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ARTICLE · 27 JULY 2017

EB-5 Update – Extension And Current Senate Bills

Saul Ewing Arnstein & Lehr LLP
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It is common knowledge the EB-5 investor program received extensions through September 30, 2017.

United StatesImmigration
Ronald R. Fieldstone
Ronald R. Fieldstone

It is common knowledge the EB-5 investor program received extensions through September 30, 2017. Accordingly, until further changes happen, the existing program will remain in place.

There are currently two (2) key bills that have been presented. One is the Grassley Bill, which is a modification of the old Senate 1501 Bill proposed back in June of 2015 by Senators Grassley and Leahy. The active call "American Job Creation and Investment Promotion Reformat to 2017." The other bill was proposed by Senator Cornyn of Texas, which has also been submitted in the Senate. Basically, the two (2) factions which represent rural/urban interest are negotiating immigration points that in effect include the following:

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