EB-5 Program Gets Another Six-Month Lease on Life as Trump Signs Omnibus Bill

Following the passage of the Omnibus Appropriations Act in the House of Representatives on Thursday and in the Senate on Friday, President Trump signed the 1.3 trillion spending measure – which includes an extension of the EB-5 regional center program until September 30th –  into law yesterday.

In the weeks leading up to March 20th, EB-5 industry advocates had expressed cautious optimism that reform and long-term re-authorization of the program would be included in the bill but ultimately had their hopes slashed on Tuesday as it became clear the bill would merely include a temporary extension.

Read also: EB-5 Industry “Extremely Disappointed” as Bid for Re-Authorization Falls Flat

Yesterday’s extension marks the 12th short-term authorization since 2015 (see graphic via Lucid Professional Writing below).