick W Voigtmann
EB-5 Immigration attorneysThe latest update is that Congress has extended the EB-5 program without changes until Sept. 30, 2016.
Jinhee Wilde
EB-5 Immigration attorneysThe EB-5 program will continue as-is until Sept. 30, 2016. While we expect that USCIS may institute some policy changes administratively that could affect job creation counts and source of funds review, we do not expect them to be able to increase the amount of funds required for investment and other major changes that were being discussed as part of the reform.
Bernard P Wolfsdorf
EB-5 Immigration attorneysNo changes - straight extension until Sept. 30, 2016.
BoBi Ahn
EB-5 Immigration attorneysNone so far, but that is about to change since the very temporary extension to the EB-5 Pilot Program expires Dec. 16, 2015. The rumors are that the EB-5 program will be extended for another year, with restrictions on TEA designation, increase of minimum investment requirement, changes to job creation definition, and increase in transparency and protection against fraud. But it is still all guesswork until legislation is passed.
John J Downey
EB-5 Immigration attorneysThere have been some changes proposed, but no Bill has been decided upon by Congress as of yet.
Ian E Scott
EB-5 Immigration attorneysThe program has been extended to Dec. 16, so you should expect to hear something on final changes shortly.
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