This Week – And Month – Will Be Critical For The EB-5 Program

Funding for the federal government runs out at midnight on Saturday, Dec. 9. We have been here before: the EB-5 Regional Center Program's ongoing authorization is dependent upon an extension through a Continuing Resolution (CR). On Saturday, the House Committee on Appropriations announced the introduction of a CR providing a clean extension of the program through December. Thus, everyone can expect a short-term extension and another few weeks of anxiety that will hopefully be resolved before Christmas, and then another extension for weeks or months thereafter. Lather, rinse, repeat, right?

Not exactly, as the politics surrounding the CR have changed dramatically since the last go-round, with the potential that a different immigration program derails the CR and forces a government shutdown and thus a lapse of the Regional Center program given its inclusion in the CR.