U.S. EB-5 Granted Temporary Extension As Part Of Short-Term Funding Bill

The U.S. EB-5 investment immigration program has received another temporary extension in its current form as part of a short-term funding bill passed by Congress late on Thursday, December 7.

The popular immigration program, along with the rest of the government budget, was due to expire on December 8 under the previous temporary extension. The new short-term extension now expires on December 22.

It means Republicans and Democrats have more time to reach an agreement that would see a long-term budget approved. President Donald Trump convened a meeting between lawmakers from both sides at the White House earlier on Thursday.

Despite several calls for the EB-5 program to undergo major changes, and others for it to be scrapped altogether, the status quo of continuing temporary extensions remains.