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ARTICLE · 22 MARCH 2018

Straight EB-5 Extension In Proposed Omnibus Appropriations Bill

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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A provision to extend the current EB-5 Program until September 30, 2018 is contained in the proposed Consolidated Appropriations Act, 2018 ("Omnibus").

United StatesImmigration
Douglas Hauer
Douglas Hauer
Alexander Hecht
Alexander Hecht
R. Neal Martin
R. Neal Martin
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A provision to extend the current EB-5 Program until September 30, 2018 is contained in the proposed Consolidated Appropriations Act, 2018 ("Omnibus"). If passed by the Congress and signed into law by the President this week, the Omnibus would extend current program authority for the EB-5 Program through the end of this fiscal year. Given supportive statements by Republican and Democratic leadership in the Senate and House, passage of the Omnibus appears likely.

The extension does not introduce any new requirements into the EB-5 Program. This clean, straight extension of the EB-5 Program will give lawmakers and the Department of Homeland Security additional time to make substantive changes to the program.

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