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.
Yesterday’s extension marks the 12th short-term authorization since 2015 (see graphic via Lucid Professional Writing below).
Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 14 years in the United States, China, and Spain.