Yesterday, House and Senate legislators reached a bipartisan omnibus spending deal of $1.07 billion that will fund the government and extend the Regional Center program within the EB-5 immigrant investor program until September 30, 2017.
The extension confirms that the minimum investment amount in Targeted Employment Areas (TEA) will continue to be $500,000 and that there are no changes to the rules governing TEA designation.
This should come as a relief to current and potential EB-5 Investors and Regional Center operators, but also as a warning that Congress is seriously considering legislative changes to the EB-5 program.
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